CAPABILITY STATEMENT 2021

The networkfor doingbusinessWORKING TOGETHER INTERNATIONALLYUHY is a leading international networkof independent member firms providing
audit, accounting, tax and businessadvisory services across the globe.
We work together with you to ensure you achieve your objectives.
Our clients include publicly listed companies, privately owned
businesses, not-for-profit and public organisations. We tailor
our services to suit your culture. We share your aspirations andwe deliver customised, timely advice to help you make the rightbusiness decisions.
The UHY network offers an exceptional competitive advantage— national capabilities, attentive personal service and a presence
across major business centres globally. UHY people pride
themselves on their ability to combine local knowledge withnational, regional and international expertise.
We are working with clients to embrace International Financial
Reporting Standards (IFRS), as many of our clients have interests
in at least one country outside their home base – and many havebroader international operations.
Commitment to quality is one of our network’s main values —and because it is so important to us, we strive to achieve this in
everything we do. UHY’s membership of the Forum of Firms andcommitment to IFRS means our clients have access to the same
quality of professional services as larger multinational players.
We not only have the global spread logistically but also the attest
compliance infrastructure to deliver a transnational service thatany client of any size can depend on.

THE FORUM OF FIRMS
The UHY network is a member of
the Forum of Firms, an association ofinternational networks of accounting
firms. The Forum’s goal is to promoteconsistent and high quality standardsof cross-border financial reporting
and auditing practices worldwide. For
additional information on the Forum ofFirms, visit: www.forumoffirms.org
At the time of printing, there are
31 members of the Forum.

FORUM OF FIRMS
CLIENTS FEATURED IN THISREPORT INCLUDE:

www.blackstonemotors.ie

www.cracovia.pl

www.filotrack.com

This new edition of our annual capability statement illustrates how
we have continued to strengthen our close working relationships
with our clients locally, internationally or cross-border throughout
sectors, specialisms and geographical regions – and, more
importantly, it includes what our clients say about our services.

www.novomatic.com

www.pa-nova.com.pl

www.transfinder.com

www.relyontrion.com

UHY CAPABILITY STATEMENT 2021 3

FROM DENNIS PETRIUHY Chairman
I am very pleased to present the 2021 UHY Capability Statement, following what has been achallenging and unpredictable year, by any standards. It is important for me to put on record
my appreciation for the way in which our member firms have responded to adversity, withfortitude, care and innovation, and never giving less than one hundred percent support to ourclients across the world. My hope for the coming year is that we will all regain some forward
momentum, helped by a global vaccination programme and a compelling human desire fora return to normality – whatever final shape that may take.
The UHY Capability Statement serves to remind our readers, our clients and perhaps our
future clients, that this network of independent member firms has a strong set of credentials
for both domestic and multinational audit and assurance, tax, accounting and consultancy
work. UHY International was established 35 years ago as a trans-Atlantic cooperation
between firms in the US and the UK. Since then, it has grown to meet the needs ofinternational clients in over 100 countries.
Our member firms can be found in nearly 330 locations around the world, and between them
employ more than 8,500 professionals. We grow the network in line with client needs, both
geographically and in service capability. But more importantly, we do it with a shared senseof responsibility, driven by quality and the ability to work together effectively to deliver
joined-up solutions for clients working across borders.
In this issue of the UHY Capability Statement we present a few examples of the way we workwith clients. They represent a tiny proportion of the massive workload delivered each year, butthey typify something of the approach that our member firms take with every client, whatever
the engagement and whatever the industry. For example, you can read about businesses asdiverse as a high-growth tech start-up, an international property developer, a gaming machines
manufacturer, an award-winning automotive retailer, a professional employer organisation, aroute mapping software developer – and even a historic football club.
A common thread is the importance that partners place on leading from the front,
developing deep and valuable relationships, and adding value over and above the brief.
Some of these stories show how our firms work with each other in different countries tomeet clients’ international needs. Others illustrate the delivery of excellent service at a local
level. From my perspective the most important outcome is a satisfied client, and I am gratefulto those we feature for allowing us to report what they have to say.
Finally, thank you for reading this publication, which also includes an international directoryof our member firms and a summary list of services. Please do not hesitate to contact me or
any of our listed international contact partners, if you would like to discuss ways in which wemight be of service, now or in the future.

Best wishes
Dennis Petri4 UHY CAPABILITY STATEMENT 2021

TRANSFINDER
SECTORLOGISTICS MANAGEMENTREGIONAMERICAS, ASIA-PACIFIC

Founded in 1988, Transfinder is a
global leader in logistics softwareand technology. More specifically, thebusiness works with school districts
and municipalities to develop routing,scheduling and fleet maintenancesolutions for school bus services. Smarterroute management is backed by powerfuldata insights and a host of user friendly
features. The result is safe, efficientand cost-effective transportation forschool students across the United States,
where Transfinder products are usedby more than 2,000 school districts andmunicipalities in 47 states. The company
is the industry leader in several of those,including the major markets of New
York and Texas. Transfinder employs
140 people across four offices, with
headquarters in Schenectady, New York.
CHALLENGE
Transfinder is a successful business,
named by Inc. magazine as one of theUnited States’ fast growing privatecompanies for 11 consecutive years. It
has maintained its position as a leader
in logistics technology through acommitment to continual innovation.
Core products are refined and improved
on a regular basis, and new features
added. Transfinder is also continually
growing its product portfolio. The
company now supplies over a dozen
solutions designed to increase efficiency
and reduce costs for logistics managers
in school districts and municipalities.
But the journey has not been without
its challenges, and in 2014 Transfinder
ran up against a problem. An ambitious
product and development roadmap
was being undermined by a lack of
top technical talent. “Our company
was ready for some big steps but wecouldn’t find enough team members
to help us build all of the products andfeatures fast enough,” says Joseph
Messia, Transfinder’s chief operating

Photo by Arif Riyanto on Unsplash

officer. “It has long been a challenge tofind technical team members here in the
upstate New York area.”
A dearth of IT talent is an issue formany growing businesses in thetechnology sector, and competition
for good programmers and developers
can be fierce. Transfinder decided toaddress the problem by looking further
afield, and to do so it enlisted the
support of UHY’s global network of
local expertise.

Our UHY contacts
are professional,

responsive, and apleasure to wor k

wit h. They continue
to be a great helpin establishing ourinternational officelocations.

SOLUTION
The plan was simple enough.
Transfinder would open satellite
offices in cities considered hotspotsof IT talent, where it could find andnurture the expertise it needed to put
ambitious product development plans
into action. But opening subsidiaries inforeign jurisdictions can be complex,
with often very different rules aroundcompany ownership, taxation andemployment. Transfinder turned to
UHY to provide the local knowledge
it needed.
“UHY has a strong presence here in the
Schenectady area where our company isbased,” says Joseph. “It was our contacts
here locally that gave us the confidence
that UHY and its international member
firms could help us establish our new
office locations.”
The company first approached
Howard Foote from UHY LLP in
Albany, New York. Joseph and hiscolleagues explained the company’s
need for international development
offices, and its preference for a
Chinese presence initially, followedby an office in India. In turn, Howard
introduced Transfinder to UHY’s
member firm in China, Zhonghua
Certified Public Accountants LLP, andspecifically its local team in Shanghai.

UHY CAPABILITY STATEMENT 2021 5

Transfinder headquarters, Schenectady, New YorkThe partnership was a success.
“Zhonghua did a great job helping
us establish Transfinder Shanghai sowhen we decided to open Transfinder
India we went back to UHY to help us
connect with the right team there,”says Joseph. “UHY connected us with(joint managing partner) Sunil Hansraj
and his team at UHY member firm
Chandabhoy & Jassoobhoy in Mumbai.
Our local connections at UHY allowed
us to find the right partners in both
China and India.”“They have helped us establish
our network,” he adds. “If wehave a need for a service outsideof those that UHY LLP, Zhonghua
or Chandabhoy & Jassoobhoy
provide, they have been very helpfulin providing us with additional
contacts and the names of trusted
vendors. That’s a critical step toestablishing a new office location.”Transfinder Shanghai opened in 2015,and has been working well. Now India
will follow. The Indian company wasincorporated last year but activity wassuspended by the coronavirus lockdown.
Joseph and Sunil are currently in discussion
about starting the Indian operation.

Zhonghua did a

RESULT
UHY member firms in the US, China andIndia have been crucial to Transfinder’sambition to accelerate the developmentof new features and products throughthe acquisition of overseas talent. UHY’s
specific services have centred aroundthe legal processes involved in theestablishment of foreign owned entities,
alongside local tax regulations andemployment laws. But Joseph says theinvolvement of the UHY firms has gone
beyond standard accountancy services.

Shanghai so when

great job helping
us establish
Transfinder
we decided toopen Transfinder
India we went
back to UHY.

With the Indian development officelikely to open this year, Transfinder
has found a global solution to a local
problem. With the help of the UHY
network, the company now has thetechnical talent its ambitions demand.
“UHY and the UHY member
firms have met or exceeded our
expectations for requests bothcommon and unique,” says Joseph.
“Our contacts are professional,
responsive, and a pleasure to workwith. The firms and our UHY contacts
continue to be a great help inestablishing our international
office locations.”
UHY IN THE LOGISTICS MANAGEMENTSECTOR
UHY member firms are expert insupporting worldwide manufacturing
and logistics supply chains including
warehousing, transport, inventory,material handling, packaging,disposal and software innovation.
Specialists from UHY member firms
work with businesses on improving
the management of supply chains to
identify potential cost savings andmitigate risks to production schedules.
Services include cross-border tax andaudit services, advising on corporate
structure, finance advice and thepurchase and sale of assets.

6 UHY CAPABILITY STATEMENT 2021

PA NOVA

They are good

SECTOR

professionals, smar t

CONSTRUCTION & REAL ESTATEREGIONEUROPEand competent –and also nice people,
which helps to build a

PA NOVA S.A. designs and builds public,commercial and industrial buildings
from its headquarters in Gliwice, inthe south of Poland. It offers end-toend project management, taking careof the design, construction and legal
aspects of any development, and a morestraightforward general contractor
service. PA NOVA also owns andmanages its own portfolio of commercial
and industrial properties, giving thebusiness an insight into the challenges
of maintaining large developments.
That feeds back into the design andconstruction of ever more durable,
flexible, and cost-effective properties.
The business, which has activities in
Poland and Germany, posted turnoverof EUR 60m (USD 71m) in 2019. It
employs 200 people and is publicly listedon the Warsaw Stock Exchange.
CHALLENGE
In 2017 PA NOVA was required tochange auditors after five years with thesame firm, in line with Poland’s nationalguidelines. The company needed afinancial services company to support
its ambition to grow significantly within
Poland and also expand internationally
if suitable opportunities arose.
SOLUTIONPA NOVA’s comprehensive evaluation
process considered other major
competitors alongside Polish UHY
member firm UHY ECA Group. The
business chose UHY ECA Group because

Galeria Galena, Jaworzno, Poland

relationship.

of its excellent reputation as an audit
partner and its membership of the global
UHY network. The company understoodthat, should opportunities arise to expand
beyond Polish borders, easy access to atrusted global financial services network
could make the process easier and moreseamless.
Today PA NOVA works with up to ten UHY
professionals, particularly with partner
Dominik Biel and associate partner Patryk
Steidten at UHY ECA Group. CEO Tomasz
Janik has been impressed with UHY’s
considerable accounting and auditing
experience. “Dominik and Patryk are good
professionals, smart and competent. They
are also nice people, which helps to build a
relationship.”
UHY ECA Group has been conducting
reviews and audits for both PA NOVA’sparent company and its subsidiaries since2017. Both parties agree the relationshipis a strong one, and when PA NOVA
needed financial expertise outside
Poland it did not hesitate to approach
UHY ECA Group for a recommendationfrom within the wider UHY network.
RESULT
PA NOVA is one of Poland’s most respected
construction and real estate managementcompanies, leading the design andconstruction of a large number offlagship retail, commercial and industrial
development projects. It also manages
a property portfolio which includes
prestigious developments such as Galeria
Galena and Galeria Sanowa, shopping
malls in Jaworzno and Przemyśl. With
interests in a number of complementaryareas, quality audits are essential to thefinancial health of the business.

The relationship with UHY ECA Grouphas helped create a firm foundation
for the company’s ambitions. Like every
business, PA NOVA’s expansion plans
have been slowed by the pandemic,
but Tomasz remains confident for
the future. “The plan for PA NOVA is
to grow mainly in domestic markets,
where we see a lot of opportunity.”That is not to say that international
expansion is not also a consideration.
Indeed, the business recently createda subsidiary in Germany – PA NOVABT GmbH – to help it realise a large
residential project in that country.
Tomasz knew he could trust the workof UHY and asked UHY ECA Groupfor a relevant network contact. As aresult, Thilo Rath and his team fromUHY Deutschland AG conducted
an audit and review for preparing
consolidated financial statements forthe group. “We are satisfied with thework that has been done and thecooperation between UHY firms,”
says Tomasz.
Further international opportunities
will be considered, though Tomasz
says that knowledge and experiencebuilt in the Polish real estate sector
is not always applicable to externalmarkets. For that reason, any further
cross border expansion is likely to go
ahead only in cooperation with local
partners in the target country. If that
happens, PA NOVA will confidently
rely on the relevant UHY member
firm to help. After three years of
productive cooperation with UHY
ECA Group, this growing businesstrusts UHY to help it construct a solid
financial future.
UHY IN THE CONSTRUCTION & REALESTATE SECTOR
From local building companies tointernational consultancy groups,
member firms across the UHY network
have extensive experience in offering
tailored services to the constructionindustry supply chain and real estate
sector. Services include tax andcorporate services, maximising capitalallowances on commercial property,
advising on the most efficient
corporate structure, project financeadvice and deal structuring andtransfers of going concerns.

UHY CAPABILITY STATEMENT 2021 7

I ha d to find

FILO SRLan auditor who

SECTOR

INTERNET OF THINGSREGIONEUROPE

Filo Srl is one of Italy’s super startups, asmart-tech company flourishing in theInternet of Things (IoT) sector. Foundedin 2014 by current CEO Giorgio Sadolfo
and his like-minded team of visionary
entrepreneurs, Filo quickly capitalised on
venture seed funding and a place on thehighly regarded Luiss Enlabs accelerator
programme, based in Rome. Developing
and manufacturing Bluetooth-enabledtracking tags, Filo was hailed as one of
Italy’s top 100 startups of 2015. To date,
Filo has sold over 400,000 tags and has
continuously invested in improving andrefining the product.
The company continues to gofrom strength to strength. In 2019
Filo launched its market-leadingchildren’s car seat anti-abandonment
safety tracker – the Tata Pad – andcompleted a second round of investor
funding in 2020 despite the backdropof uncertainty created by theburgeoning pandemic. Filo’s researchand development department are
currently engaged in exploring new
tracking technologies to push existingboundaries. By the end of last year,
Filo had enjoyed a remarkable 300%
year-on-year growth and a turnover inexcess of EUR 10m (USD 12m), while its
technology has been integrated underlicence into many other products, withpatents filed in over 30 countries.
CHALLENGE
Behind the headlines, Giorgio Sadolfo has
had to address the financial management
implications and opportunities of Filo’s
upward trajectory.
“To register on the Italian Chamber ofCommerce’s programme for innovative
SMEs (small-medium enterprises), we
needed to file a set of certified annual
accounts,” says Giorgio. “The programme
offers many benefits, like tax incentives,
guarantee schemes for financing andFilo founders (l to r): Giorgio Sadolfo, Francesco
Ceccherelli, Andrea Gattini, Stefania De Roberto

access to equity crowdfunding, so it is an
important registration for us.
“It meant I had to find an auditor who
really understood the nature of startups,
and who we felt could work in our highpressure environment as part of the team,
not only for this review but for the longer
term too.”
SOLUTION
After consulting with his investors,
Giorgio approached Andrea D’Amico at
UHY Italy, who had been recommended
for his expertise and understandingof the sector. Andrea has worked withmany entrepreneurs in early stage
businesses and was an excellent fit for
Filo, as Giorgio confirms.
“Andrea has huge experience and is a
total professional. In just a few weeks
he had understood all our needs whichwere many and often complex. He
headed his team with great competence.
He and Silvia Candela (UHY senior on theaudit team) certainly met the challenge
to close our financial review on time.”
RESULT
The successful completion of Filo’s first
audit to a clear deadline – regardlessof Covid-19 lockdown – has drawn
praise from Filo’s management and has
enabled the company to press ahead
with its business registration plans. “Ithas been a great budget revision for ourinvestors and partners,” says Giorgio.
“Moreover, during this process, Andrea
was happy to share his thoughts on
future opportunities and challenges forFilo. He clearly shares our vision.”
Andrea agrees that UHY Italy andFilo feels like a well-matched pair.
“We share an enthusiastic viewof doing business. It has been
an exciting journey for us, andhopefully in the future we will see

really understoodt he nature ofstar tups, and

who we felt could
wor k in our

high-pressure

environment as

par t of t he team,
not only for t his

review but for t helonger term too.

Filo exploring some new avenues of
stakeholder engagement, such as
meeting increasing investor needs
for sustainable business reporting, ordeveloping plans for expansion outsideof Italy. If they do, we would likenothing better than to be the auditor
which certifies their non-financial
declaration, and the trusted advisor
which can connect them with other
UHY colleagues across Europe.”
With a strong relationship forged
between them from the outset, thefuture looks bright for both.
UHY IN THE SMART TECH SECTOR
UHY has wide experience in thetechnology sector, helping establishedtech leaders and startups with financial
planning for product development,
resource management and strategicplanning. Smart tech and the internetof things pose additional challenges andopportunities, and as well as traditional
accountancy services, our members
give business advice to high growth,
innovative technology companies
looking to expand into overseas markets,and to startups seeking development
stage funding.

8 UHY CAPABILITY STATEMENT 2021

MKS CRACOVIA
SECTORSPORTREGIONEUROPE

positive opinions and credentials
around UHY ECA Group and UHY isa well-known brand,” says KonradTarański, CFO and vice president of the
management board of Comarch S.A.
“We could draw on the experience ofearlier cooperation between UHY ECAGroup and other entities related to
Comarch, so we were happy to trust
the firm with the Cracovia account.”

All dea dlines weremet despite t heoccurrence offorce majeure during
t he audit period

in t he form of t heFounded in 1906, MKS Cracovia is theoldest football team in Poland, and theoldest active sports club in the country. It
has had a volatile history, with triumphs
in the Polish top division (the Ekstraklasa)
at one end of the spectrum, relegationand near bankruptcy at the other. Today,
after years in lower leagues the club is reestablished in Poland’s top flight, and lastyear competed in the Europa League forthe first time in decades. In 2020 Cracovia
won the Polish super cup for the firsttime in its history. Off the pitch Cracovia’s
fortunes are also on the rise. Today it is a
subsidiary of Comarch S.A., which is also
the club’s sponsor. Cracow-based Comarch
is a global software business listed on the
Warsaw Stock Exchange.

For UHY ECA Group, Cracovia isa labour of love. “For Polish fans
Cracovia is more than a football club,
it is a significant part of Polish footballhistory,” says Dominik Biel, partnerat UHY ECA. “Cracovia is not only theoldest Polish club, it is also the beloved
club of Pope John Paul II. Being anauditor of Cracovia is a combination ofprivate and professional passion.”
Associate partner Patryk Steidten agrees.
“Auditing the financial statements of
Cracovia, a distinguished and titledfootball club, was not in the category ofwork. Football is my greatest hobby, so
the analysis of the football business was
one of my favourite projects.”

RESULT
UHY ECA Group is now tasked withcompleting the next Cracovia audit,
which may be more complex still.
The Polish Ekstraklasa was one of thefirst leagues to suspend matches dueto the pandemic in March 2020. The
league resumed in May, with games
played without fans until the end of
the competition in July. So far, 2020/21
season matches have been played
behind closed doors.

CHALLENGE
Football club finances are a complicatedbusiness, with income generated throughgate receipts, media earnings (mostly
TV rights), sponsorship, club shop sales,
hospitality franchises and player transfers.
Income can rise and fall on an almost
weekly basis. A poor run of form dampens
matchday receipts and shop sales, andsuccess has the opposite effect. Outgoings
are equally unstable. Player wages usually
make up the lion’s share, and transfers candramatically alter the short term financial
picture, increasing or reducing pressure on
the overall wage bill.

The trust between UHY ECA Group andComarch was reinforced by the smooth
handling of the first audit. UHY ECAGroup was contracted in 2019, andcompleted the audit during the first waveof Covid in 2020. Comarch was impressedby the firm’s commitment despite thechallenges presented by the lockdown.

As well as shortfalls in ticket revenue,
the audit will take account of otherfinancial pressures caused by Covid,
with reductions in hospitality and media
income. Cracovia will weather the storm
thanks to the support of Comarch, but
for UHY ECA it will be a football club
audit unlike any other.

“We quickly agreed on the methodof cooperation with UHY ECA Groupand the first audits went smoothly,”says Konrad. “All deadlines were met
despite the occurrence of force majeureduring the audit period in the form of
the pandemic. We are satisfied with
the quality and timeliness of UHY ECAGroup’s services as well as with a fully
professional approach to cooperation.”

Happily, the firm has the complete
confidence of the club and its parent
company to perform to the highest
standards. Konrad says the cooperation
between Comarch and UHY ECA Group,and the quality of the work so far has
put the firm in a strong position to beconsidered for further contracts as thegroup expands.

Comarch first acquired shares in Cracovia’s
holding company in 2003, and now holds
66.11% of Cracovia share capital. In 2019the club turned to Polish UHY member
firm UHY ECA Group to audit its financial
statements and licensee documentation,and to help ensure that the club’s
performance on the pitch would never be
undermined by financial issues off it.
SOLUTION
For Comarch, UHY ECA Group’s
reputation for excellent service waswell established. “We already had

MKS Cracovia 2019 UEFA Europa League.
Image: Marcin Kadziolka/Shutterstock.com

pandemic.

UHY IN THE SPORTS SECTOR
There has never been a morechallenging time for global sport, withthe pandemic affecting participation,
ticketing, tourism, media andhospitality revenues. Our expertise
includes tax and financial planning
advice for sportspeople to auditing
and advising clubs, government bodies,coaches and agents, as well as advisingclubs and gyms.

UHY CAPABILITY STATEMENT 2021 9

potential mergers and acquisitions,as well as other strategic-growth
initiatives.

TRION SOLUTIONS, INC.
SECTORHUMAN RESOURCES SERVICESREGIONAMERICAS
Trion CEO and co-founder, Bonner Upshaw III

Sixteen years after launching two
companies that merged in 2012 tobecome Trion Solutions, the businesshas grown to become one of the top
ten largest professional employer
organisations (PEOs) in the US. A
certified minority owned company, Trion
manages payroll and taxes, benefits
admin, workers’ compensation andregulatory compliance for more than
500 US companies and their 45,000
employees. Trion Solutions, through itspresident and co-founder, David L Stone,
was a national finalist in the 2019 EY
Entrepreneur of the Year Awards. Trion’s
technology-rich, best practice client portal
allows employers and employees toreview and monitor payroll and benefits,providing clarity to internal processes. The
advantages of working with Trion include
no upfront charges and no long-term
commitment. Trion’s administrative fee isa small percentage of overall payroll costand is billed incrementally through theyear, making it easy on cashflow.
Trion’s US clients range from small
businesses with as few as five employees,
to ones with more than 5,000. They
are in many sectors – manufacturing,
technology, retailing, services, education,
healthcare and non-profit. Trion can also
service non-US clients through its global
partnerships.
Companies work with Trion to relieve
the burden of managing HR admin
and help them focus on their corebusiness. Large businesses use Trion as
an extension of existing HR staff to keep
overheads low and efficiencies high.
This includes recruiting and retaining
talent, employee training and setting
and enforcing policies and procedures.
Trion’s corporate headquarters are
in Michigan, US with its client service
and sales offices in Florida, Arizona
and Michigan.

CHALLENGE
Trion’s company slogan is ‘Your
vision. Made perfectly clear.’ With
this as its benchmark, Trion sought
an independent review of its process
documentation and workflow tofurther enhance its celebrated brand,
culture and internal operations. The
senior team was looking to raise its bar
higher and ensure streamlined business
continuity in all its locations.
“We already provided clients withworld-class payroll and HR services
focusing on policies, standards, laws,
regulations and compliance but we will
never become complacent. We realisedthat additional ways exist to push forexcellence across the business and that
our challenge was to determine further
methods to enhance our alreadyimpressive growth,” says Bonner
Upshaw III, chief executive officer andco-founder.
SOLUTION
Other options were considered, but
UHY Advisors, Inc., Sterling Heights,
Michigan, US, convinced Trion thatit had the experience, resources andcreativity to help with the project. Trion
already enjoyed positive relationships
with senior UHY management
including US chairman and CEO, Steven
McCarty, who had supported Trion on

Their experience issignificant,everyonewor ks toget her todeliver exceptional
results.

“We worked closely with six of themost senior people from the UHY team
who helped us customise our processes
and procedures in our preferred
format and provided invaluable
recommendations on how toenhance our effectiveness,” says Craig
Vanderburg, chief operating officer.
RESULT“Our work with UHY Advisors included
a comprehensive evaluation of ourcompany’s performance, underpinned
by measurable plans to help us
maximise the fruits of our steep growth.
Together, we enhanced our process
documentation, identified controls
and improved our processes and work
procedures,” says Craig. “Although
the project is closed for now, we are
implementing UHY Advisors’ advice toenhance controls and efficiencies.”“The experience of the Sterling Heights
team is significant, everyone works
together to deliver exceptional results.
They are friendly, easy to work with,dependable and approachable.”
Craig gives particular credit to UHY
Advisors’ Carrie Schrader, advisory
and consultancy principal, and Joshua
Kramer, lead project manager. “Bothwere extremely effective and provided
great leadership,” he says.
David L Stone adds, “All of us at Trion
Solutions have a high regard for UHY
Advisors and we look forward toworking together on more projects inthe future.”
UHY IN THE HR SECTOR
Globalisation has brought numerous
challenges for HR clients, with demands
for more efficiency, scalability andagility than ever before. Add Covid
to the mix, with constantly changing
policies, standards, laws, regulations
and compliance, and the case forpractical, robust and sensitive advice
has never been more compelling.
UHY member firms help companies
implement visionary yet pragmatic
strategies aligned with the business plan
but also keeping the need to plan for
uncertainty front of mind.

10 UHY CAPABILITY STATEMENT 2021

BLACKSTONE MOTORSSECTOR

AUTOMOTIVEREGIONEUROPEBlackstone Motors is a leading
automotive dealership in the north eastof Ireland with showrooms in Drogheda,
Cavan and Dundalk. Representing
Renault since the dealership’s earliest
days, and subsequently taking on the
Dacia, Nissan and Opel brands too, theteam has built Blackstone into a multiaward-winning operation in less than 14
years, and now offers showroom facilities,
financing, and comprehensive aftersales
including vehicle health checks, servicing,
maintenance, parts and repair.
Blackstone has also invested in selling
the Renault and Nissan electric vehicle(EV) ranges and offers expert advice on
switching to EV and the government
incentives available. In a market where
regulation and consumer preference
drive changing patterns of demand,
trusted advice and excellent service
are paramount.
Noel Stewart, Blackstone Motors cofounder and managing director, says
the business is built on teamwork andmutual respect. “We pride ourselves on
our personal approach,” he says. “Ourultimate aim is customer satisfaction
throughout the lifetime of ourrelationship.”
CHALLENGE
It is no surprise that he should demand
the same qualities from his professional
advisors. As a result of the company’s
rapid growth and elevation by Renault
to regional dealer, the business wasoutgrowing the resource available fromits original local accounting provider.
“With three sites and a growing
portfolio of brands and aftersales service,
we needed a big hitter. We had gonefrom EUR 5m (USD 6m) turnover to EUR
40m (USD 48m) in a relatively short timeand it was increasingly difficult for us to
manage that level of growth.”

They provided a distinctly different level ofservice. They knew our mar ket well, t hey werehands-on, but most impor tantly t hey ma de us
feel valued again as clients.

Blackstone Motors showroom,
Dundalk, Co.Louth, IrelandBlackstone appointed one of Ireland’s
largest providers but they were not able
to meet either the personal or highservice level expectations that Noel had
set, so Blackstone found itself without
adequate professional support.
SOLUTION
Co-founder and fellow director,
Donal Waters, says: “We reached
out to our network and the strong
recommendation was to speak with
Alan Farrelly at UHY Farrelly DaweWhite Ltd, in Dundalk. It was the bestthing we did,” says Donal. “We quickly
appreciated that Alan and his team were
providing a distinctly different level ofservice. They knew our market well, they
were hands-on, but most importantly
they made us feel valued as clients.”
UHY Farrelly Dawe White’s first task was
to undertake the company’s 2019 audit,
but no-one had anticipated a global
pandemic. Nevertheless, after briefing theBlackstone accounts team in December,
Alan Farrelly and the audit team at UHY
Farrelly Dawe White worked remotely –a sign of things to come – and brought
the audit to completion just days before
the country went into lockdown.
RESULT
Getting the job done so thoroughly
and quickly allowed the company toplan better for its tax obligations andfilings as well as its registration andinsurance obligations.

“UHY Farrelly Dawe White has
certainly delivered over and above our
expectations,” says Donal. “They havea young and dynamic team who are
equipped with the latest economic andmarket information. We bounce a lot ofquestions and ideas off them – whether
it is a personal tax issue, or risks on stock
exposure, or even Brexit, they help
provide clarity and always a pragmatic
response.”
After more than a decade’s trading
the directors know their market very
well, but during Covid, having Alanon board has added more value to therelationship. “He has his finger on thepulse,” says Noel. “He understands
the government grants and support
schemes and has helped us to takeadvantage of business relief we would
not otherwise have known about.”
Blackstone Motors has not only founda world-class professional, personable
and local accountancy provider wellversed in the automotive trade, it has
also found a trusted advisor. It is arelationship where both parties feelvalued – and that bodes well for twovery successful futures.
UHY IN THE AUTOMOTIVE SECTOR
UHY member firms help automotive
clients develop strategies forsustainable growth, manage supply
chains and deal with international
pricing issues. During Covid, ourprofessionals add value with up-todate knowledge of changing market
conditions and support services suchas government grants and business
relief. Our experience includes dealing
with clients from a local and regional
perspective to working with franchised
dealer groups. Clients can access specificadvice in transfer pricing, import duties,risk analysis, commercial and financial
strategies and local outsourcing.

UHY CAPABILITY STATEMENT 2021 11

NOVOMATIC ARGENTINA SRL

UHY is our trusted

SECTORa dvisor, helping us

ENTERTAINMENT

face t he challenges
of a very dynamic

REGIONAMERICAS
Novomatic headquarters, Gumpoldskirchen, Austria

NOVOMATIC Argentina SRL is part ofone of Europe’s most successful gaming
technology businesses. Founded inAustria in 1980, NOVOMATIC operates
around 1,900 gaming facilities
worldwide, and is the European
market leader in electronic casino
operation. It is also Europe’s largest
supplier of video lottery terminals. Its
commitment to innovation means it
does not just manufacture equipment
and machines, but also pioneers new
gaming experiences. The business has
subsidiaries in around 50 countries, a
global workforce of over 22,000 andrevenues of around EUR 2.6 billion(USD 3 billion). The Austrian parent
company owns 90% of NOVOMATIC
Argentina SRL.
CHALLENGE
UHY Macho & Asociados has worked with
NOVOMATIC Argentina since 2007 and
it is very much a team effort according
to Mr. Fabián Grous, general manager
at NOVOMATIC Argentina. “They are
involved in our daily operation, maintaining
accounting and tax issues in accordancewith local legal requirements,” he says.
Led by UHY Macho & Asociados
partner Tomas Merlos and his team in
Buenos Aires, the work can be complex.
NOVOMATIC only operates in markets
with defined regulatory networks around
gaming and casinos and takes its corporate
responsibility seriously. The Argentinian
operation is no exception – regulations
must be met to ensure legal compliance.
Argentina’s volatile economic situationmeans local businesses face exchange
rate and tax changes, fluctuating market
regulations and inflation. The pandemic
has left a third of the country’s workforce
unemployed and a significant economic
contraction reported for 2020. It has been
UHY Macho’s challenge to steer its client
through these uncertain times .

SOLUTION
Around 12 UHY Macho employees
work on the account, which covers
accounting, tax and corporate
reporting. The firm also provides
bookkeeping and payroll.
These services are complicated by thecountry’s economic instability, adding
a level of business consultancy to UHY
Macho’s work. “UHY helps us run ourbusiness in Argentina with high levelsof service,” says Mr. Grous. “That means
facing different challenges, sometimes
in complex scenarios.”
This can make it difficult to implement
five-year business plans, and complicatesmonthly, quarterly, and annual
reporting to NOVOMATIC’s Austrianparent company. UHY Macho has takenthese difficulties in its stride, providing
accurate and timely auditing andreporting regardless of wider economic
circumstances. “UHY Macho has always
been collaborative and diligent, working
alongside NOVOMATIC’s Argentinianand Austrian Finance teams to meeteach challenge. They always workwith a high degree of professionalism,
as a unique part of our team.”
RESULTNOVOMATIC Argentina SRL is
succeeding in difficult circumstancesand UHY Macho has smoothed theflow of financial information between
subsidiary and parent by bringing theArgentinian operation (which includes
a second subsidiary, Octavian ArgentinaSA) in line with the wider Group’sreporting standards. That is not easy
in a hyperinflationary economy, but
the process is now well established andworking efficiently.
“NOVOMATIC Austria consolidates
in IFRS, and UHY Macho has beenin charge of the migration frombusiness. They
have provided
an invaluable

contribution tot he company.

Argentinian GAAPs to IFRS, which it
has done successfully for both entities
and for the last three years,” says Mr.
Grous. “Now both local subsidiaries
are in line with Austrian reporting
standards and guidelines.”
UHY Macho is also in charge of theannual transfer pricing study, whichit completes for both subsidiaries
in Argentina.
The relationship between UHY Macho
and NOVOMATIC Argentina SRL can only
strengthen as they meet the challengesof 2021, including the effects of thepandemic. Mr. Fabián Grous is confident
for a future which many predict will
see the Argentinian economy returnto growth by 2022. “UHY Macho is
our trusted advisor, helping us face thechallenges of a very dynamic business.
They have provided an invaluable
contribution to the company.”
UHY IN THE ENTERTAINMENT SECTOR
Expert advice can deliver long-term
benefits for entertainment clientsand doubly so during the pandemic
when the entertainment businesslandscape has had to change andadapt so rapidly. Meanwhile ongoing
technology evolution continues to drivechanges in consumer behaviour andbuying patterns. As well as accountancy
services, many clients in the sector
use management consulting services
provided through UHY to address
specific projects or business needs.

12 UHY CAPABILITY STATEMENT 2021

THE NETWORK FOR
DOING BUSINESS• A global network of auditing,accounting, tax and consulting firms• Over 8,500 professionals innearly 330 business centres inover 100 countries• Commercially focused services
for clients with international
business interests• Comprehensive resources
and capabilities
AFGHANISTANUHY Shafiq Umar Daraz & Co Chartered
Accountants, Kabul
Contact: Muhammad Shafiq
Email: mshafiq@uhy-af.com
Website: www.uhy-af.com
ALBANIAUHY Elite sh.p.k, Tirana
Contact: Artan Xhiani
Email: info@uhy-elite.com
Website: www.uhy-elite.com
ANGOLA
UHY A Paredes e Associados-Angola
Auditores e Consultores, S.A., Luanda
Contact: Armando Paredes
Email: aparedes@uhyangola.com
Website: www.uhyangola.com
ARGENTINA
UHY Macho & Asociados,* Buenos Aires
Contact: Roberto Macho
Email: rmacho@uhy-macho.com
Website: www.uhy-macho.com
AUSTRALIAUHY Haines Norton
Contact: Michael Coughtrey
Email: mcoughtrey@uhyhnsyd.com.au
Website: www.uhyhn.com
Offices in: Adelaide, Brisbane*, Busselton, Dunsborough,Gladstone, Melbourne, Perth, Sunshine Coast, Sydney*
AUSTRIAUHY-Tax Wirtschaftstreuhand GmbH, Linz
Contact: Stephan Schlager
Email: office@uhy.at
Website: www.uhy.at
Also in: Horn, Salzburg, Vienna, Villach
AZERBAIJAN
UHY Audit LLC, Baku
Contact: Hashim Aliyev
Email: office@uhy-az.com
Website: www.uhy-az.com
BAHAMAS
UHY Bain & Associates, Nassau
Contact: Dr. John S. Bain
Email: john@uhy-bs.com
Website: www.uhy-bs.com
BAHRAINUHY El Sayed El Ayouty & Co,
Certified Public Accountants, Bahrain
Contact: Mohamed Alshayeb
Email: info@uhy-elayouty.com
Website: www.uhy-elayouty.com
BANGLADESHUHY Syful Shamsul Alam & Co, Dhaka
Contact: Syful Islam
Email: syful@ssacbd.com
Website: www.ssacbd.com
Also in: Chittagong

BELARUSUHY BusinessCollegia LLC, Minsk
Contact: Denis Kastsian
Email: audit@collegia.by
Website: www.collegia.by

DENMARK
inforevision, Copenhagen
Contact: Vibeke Düring Reyes Jensen
Email: vd@inforevision.dk
Website: www.inforevision.dk

BELGIUM
UHY-CDP Partners, Brussels
Contact: Chantal Bollen
Email: c.bollen@cdp-partners.be
Website: www.cdp-partners.be
Also in: Liège

DOMINICAN REPUBLICUHY Calderon Gonzalez & Asociados,
Santo Domingo
Contact: Arabellis Calderón González
Email: info@uhy.com.do
Website: www.uhy.com.do

BOLIVIA
Berthin Amengual Y Asociados Srl, La Paz
Contact: Hugo Berthin
Email: berthinlp@berthinamengual.com
Website: www.berthinamengual.com
Also in: Santa Cruz

ECUADORUHY Assurance & Services Cia. Ltda., Quito
Contact: Freddy Cevallos Bustamante
Email: f.cevallos@uhyassurance.ec
Website: www.uhyecuador.ec

BOSNIA AND HERZEGOVINARevident d.o.o., Mostar
Contact: Matko Knezevic
Email: matko.knezevic@uhy-ba.com
Website: www.uhy-ba.com
Also in: Grude, Sarajevo
BRAZILUHY Bendoraytes & Cia – Auditores Independentes*,São Paulo
Contact: Franklin Bendoraytes
Email: franklin.bendoraytes@uhy-br.com
Website: www.bendoraytes.com
Also in: Londrina, Rio de Janeiro
CANADAUHY Victor LLP, Montreal
Contact: Ken Shemie
Email: kshemie@uhyvictor.com
Website: www.uhyvictor.com
UHY Forbes Andersen LLP, Toronto
Contact: Paul Andersen
Email: paul@fa.ca
Website: www.forbesandersen.com
Also in: Milton
CHILE
UHY Guiñazú & Asociados SpA.,* Santiago
Contact: Ximena Guiñazú.
Email: xguinazu@uhy-cl.com
Website: www.uhy-cl.com
CHINA
ZhongHua Certified Public Accountants LLP,* Shanghai
Contact: Liqian Sun
Email: info@zhonghuacpa.com
Website: www.zhonghuacpa.com
Also in: Anhui, Beijing, Guangdong, Hangzhou, Henan,
Jiangsu, Shenzhen, Sichuan, Yunnan
COSTA RICA
UHY Auditores y Consultores, S.A., San José
Contact: Omar Pérez Rosales
Email: operez@uhy-cr.com
Website: www.uhy-cr.com
CROATIAUHY HB EKONOM d.o.o., Split
Contact: Helena Budisa
Email: split@uhy.hr
Website: www.uhyincroatia.com
UHY RUDAN d.o.o., Zagreb
Contact: Vedrana Miletić
Email: info@uhy.rudan.hr
Website: www.uhyincroatia.com
CYPRUSUHY Antonis Kassapis Limited, Nicosia
Contact: Antonis Kassapis
Email: uhy@uhy.com.cy
Website: www.uhy.com.cy
CZECH REPUBLIC
AUDITOR, spol. s r.o., Prague
Contact: Georg Stöger
Email: georg.stoeger@auditor.eu
Website: www.auditor.eu
Also in: Brno, Pelhrimov

EGYPT
UHY United For Auditing, Tax, Advisory& Financial Services, Cairo
Contact: Ahmed Hegazy
Email: info@uhy-united.com
Website: www.uhy-egypt.com
UHY Waled Mounir and Muhammad
Arafa, Alexandria
Contact: Waled Mounir
Email: info@uhy-eg-alex.com
Website: www.uhy-egypt.com
EL SALVADORUHY Asesores Y Consultores, S.A De CV., San Salvador
Contact: Bryan Pérez
Email: bperez@uhy-sv.com
Website: www.uhy-sv.com
FINLAND
TietoAkseli Audit Ltd, Jyväskylä
Contact: Mari Pöytäkangas
Email: mari.poytakangas@uhy.fi
Website: www.tietoakseli.fi
Also in: Helsinki, Ikaalinen, Mikkeli, Oulu, Pieksämäki,
Ruovesi, Tampere
FRANCEUHY GVA,* Paris
Contact: Emmanuel Gayte
Email: emmanuel.gayte@uhygva.com
Website: www.uhygva.com
Also in: Lille, Lyon, Marseille, Montpellier, Saint-Denis De La
Réunion, Toulouse
GEORGIAUHY LLC, Tbilisi
Contact: Guka Ubiria
Email: gubiria@uhy-ge.com
Website: www.uhy.ge
GERMANYUHY Deutschland AG*
Contact: Dr Ulla Peters
Email: berlin@uhy-berlin.de
Website: www.uhy-deutschland.de
Clostermann & Jasper Partnerschaft mbB, Bremen
Contact: Tobias Stuber
Email: info@clostermann-jasper.de
Website: www.clostermann-jasper.de
Also in: Hamburg
Dr. Langenmayr GmbH
Wirtschaftsprüfungsgesellschaft, MunichContact: Johannes Bitzer
Email: munich@uhy-deutschland.de
Website: www.dr-langenmayr.de
Dr. Leyh, Dr. Kossow & Dr. Ott KG, Cologne
Contact: Thomas Wahlen
Email: koeln@lko.de
Website: www.lko.de
Kullen Müller Zinser Treuhand GmbH, Stuttgart
Contact: Sebastian Otten
Email: stuttgart@uhy-deutschland.de
Website: www.kullen-mueller-zinser.de
UHY Lauer & Dr. Peters KG*, Berlin
Contact: Dr Ulla Peters
Email: berlin@uhy-berlin.de
Website: www.uhy-berlin.deAlso in: RostockUHY CAPABILITY STATEMENT 2021 13
UHY Wahlen & Mannsky, Frankfurt
Contact: Stephanie Mannsky
Email: stephanie.mannsky@uhy-ffm.com
Website: www.uhy-wahlen.de
GHANA
UHY Voscon Chartered Accountants, Accra
Contact: Henry Djangmah
Email: info@uhyvoscon-gh.com
Website: www.uhyvoscon-gh.com
UHY Godwinson (Chartered Accountants), Accra
Contact: Godwin Azasu
Email: info@uhygodwinson-gh.com
Website: www.uhygodwinson-gh.com
GREECEUHY Axon Certified Auditors S.A., Athens
Contact: Chris Antonopoulos
Email: info@axonaudit.gr
Website: www.axonaudit.gr
Also in: Crete
GUATEMALAUHY Pérez & Co,* Guatemala City
Contact: René Pérez Ordo’ñez
Email: rperez@uhy-perez.com
Website: www.uhy-perez.com
HONDURASUHY Auditores y Consultores, S.A., Tegucigalpa
Contact: Omar Pérez Rosales
Email: operez@uhy-hn.com
Website: www.uhy-hn.com
HONG KONG
Tai Kong CPA Limited,* Hong Kong
Contact: Robert Kong
Email: robertkong@tkcpa.com.hk
Website: www.tkcpa.com.hk
UHY Prime HK CPA Limited,* Hong Kong
Contact: Michael Tsang
Email: michaeltsang@uhy-hk.com
Website: www.uhy-hk.com
HUNGARY
Bergmann Accounting & Auditing, Budapest
Contact: László Hegedus
Email: laszlo.hegedus@bergmann.hu
Website: www.bergmann.hu
Also in: Szeged
INDIA
Chandabhoy & Jassoobhoy, Mumbai
Contact: Sunil Hansraj
Email: sunil@cnj.in
Website: www.cnj.in

ISRAELUHY Shtainmetz Aminoach & Co.,* Tel Aviv
Contact: Kobi Shtainmetz
Email: k@cpa.co.il
Website: www.cpa.co.il

MAURITIUS
UHY & Co., Moka
Contact: Dominique Samouilhan
Email: dsamouilhan@uhy.co.mu
Website: www.uhy.co.mu

ITALY
UHY Audinet Srl, RomeContact: Andrea D’Amico
Email: a.damico@uhyaudinet.com
Website: www.uhyaudinet.com
Also in: Florence, Padua

MEXICOUHY Glassman Esquivel y Cía S.C.,* Mexico City
Contact: Oscar Gutiérrez Esquivel
Email: oge@uhy-mx.com
Website: www.uhy-mx.com
Also in: Monterrey, Querétaro, Villahermosa

UHY Associati S.t.p.r.l. (Tax & Accounting), Milan
Contact: Sabino Dente
Email: s.dente@uhyassociati.com
Website: www.uhyassociati.com
FiderConsult Srl (Tax & Accounting), Florence
Contact: Simone Biagiotti
Email: s.biagiotti@uhyitaly.com
Website: www.uhyitaly.com
Also in: Milan, RomeJAPANUHY Tokyo & Co., Tokyo
Contact: Nobuyuki Hara
Email: info@uhy-tokyo.or.jp
Website: www.uhy-tokyo.or.jp
Also in: Kyoto, Nagoya
JORDANUHY Arab Auditors, Amman
Contact: Nabil Haddad
Email: nih@arabauditors.jo
Website: www.arabauditors.jo
KAZAKHSTANUHY SAPA-Consulting LLP, Almaty
Contact: Torebek Kurmanov
Email: office@uhy-kz.com
Website: www.uhy-kz.com
Also in: Aktobe, Astana, Atyrau, Shymkent, Ural’sk
KENYA
UHY Kenya, Nairobi
Contact: Daniel Kabiru
Email: dkabiru@uhy-ke.com
Website: www.uhy-ke.com
KOREA, REPUBLIC OFUHY Daeyoung Accounting Corp., Seoul
Contact: Sam Shin
Email: skshin@daeyoungcpa.com
Website: www.daeyoungcpa.co.kr
Also in: Incheon

Lodha & Co,* Kolkata
Contact: R.P. Singh
Email: rpsingh@lodhaco.com
Website: www.lodhaco.com
Also in: Chennai, Hyderabad, Jaipur, Mumbai, New Delhi

KUWAIT
UHY Pillars Advisory, Kuwait City
Contact: Wael Arafa
Email: wael@uhypillars.com
Website: www.uhypillars.com

INDONESIAKAP Hananta Budianto & Rekan, Jakarta
Contact: Venancia Wijono
Email: venancia@hananta.com
Website: www.hananta.com
Also in: Semarang, Surabaya

LEBANON
UHY Andy Bryan, Beirut
Contact: Elie Abboud
Email: beirut@uhy-lb.com
Website: www.uhy-lb.com

MOROCCOUHY Ben Mokhtar & Co, TangierContact: Mohamed Ben Mokhtar
Email: contact@uhy-benmokhtar.ma
Website: www.uhy-benmokhtar.ma
MOZAMBIQUE
UHY Auditores e Contabilistas Certificados,
Limitada, Maputo
Contact: Carlos Sitoe
Email: director.geral@uhy-mz.com
Website: www.uhy-mz.com
NEPAL
UHY Suvod Associates Chartered Accountants,
Kathmandu
Contact: Akash Suman
Email: akash@suvodassociates.com.np
Website: www.suvodassociates.com.np
Also in: Itahari
NETHERLANDS
Govers Accountants/Consultants,* Eindhoven
Contact: Paul Mencke
Email: mencke@govers.nl
Website: www.govers.nl
NEW ZEALAND
UHY Haines Norton (Auckland) Ltd,* Auckland
Contact: Grant Brownlee
Email: grantb@uhyhn.co.nz
Website: www.uhyhn.co.nz
Also in: Helensville, Kumeu
NICARAGUA
UHY Auditores y Consultores S.A, Managua
Contact: Omar Pérez Rosales
Email: operez@uhy-perez.com
Website: www.uhy-ni.com
NIGERIAUHY Maaji & Co, Lagos
Contact: Gabriel Idahosa
Email: info@uhy-ng-maaji.com
Website: www.uhy-ng-maaji.com
Also in: Abuja, Benin City, Ebutte Metta, Ejigbo,
Garki, Kaduna, Kano, Lokoja, Maiduguri, Owerri,Port Harcourt, Wuse, Yola
NORWAY
Revisorgruppen AS, Oslo
Contact: Kirsti Armann
Email: post@rg.no
Website: www.rg.no
Also in: Akershus, Åndalsnes, Arendal, Bergen, Drammen,
Førde, Kristiansand, Kvam/Norheimsund, Namsos, Sarpsborg,
Steinkjer

IRAN, ISLAMIC REPUBLIC OF
Hadi Hesab Tehran, Tehran
Contact: Hamid Reza Keyhani
Email: keyhani@hadihesab.com
Website: www.uhy-ir.com

LUXEMBOURG
UHY Finova S.àr.l., Luxembourg
Contact: Jürgen Fischer
Email: j.fischer@finova.lu
Website: www.uhyfinova.lu

IRELANDUHY Farrelly Dawe White Limited, Dundalk
Contact: Alan Farrelly
Email: alanfarrelly@fdw.ie
Website: www.fdw.ie
Also in: Balbriggan, Dublin, Newry

MALAYSIA
UHY,* Kuala Lumpur
Contact: Alvin Tee Guan Pian
Email: uhy-kl@uhy-my.com
Website: www.uhy.com.my
Also in: Johor Bahru, Penang

PAKISTAN
UHY Hassan Naeem & Co, Lahore
Contact: Ibne Hassan
Email: ibnehassan@uhy-hnco.com
Website: www.uhy-hnco.com
Also in: Islamabad, Karachi

ISLE OF MAN
UHY Crossleys LLC, Ballasalla
Contact: Andrew Pennington
Email: apennington@crossleys.com
Website: www.crossleys.com

MALTA
UHY Pace, Galea Musù & Co, Lija
Contact: David Pace
Email: djpace@uhymalta.com
Website: www.uhymalta.com

PANAMAUHY Botello & Marquez, Panama City
Contact: Diógenes Botello V.
Email: dbotello@uhy-pa.com
Website: www.uhy-pa.com

14 UHY CAPABILITY STATEMENT 2021
PARAGUAYUHY Consultoria Integral Del Mercosur, Coronel Oviedo
Contact: Miguel Vera
Email: cime@cime.com.py
Website: www.cime.com.py
Also in: Asunción, Ciudad del EstePERU
UHY Blancas Sandoval & Asociados, SAC,* Lima
Contact: Carlos Hugo Sandoval Zapata
Email: carlos.sandoval@uhy-bsa.com
Website: www.blancassandoval.com
Also in: Miraflores (Lima), San Borja (Lima), Surco (Lima)
PHILIPPINESUHY M.L. Aguirre & Co. CPAs,* Makati City
Contact: Michael Aguirre
Email: ask@mlaguirre.org
Website: www.mlaguirre.org
POLANDUHY ECA Group, Kraków’
Contact: Roman Seredynski
Email: roman.seredynski@uhy-pl.com
Website: www.uhy-pl.com’
Also in: Poznan,
Warsaw, Wroclaw, Zabrze
PORTUGAL
UHY & Associados SROC Lda, Lisbon
Contact: António Oliveira
Email: geral.lisboa@uhy-portugal.pt
Website: www.uhy-portugal.pt
Also in: Azores, Funchal, Porto
PUERTO RICOUHY Del Valle & Nieves PSC,* San Juan
Contact: Rafael Del Valle-Vega
Email: info@uhy-pr.com
Website: www.uhy-pr.com
QATAR
UHY Ammo & Co, DohaContact: Moomen Elsalawy
Email: inquiry@uhy-qa.com
Website: www.uhy-qa.com
ROMANIAUHY Audit CD S.r.l., Bucharest
Contact: Camelia Dobre
Email: camelia.dobre@uhy-ro.com
Website: www.uhy-ro.com
RUSSIAN FEDERATIONUHY Yans-Audit LLC,* Moscow
Contact: Nikolay Litvinov
Email: yans@uhy-yans.ru
Website: www.uhy-yans.ru
UHY EKA LLC, St. Petersburg
Contact: Elena Sedavkina
Email: mail@eccona.spb.ru
Website: www.eccona.ru
SAINT LUCIA
UHY A.P. Walcott and Associates, Castries
Contact: Anthony Walcott
Email: walcottap@gmail.com
Website: www.apwalcott.com

SEYCHELLES
UHY Premier Financial Services Limited, Mahé
Contact: Vimal Damry
Email: vimal@premier-seychelles.com
Website: www.premier-seychelles.com
SINGAPORE
UHY Lee Seng Chan & Co,* Singapore
Contact: Sen Choon Lee
Email: info@uhylsc.com.sg
Website: www.uhylsc.com.sg
SLOVAK REPUBLIC
AUDITOR SK s.r.o., Bratislava
Contact: Georg Stöger
Email: georg.stoeger@auditor.eu
Website: www.auditor.eu
SLOVENIA
UHY d.o.o., Ljubljana
Contact: Franci Žgajnar
Email: uhy@uhy.si
Website: www.uhy.si
SOUTH AFRICA
UHY Hellmann (SA), Johannesburg
Contact: Carlos Pedregal
Email: carlosp@uhy.co.za
Website: www.uhy.co.za
SPAIN
UHY Fay & Co,* Marbella
Contact: Bernard Fay
Email: bfay@uhy-fay.com
Website: www.uhy-fay.com
Also in: Barcelona, Madrid*, Malaga, Santa Cruz Tenerife,
Santander, Santiago de Compostela
SRI LANKA
UHY Centra Management Associates, Colombo
Contact: Ismath Abdul Sathar Mohamed
Email: asmismath@uhycentra.com
Website: www.uhycentra.com
Also in: Kandy
SWEDEN
Revisorerna Syd, Malmö
Contact: Rolf Nilsson
Email: info@revisorernasyd.se
Website: www.revisorernasyd.se
Winthers Revisionsbyrå AB, Stockholm
Contact: Ragnar Santesson
Email: info@winthers.se
Website: www.winthers.se
SWITZERLAND
Balmer-Etienne AG, Luzern
Contact: Stefan Wigger
Email: info@balmer-etienne.ch
Website: www.balmer-etienne.ch
Also in: Stans, ZürichTAIWANUHY L&C Company, CPAs, Taipei
Contact: Lawrence Lin
Email: lawrencelin@uhy-taiwan.com.tw
Website: www.uhy-taiwan.com.tw

SAUDI ARABIAUHY Abdul Jabbar Certified Accountants
and Consultants Office, Jeddah
Contact: Elsayed Elboussery
Email: elboussery@uhy-sa.com
Website: www.uhy-sa.com
Also in: Riyadh

THAILANDUHY Yongyuth Accounting
and Son Co., Ltd., Bangkok
Contact: Panit Mokarakorn
Email: panityas@uhy-th.com
Website: www.uhy-th.com

SERBIAUHY REVIZIJA d.o.o., BelgradeContact: Jasmina Macura
Email: ekirevizija@uhy-ekirevizija.rs
Website: www.uhy-ekirevizija.rs

TUNISIAUHY CNBA, Tunis
Contact: Raoudha Ben Abdelkrim
Email: r.trojet@uhy-cnba.com
Website: www.uhy-cnba.com

TURKEYUHY UZMAN Sworn in CPA andIndependent Auditing Inc., Istanbul
Contact: Şenol Çudin
Email: uzman@uhy-uzman.com.tr
Website: www.uhy-uzman.com.tr
Also in: Ankara, Istanbul, Izmir
UGANDAUHY Thakkar & Associates, Certified Public
Accountants, Kampala
Contact: Sam Thakkar
Email: sam@uhy-ug.com
Website: www.uhy-ug.com
UKRAINE
UHY Prostor Ltd, Kiev
Contact: Alexander Koinov
Email: a.koinov@uhy-prostor.com
Website: www.uhy-prostor.com
UNITED ARAB EMIRATESUHY James Chartered Accountants, Dubai
Contact: James Mathew
Email: james.mathew@uhy-ae.com
Website: www.uhy-ae.com
UNITED KINGDOMUHY Hacker Young,* London
Contact: Subarna Banerjee
Email: london@uhy-uk.com
Website: www.uhy-uk.com
Also in: Abergavenny, Ashford, Belfast, Birmingham*,Brighton & Hove, Bristol, Broadstairs, Cambridge, Chester,
Huntingdon, Letchworth, Manchester*, Newport,
Nottingham, Sheffield, Sittingbourne, Winchester, YorkUNITED STATESUHY Advisors, Inc., Farmington Hills, Michigan
UHY LLP,* New York
Contact: Michael Mahoney
Email: mmahoney@uhy-us.com
Website: www.uhy-us.com
Also in: Albany (New York), Ann Arbor (Michigan), Atlanta(Georgia), Catskill (New York), Columbia (Maryland), Detroit(Michigan), Farmington (Connecticut), Farmington Hills(Michigan), Houston (Texas), Hudson (New York), Kansas
City (Missouri), Kingston (New York), Long Island (New
York), Miami (Florida), New York City (New York), Orange
County (California), Port Huron (Michigan), Rye Brook (New
York), Saratoga Springs (New York), St Louis (Missouri),
Sterling Heights (Michigan), Woodland Hills (California).
UHY LLP is a licensed independent CPA firm that performs
attest services through an alternative practice structure with
UHY Advisors, Inc. and its subsidiary entities. UHY Advisors,
Inc. provides tax and business consulting services throughwholly owned subsidiary entities that operate under thename of “UHY Advisors”.
URUGUAYUHY Gubba & Asociados,* Montevideo
Contact: Hugo Gubba
Email: info@uhygubba.uy
Website: www.uhygubba.uy
UZBEKISTANUHY Tashkent LLC, Tashkent
Contact: Sarvarkhon Karimov
Email: s.karimov@uhy-uz.com
Website: www.uhy-uz.com
Also in: Khorezm, Navoi
VENEZUELAUHY Servicios Legales & Tributarios, S.C., Caracas
Contact: Luis Sotillo
Email: l.sotillo@uhy-ve.com
Website: www.uhy-ve.com
Also in: Puerto Ordaz, Valencia*
VIETNAMUHY Auditing & Consulting Co. Ltd., Hanoi
Contact: Thanh Nguyen
Email: thanhnt@uhyvietnam.com.vn
Website: www.uhy.vn
Also in: Ho Chi Minh CityZAMBIA
UHY AMO Certified Public Accountants, Lusaka
Contact: Dion Banda Dault
Email: d.banda@uhy-amocpa.com
Website: www.uhy-amocpa.com* UHY firms asterisked signifies that they are registered with the Public Company Accounting Oversight Board (PCAOB). They are enabled under section 102 of the US Sarbanes-Oxley Act 2002 to
prepare or issue audit reports on US public companies and their subsidiaries abroad. Under section 103 of the Act, the PCAOB has established auditing and related attestation quality control, ethics
and independence standards, and rules to be used by registered public accounting firms, in the preparation and issuance of audit reports.

UHY CAPABILITY STATEMENT 2021 15

OUR COMMITMENTTO QUALITY

UHY SERVICES
UHY member firms offer the following
services:

CORPORATE SERVICES• CORPORATE RECOVERY & INSOLVENCY,
including: debt collection, corporate
turnaround, asset protection or
repossession, or implementing goodmanagement practices, refinancing,valuations, debt management, insolvency
planning, personal liability protection.
•C ORPORATE TAX, including: direct
taxation and indirect taxation,international tax such as tax-efficient
structures for international expansion
and cross-border ventures, transnationalgroup structuring, VAT returns andadvice, tax consultancy and transfer
pricing.

Not all of the services described in thispublication are provided by every UHY
member firm. The provision of some services• FORENSIC ACCOUNTING & LITIGATION
may be restricted in some areas depending
SUPPORT, including: litigation support,
on local legislation.
valuations, economic damages, fraud• AUDIT & ASSURANCE, including: statutory evaluations, criminal proceedings andmoney laundering issues.
audit, internal reviews, compilation andreview of financial statements including• FUND SERVICES, including: fundcompliance with International Financial
Reporting Standards (IFRS), special purpose establishment and administration.
and international audits.
• LEGAL, including: tax law, labour law, etc.
• BUSINESS ADVISORY & ACCOUNTING,• INTERNATIONALISATION, including:including: accounting and bookkeeping,business contact introductions, local
outsourcing, business plans andindependent business reviews, businessregulatory requirements and businessvaluations, financial planning and control,
etiquette, local business tax environment,
reviewing management reporting systems,
business structuring and compliance,company formations and company
personal taxation, recruitment and labour
secretarial services including appropriate
law consultancy, transfer pricing, customs
commercial and tax-efficient structures forand other fiscal areas.
international expansion and cross-borderventures, trusts and foundations, pension • M
 ANAGEMENT CONSULTING
funds, charitable and philanthropic& SOLUTIONS, including:
structures, interim finance & management, internationalisation of businesses,
payroll administration, employee benefits
human resources and recruitment
and business systems.
services, information technology andsoftware solutions.
•C ORPORATE FINANCE, including: strategic
business advisory services, businessvaluations, due diligence, transactional
services (acquisitions, mergers, disposals,
MBOs, IPOs) across all industry sectors and PRIVATE CLIENT SERVICES
geographies, restructuring, exit strategies
and startups.
• CORPORATE GOVERNANCE & RISKMANAGEMENT, including: corporate
governance, risk management andconsulting including Sarbanes-Oxley
compliance services.

Key services include: wealth management
for individuals and families, income tax andcapital gains tax planning, international tax
planning for expatriates and migrants,
non-domicile status, trust services &management, inheritance planning.
& management, inheritance planning.

Quality is one of UHY’s main values –
because it is so very important to us we
strive to achieve this in everything we do.
Each of our independent member firms
has signed a Quality Charter committing
to the adoption and achievement of
performance and service objectives
considered essential to delivering thisquality promise to clients.
The expectations we have of our member
firms are benchmarked to recognised
international professional standards. We
set specific quality goals and expectations
for our independent member firms tomeet, covering areas such as client service
efficiency and relationship management,
professional work standards, depth andbreadth of products, services andgeographical coverage. Collectively, they
represent our aim to provide clients withconsistent, seamless, professional andtimely cross-border services.
Our member firms are evaluated annually
against UHY’s quality expectations,allowing us to assess our performanceand outcomes, and look for new ways toimprove further. We focus on quality
through:
•
•
•
•

•

•

Leadership
Client acceptance procedures
Full membership of the Forum of Firms
Compliance with ethical obligations
set out by the International Federationof Accountants in its global standard,
Code of Ethics for Professional
Accountants
Human resources policies andprocedures, such as educationand training
And, of course, quality control
procedures in accordance withinternationally-recognised standards.

It is our belief in quality as a value and thesuccessful implementation of that value
across all our service areas that make our
network even more dedicated to quality
than other networks.

LET US HELP YOU ACHIEVE FURTHER
BUSINESS SUCCESS
To find out how UHY can assist yourbusiness, contact any of our member
firms. You can visit us online atwww.uhy.com to find contact details
for all of our offices, or email us at
info@uhy.com for further information.

UHY is an international network of legallyindependent accounting and consultancy
firms whose administrative entity is
Urbach Hacker Young International
Limited, a UK company. UHY is the brandname for the UHY international network.
Services to clients are provided bymember firms and not by Urbach Hacker
Young International Limited. Neither
Urbach Hacker Young International
Limited, the UHY network, nor any
member of UHY has any liability forservices provided by other members.
Published 05/21© 2021 UHY International Ltd

www.uhy.com