CAPABILITY STATEMENT 2020

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.
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.

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.bhworldwide.com

www.dolphlundgrenofficial.com

www.ejaf.org

www.eteaminc.com

Group
www.olmix.com

www.viatec.pl

UHY CAPABILITY STATEMENT 2020 3

FROM RICK DAVIDUHY Chairman
I am delighted to present the 2020 UHY Capability Statement, my first as UHY’s chairman.
Through 2019 I have had the privilege of overseeing the growth of our international network
as it develops in line with our clients’ ever more sophisticated needs. This progress continues
in 2020 as we rise to the challenges posed by new regulations and the opportunities offeredby new technologies.
Businesses and professional advisors alike have had plenty to keep them awake at night inrecent times. Increasing political and economic uncertainties continue to cast a shadow overinternational trade but I am confident that our network is facing this future in great shape,
thanks to the excellent working relationships our member firms have with their clients.
This has always been a differentiator for UHY. Alongside quality, one of our key tenets isworking together, not only with clients but also between every member firm in the network.
In this way, we strive to provide world-class service, delivered consistently and seamlessly
across borders. Our member firms currently operate in over 300 business centres across morethan 100 countries, and more locations are being added all the time – nationally through thestrong organic growth of incumbent firms; and internationally through the careful selection
and appointment of new member firms, which share the same commitment to quality andthe client-led values that define the UHY culture. It means we can keep pace with our clients’global ambitions now and in the future, without compromise.
In this edition of the UHY Capability Statement, we present examples of working closely andsuccessfully with clients large and small, across a variety of sectors with all their attendantissues and challenges. From a Hollywood legend, a world-famous charity and an ambitious
European renewables business to an award winning aerospace logistics specialist, a global
recruitment enterprise and a food-for-the-future biotech venture, I hope we provide someinsight into what makes our client relationships tick.
They are a tiny representation of the many thousands of client assignments that our member
firms across the world deliver each year, but they do serve to illustrate UHY’s collaborative
approach, the deep client relationships we nurture and the way our member firms support
cross-border client needs. But perhaps most importantly of all they are also testimonials –what our clients value, in their own words.
I would like to thank you for reading this publication, which includes a useful directory of all
our member firms and also a reminder of the breadth of services they provide. Please do nothesitate to contact me or any of our listed international contact partners if you would like todiscuss ways in which we might be of service.

Best wishes
Rick David4 UHY CAPABILITY STATEMENT 2020

Dolph’s relationship

DOLPH LUNDGREN

wit h Bernard Fay

SECTORand his team at

MEDIA & ENTERTAINMENTUHY Fay & Co is

REGIONEUROPE

Dolph Lundgren was born in Sweden
but now lives in Los Angeles, US.
He has been an actor, screenwriter,
producer and director since 1985, in
which time he has been involved inover 70 motion pictures for film andtelevision. Highlights of his career
include playing Ivan Drago in RockyIV alongside Sylvester Stallone,
appearing in the James Bond movie,
A View to a Kill and working withactors such as George Segal, Keanu
Reeves, Jean-Claude Van Damme,
Micky Rourke, Bruce Willis and Arnold
Schwarzenegger. On top of his
work in the entertainment industry
Dolph is an astute businessman
and a chemical engineer who wasawarded a Fulbright scholarshipto go to Massachusetts Institute ofTechnology (MIT) to do his PhD in
Chemical Engineering.
CHALLENGE
As Dolph Lundgren’s career progressed
he found he was spending a lot of time
travelling and acquiring properties
in Spain, Sweden and US. He needed
specialised tax and business advice tocoordinate his new commercial activities
and he wanted the security of knowingthat his business affairs would bemanaged by one network with a strong
global reach. Having previously worked
with a single local accountancy firm he
was keen to develop a relationship witha network that could introduce him tomember firms wherever he was building apresence around the world.
SOLUTION
Enjoying strong personal relationships
with his advisors is important to Dolph
and having been introduced by a
Swiss banker to Bernard Fay, former
chairman of UHY and joint managing
partner, UHY Fay & Co, Marbella, Spain,
20 years ago, he knew that he and hiscolleagues represented the best firm

proof t hat it ispossible to combinea serious commercial
relationship wit ha strong bond offriendship andmutual interests.

to support him. In the last two decades
Bernard has helped Dolph build his
property portfolio, take advantage ofinternational film opportunities andsecure his financial future. More recently,
Bernard introduced Dolph to Andrea
D’Amico, audit & assurance partner, UHY
Advisor SRl (Tax & Accounting), Rome,
Italy, to discuss a film project which isstill in progress. According to Dolph,“Andrea provides a very personal levelof service and care which is what I havecome to expect from UHY.”
UHY Fay & Co also supports Dolph
internationally in collaboration withhis renowned Swedish lawyer, Mr Björn
Rosengren. Bernard describes his firm’s
relationship with the Swedish legal teamas ‘close and very positive’.
RESULT
Dolph’s relationship with Bernard
and his team at UHY Fay & Co is
proof that it is possible to combine aserious commercial relationship with astrong bond of friendship and mutualinterests. Dolph is a karate champion
and Bernard has been practising thesame martial art for many years. They
train together at Bernard’s dojo with
Sensei Gustavo Reque 7th Dan when
Dolph visits Marbella.
“It is a rare thing in business, but wehave a very natural understanding ofeach other and it is always a pleasure
to work with him,” says Dolph. “Heunderstands my sometimes complex
cross-border lifestyle and the challenges
that brings, and he and his teamwork hard to help me maximise
all opportunities.
“I have never received such exceptional
tailor-made service, tax and corporate
advice. Bernard and his team arealways responsive, courteous andsolutions-oriented. Nothing is ever too
much trouble for them and I call myrelationship with Bernard a very goodfriendship now. Long may this continue.
I trust him entirely.”
UHY IN THE MEDIA & ENTERTAINMENTSECTOR
Specialist personal tax planning andwealth management are increasingly
complex areas where expert advice candeliver significant long-term benefits forclients in sports, media, entertainment
and, of course, many other industries.
Our focus on open and trusting
relationships means many individuals,
owner-managers, directors and senior
executives rely on UHY member firms
to help protect their personal wealthand plan their financial future. Expert
teams across the UHY network provide
personalised advice covering all aspectsof personal tax, wealth management
and estate planning.

UHY CAPABILITY STATEMENT 2020 5

ELTON JOHN AIDSFOUNDATION (EJAF)The UHY team ha d t he exper tise and experience

SECTOR

were immediately impressed by t heir ent husiasm.

NOT-FOR-PROFIT

to help EJAF move forward and our trustees

REGIONUS, EUROPE

in New York, have successfully carriedout audits of both EJAF UK and EJAF
US. They have also supported EJAF UK
through the government’s Making Tax
Digital programme and they offeredspecialist VAT advice for an event which
took place in France.

The Elton John AIDS Foundation (EJAF), is
one of the world’s foremost independent
charities working to support people
affected by, or at risk of, HIV or AIDS.
The organisation, which has operations
in both the UK and the US, is supported
by many high-profile and internationallyrenowned patrons and trustees, frommusicians like Sting and Annie Lennox,
to tennis legend Billie Jean King. The
fourth largest philanthropic funderof global HIV grants, as of 2018 it has
raised over USD 400 million to support
HIV-related programmes across Africa,
Asia, the Americas and Eastern Europe.
In that same year the turnover of EJAF’s
combined entities was USD 28.5 million(GBP 21.5 million).
CHALLENGE
In 2017, after seven years working
with the same auditor, and following
recognised good practice, EJAF’s UK
arm undertook a review and tender
process. Fiona Russell, global financedirector at EJAF, says, “Having worked
with the same auditor for several years,
and despite getting a very good service,
we felt it was time to see what othernetworks could offer. We invited several
auditors, including the incumbent
firm, to submit tenders. We focused on
networks that offered experience withcharity accounts and grant foundations
and, due to the consolidation of our UK
and US operations, we wanted to findan audit partner who could offer us a
global service. We did not consider oneof the Big Four networks.”
SOLUTION
According to Fiona, the presentation
by UHY Hacker Young, London audit
partners, Subarna Banerjee and Daniel
Hutson was extremely good. “We were
impressed by the fact that UHY Hacker
Young was a larger firm with moreexperience in giving specialist advice
about VAT, not-for-profit organisations

Fiona says, “Working with Subarna andhis team has made the year end audit
efficient, smooth and straightforward.
Despite the Board meeting date moving
forward by a few weeks, both the US
and the UK financial statements wereready in time for sign-off. Subarna, as
our main contact, is always extremely
helpful and responsive. We look forward
to building on our already strong
partnership which has a great culturaland commercial fit.”

and other queries, plus the fact that we
could use the same network to build a
relationship with UHY member firms
in the US for the audit of EJAF there –which is something we acted on very
quickly when Subarna put us in touchwith Michael Burke, audit partner at
UHY LLP, New York, US.
“The UHY team had the expertise andexperience to help EJAF move forwards
and our trustees were immediately
impressed by their enthusiasm.”
RESULT
Since their engagement in 2017, UHY
Hacker Young in London and UHY LLPUHY IN THE NOT-FOR-PROFIT SECTOR
UHY member firms have extensive
experience of working with a wide
range of not-for-profit organisations
including charities, educational
institutions and trade unions.
We understand that the main focus ofclients is on those who benefit fromtheir services but also that they needto operate within tightly controlled
finances subject to public scrutiny.
With increased competition for grantfunding and charitable giving anda greater burden of compliance,
our member firms help ensureorganisations are efficiently managed
to deal with the challenges.

6 UHY CAPABILITY STATEMENT 2020

ETEAM
SECTORRECRUITMENT & MANAGEDSERVICESREGIONEUROPE, AMERICAS, ASIA
eTeam is a recruitment, talentmanagement and consulting businessbased in New Jersey, US, with an operationthat increasingly spans the globe. The
business finds, nurtures and connects
exceptional people with some of theworld’s foremost blue-chip companies.
The group of firms operated by eTeam,
including (since its acquisition in 2017)
specialist insurance sector recruiter Darwin
Rhodes, posted combined revenues of USD
140 million in 2018.
Alongside the US, the business owns
companies in Canada, Germany, Hong
Kong, India, Ireland, Malaysia, theNetherlands, the Philippines, Poland,
Singapore, Switzerland and the UK. There
are more than 20 companies in the wider
eTeam group, connected by a corporate
structure based on intercompany
shareholdings and trusts held by founder
Bipin Thakur and his family.
THE CHALLENGE
eTeam is an international recruitment
specialist with an eye for the next global
opportunity. The kinds of companies it
deals with tend to have operations thatcross international borders. To properly
serve its blue-chip clients, the businessneeds to have a global presence and, toachieve this, eTeam has expanded into
13 countries to date. Global CFO Jag
Balakrishnan says it will not stop there:“We still have plans to open companies
in more countries, especially in EMEA,South America and the APAC region,in the future.”eTeam first worked with UHY Hacker
Young in 2017 when the company
acquired Darwin Rhodes. Stuart
Hutchison and his team at the UK
member firm’s Letchworth Garden City
office specialise in the recruitment sector
and were group auditors and advisors for
the British company. They were invited
to tender for the work under the newownership regime and won the contract.
The acquisition of Darwin Rhodes
brought with it subsidiaries in
Switzerland and Hong Kong. At thesame time, eTeam was contemplating
further international opportunities. The
challenge for UHY Hacker Young was tosimplify the new eTeam group structure
in a way that would maximise tax
efficiencies, and make it easier to secure
further cross border expansion.
THE SOLUTION
With the acquisition of Darwin Rhodes,
eTeam effectively created two groups
with separate tax arrangements. One
of Hacker Young’s early tasks was toamalgamate these separate entities
and simplify the group’s tax liability.
“When eTeam acquired the Darwin
Rhodes Group, it added a numberof trading and non-trading foreignsubsidiaries. It made sense to consider
how this group would fit in to theexisting eTeam business as the two parties
were initially separate,” says Stuart.
“Having encouraged eTeam tocontemplate the commercial impactof a simplification of the two group

The services offeredby UHY member firms
are comparable

wit h t hose of a Big
Four firm, but at

a more competitive
cost – t hey

genuinely provide true
value for money.

structures, we moved on to the group’s
tax position. We discussed how small
improvements in the centralisation of
support functions, combined with betteruse of group tax losses, could generate
more revenue and greater cash flows in
an expanding business.”
With these improvements in place, eTeam
was in a better position to consider
other international opportunities. But tosuccessfully expand across borders, thegroup needed to navigate a diverse rangeof tax regimes, financial regulations
and business cultures to create the mostefficient corporate structure in eachlocation. It has now done so with the helpof UHY’s global network.
Stuart says: “eTeam’s vision involves
expanding their service offering andbusiness model in to various worldwide
jurisdictions. Knowing our internationalreach, they asked me to introduce themto colleagues scattered around theglobe, as set out in their business plan.”Stuart reached out to the network, andeTeam has so far been referred to UHY
Lauer & Dr. Peters KG, Germany; UHY
Farrelly Dawe White Limited, Ireland;
UHY in Malaysia; Govers Accountants/
Consultants, Netherlands; UHY M.L.
Aguirre & Co. CPAs, Philippines; UHY Lee
Seng Chan & Co, Singapore and BalmerEtienne AG, Switzerland.
Local UHY member firms have beenon hand to help the business comply
with national and regional regulations

UHY CAPABILITY STATEMENT 2020 7

and create the most cost-effective
corporate structure for local conditions.
In the Philippines, for example, UHY
M.L. Aguirre & Co. CPAs first received areferral enquiry from Stuart in August
2018, and has since performed a rangeof tasks relevant to the creation ofeTeam’s subsidiary in the country. They
include incorporation, accounting and tax
filing, payroll services, audit and various
mandatory government accreditations.
In Ireland, eTeam’s local subsidiary has
only recently been established. UHY
member firm UHY Farrelly Dawe White
Limited is already involved, registering
the business for relevant taxes anddealing with regulatory requirements.
In the future, the firm will be handling
payroll and ongoing tax matters.
At this stage, eTeam has especiallybenefited from the UHY network’s
expertise in local regulations surrounding
company formation. “eTeam arevery much in the early stages of thisexpansion,” Stuart says. “Most member
firms have been responsible for forming
local companies and advising the clienton the compliance and tax requirementsin the member firm’s country.”
THE RESULT
UHY’s joined-up approach has createdconcrete benefits for eTeam, as Jag
explains: “Working with UHY member

firms has allowed us to achieve tax
planning at a global level – we continue
to restructure to achieve efficiency bylowering taxes and taking advantage of tax
benefits in the UK and across the globe.
“Wherever eTeam has needed theservices of a UHY member firm – whether
it is in the UK, Singapore, Germany, India
or elsewhere – the network has always
found a team with the experience andexpertise to help the business make themost of every opportunity,” says Jag.
“They have helped us to achieve higher
profitability and business growth byoffering timely advice on corporate
restructuring, efficient tax planningand providing other advisory services
as needed. The senior partners andemployees of UHY’s member firms
are experienced and knowledgeable
professionals and can be relied upon for
their expert advisory services.”“Partnering with multiple UHY member
firms was not initially part of the plan.
eTeam carried out full due diligence ineach territory it moved into, consideringvarious local accountancy firms before
coming to an informed decision.”“We ended up selecting the UHY
member firm in each country,” he says.
“That is because UHY is a fairly large
network with expertise in multiple

areas that are important to us, such as
taxation, audit, specialised consulting,corporate restructuring and various
other services.”“In my mind the services offered by
UHY member firms are comparablewith those of a Big Four firm, but at amore competitive cost – they genuinely
provide true value for money,” says Jag.
eTeam’s global expansion willcontinue, and the blue-chip staffing
specialist wants UHY to be part oftheir team throughout the journey.
“We want UHY to be our global
provider so we will eventually be
replacing our current partners acrossall countries where we do not yet use
their local member firms. Every time
we expand UHY will be our first portof call. We value our relationshipwith them and we feel truly valued
as a customer.”
UHY IN THE RECRUITMENT &MANAGED SERVICES SECTOR
Because UHY member firms provide
management consultancy and peoplebased solutions across the world, they
understand the needs of this sector
and are therefore well positioned
to advise on a global level. Theirexpertise in the internationalisationof businesses and recruitment services
is world-class.

8 UHY CAPABILITY STATEMENT 2020

VIATECSECTOR

RENEWABLE ENERGYREGION

EMEA

Viatec is a business that is flourishing in
the wake of Europe’s booming demand
for sustainable energy. The company
constructs and maintains wind turbines
for onshore wind farms, offering aturnkey service that includes the on-site
installation and servicing of tower sections,generators, blades and cabling works.
Based in the city of Poznań in Poland,
Viatec posted revenues of around USD 24
million in 2018, and employs 28 people. It
now operates in seven European nations,from Sweden to Croatia.
CHALLENGE
The need to generate energy fromwind has created a vibrant industry
across much of Europe, and countries
such as Germany, Denmark and the
UK have forged ahead in the designand construction of both offshore andonshore wind farms. The industry isbacked by decades of thorough researchand development, and friendly EU andlocal regulations are in place to support
its rapid expansion. For those reasons,wind energy is likely to dominate theEuropean renewable energy mix for theforeseeable future, ahead of alternative
power sources like wave and solar.
But until recently Poland lagged behind.
The country lacked the necessary skills
and infrastructure to fully exploit thismost infinite of natural resources. Viatec
was founded with a goal to lead windenergy generation efforts in Poland,by constructing and maintaining windturbines for onshore wind farms. It
quickly realised that the domestic market
alone would not be enough to meet its
ambitious targets.
Viatec financial director Olga Kaźmierska
says: “The strategy of Viatec was tobuild competence and presence inforeign markets. And that meant
there was a natural requirement fora professional accountancy firm witha wide EU network, alongside tax
advisory competencies and a thoroughunderstanding of high-growth SMEs.”
Viatec’s goal is to provide its turnkey
onshore wind generation service
to markets across Europe, before
looking further afield in the future.
An Initial Public Offering (IPO) will
also be considered.

“We have been recommended by UHY
ECA to a number of UHY member firms,”
says Olga. “We can always count on a fullexchange of information and detailed
discussions between UHY ECA and local
UHY member firms in each location toarrive at the final solution for Viatec.”
UHY member firms have assisted thecompany in complying with bothcustomer requirements and local
regulations, helping to put Viatec’svision into practice.

SOLUTION
Viatec considered several competing
accountancy firms before partneringwith UHY’s Polish member firm, UHY
ECA, represented by partner Piotr
Wozniak and his team. UHY ECA’s
expertise, network connections andexperience of helping other high-growth
SMEs were crucial factors in the decision.
“We know Piotr Woźniak and UHY ECA
in Poland have a good reputation for
tailoring services for SMEs, and it also
provides audit services for a number oflisted companies,” says Olga. “It has also
been extending its range of services,which makes it convenient for us towork with one advisor familiar with bothcompany and branch-specific issues.”

The most impor tant t hing as far as Viatec
is concerned, is UHY’s ability to expand

wit h t hem and offer t he same excellent

level of service in so many places aroundt he wor ld. This is t he true essence of t heinternational networ k.

UHY ECA provides accountancy, auditing
and business advisory services to Viatec,
and its central position in a highly
connected network has also proveninvaluable. With the help of the wider
UHY network, coordinated by UHY
ECA, Viatec has been able to fulfil its
ambition to quickly forge a presencein burgeoning wind turbine markets
across Europe.

RESULT
Viatec’s partnership with UHY, alongside
its own expertise and determination, hasseen business operations spread quickly
across the continent. The company
moved into Germany in 2016 andBelgium in 2017, assisted by UHY Lauer& Dr. Peters KG in Berlin and UHY-CDP
Partners in Brussels.
Having proven, without question, that amarket for its products and services existed
beyond Polish borders, 2018 was a yearof significant planning and growth for
Viatec. In a single year UHY ECA referred
Viatec’s enquiries to several other UHY
member firms – UHY GVA, France; UHY
Fay & Co, Spain; Winthers Revisionsbyrå
AB, Sweden; Revisorgruppen AS, Norway;

UHY CAPABILITY STATEMENT 2020 9

UHY BusinessCollegia LLC, Belarus; UHY
LLC, Georgia and Govers Accountants/
Consultants, the Netherlands. Later, UHY
TietoAkseli, Finland was also involved.
As Viatec explores further possibilities
for cross-border expansion, it has also
held preliminary communications withother UHY member firms including UHY
Audit CD S.r.l., Romania and UHY UZMAN
Sworn in CPA and Independent Auditing
Inc., Turkey.
In every case, says Olga, Viatec hasreceived the same excellent level ofservice. She praises member firms’
comprehensive understanding of theneeds of high-growth SMEs.

We rely on t he quality
and accuracy oft he services UHY

member firms provide
when considering

approaching new
mar kets wit h
our services.

“We know there will always be athorough knowledge regarding
accounting, audit, tax and businessadvisory, alongside a thoroughunderstanding of the nature of SMEs
and the flavour of a high-growthcompany. Importantly, there is also
the ability to see and consider issues
in perspective,” says Olga.
“UHY has helped us achievecompliance – with regard to bothcustomer requirements and local
regulations – and has aided ourability to grow the business overseas.
I would describe UHY as a trusted
partner for high-growth companies
like us.”
Piotr believes UHY’s network has been
key to the success of the relationship.
“I know that Viatec is highly satisfied
with the service it receives from us
and they remain excited about theirpartnership with UHY,” he says. “Thecompany knows it can always expect
deadlines to be met, to get the
support it needs and to always havedirect contact with UHY experts.
“But the most important thing as
far as Viatec is concerned, is UHY’s
ability to expand with them andoffer the same excellent level ofservice in so many places around theworld. This is the true essence of theinternational network.”

Viatec’s pioneering attitude tointernational expansion is unlikely
to end there, and the company isconsidering a move beyond Europe’s
borders. UHY member firms are on handto help the company’s integration into
local markets around the world.
“We rely on the quality and accuracyof the services UHY member firms
provide when considering approaching
new markets with our services,” says
Olga. “We are encouraged to see theongoing development of the UHY
global network – the recent additionof an Iranian member firm, Hadi Hesab
Tehran, for example – as we lookforward to further expansion.”
UHY IN THE ENERGY & RENEWABLES
SECTOR
From onshore wind and solar power
to upstream oil and gas exploration,
our member firms work withmany leading players across theenergy spectrum. With rising global
demand for energy and growing
environmental pressures, the sector
is at the top of both corporate andgovernment agendas.
UHY member firms currently work withbusinesses involved at every stage ofenergy generation and distribution,
helping them to maximise opportunities
and comply with ever-greater
regulatory challenges.

10 UHY CAPABILITY STATEMENT 2020

B&H WORLDWIDE (B&H)
SECTORAEROSPACE LOGISTICSREGION

ASIA-PACIFIC, EUROPE, AMERICASIn 1988 B&H Worldwide set up as
a freight management company,
principally serving the aerospaceindustry. Now dedicated to supporting
aerospace companies, the B&H Group
provides time-critical freight andmanagement solutions to airlines, MROs
(maintenance, repair and overhaul
providers) and component suppliers.
So successful are those solutions that in2017, B&H Worldwide received the awardof Best-in-Class Global Aerospace Logistics
Company, from the Global Institute of
Logistics, followed in January 2018 byanother prestigious award from the
British International Freight Association(BIFA), in the Supply Chain Management
category. By combining first class service
with technology, B&H has positioned
itself as a clear market leader.
CHALLENGE
B&H first engaged UHY Lee Seng Chan
& Co, Singapore in 1999. “We wereappointed as the statutory auditors aswell as the agent for filing of income
tax returns,” says senior partner, Lee
Sen Choon.
“For 20 years we have been providing
statutory audit and tax complianceservices for the Singapore subsidiary of
the group.”With significant changes looming in June
2016, B&H Worldwide in the UK reviewed
the accounting function and tax planningfor the entire group. Gary Wilson, then
B&H’s non-executive director, visited UHY
Lee Seng Chan & Co to discuss the group’splans for Singapore and other subsidiaries
in the Asia-Pacific region and around theworld. Gary’s challenge was to investigate
whether they should continue to use
different firms for different regions or to
engage UHY member firms globally towork seamlessly on international projects
and transactions.

Paul Wakefield, Group Finance Director,
B&H, says, “When Gary visited UHY
Lee Seng Chan & Co in Singapore,he was impressed by their capability
and professionalism and agreed that
UHY member firms be included in our
Global Audit tender. We went througha formal tendering process and liked
UHY’s accessible approach – we knew
they understood that we are at the
beginning of a journey, rather thanbeing a finished product. We felt apositive cultural match between our
two businesses.”
SOLUTION
From 2017, B&H made a wholesalechange from working with different
firms in individual countries to working
exclusively with UHY member firms inevery region they operate in.
“This could have been painful
but it was quite straightforward,”says Paul. “We were still enjoying
local representation, but with thereassurance of a strong UHY umbrella.
Despite some early problems thelead partner at UHY Hacker Young in
London was quick to resolve them.
We focused on adding clarity, structure
and consistency from the word go
to achieve a consistent auditing
benchmark across our group.”

From 2017 B&H ma de
a wholesale change
from wor king wit hdifferent firms inindividual countries

to wor king exclusively
wit h UHY member

firms in every regiont hey operate in.

in Singapore. She is speedy, accurate andresponsive – our relationship with theteam there grows stronger every year.”
As B&H focuses on driving more growth,
their need for a strong global accountancy
partnership is critical. “Growth for us
means growing transactions and as wemove from being a small enterprise to a
medium one, we need our UHY member
firms to keep challenging us to geteverything right. Both Jessica and Ms Tan
are quick to remind us of any upcoming
legislation and we know we are in safe
hands,” says Paul.
“Geographically we see opportunities
in Asia where the airline industry is
growing at a rapid pace and we are also
looking to develop business in the US
and Europe. Based on our experienceof UHY over the past two years, I would
certainly recommend them.”

RESULTTo support global operations, UHY
member firms now provide B&H
with streamlined group audit and tax
services in the UK, Australia, Germany,
Hong Kong, Malaysia, New Zealand,
Singapore and the US. The consolidation
is managed by UHY Hacker Young,
London, under the leadership of Jessica
Moorghen, audit director.
“Jessica is excellent,” says Paul. “If I haveany queries outside of Singapore, I go
straight to her. Her service levels are highand I am sure that her involvement in
the consolidation in 2017 was key to its
timely completion. Likewise with Tan
Guek Kee, engagement partner at UHY

UHY IN THE MANUFACTURING,
INDUSTRIAL AND LOGISTICS SECTOR
As well as providing global audit and tax
services, UHY member firms worldwide
support manufacturing and logistics
supply chains, including aerospace.
Specialists from UHY member firms
work with businesses on specific issues
such as improving the managementof supply chains to identify potential
cost savings and mitigate risks to
production schedules. Practical andtimely advice on the best way tohandle issues arising from financial
problems with key suppliers can ensurebusiness continuity.

UHY CAPABILITY STATEMENT 2020 11Group
OLMIX MEX

We have achieved our strategy in Mexico

SECTORt hanks to t he suppor t of UHY. We rely on

REGIONat UHY to give us t he service we need.

BIOSCIENCE, AGRICULTURE, FOOD
AND DRINK, HEALTHCAREt he cooperation and vigilance of t he people

AMERICAS
Olmix is a business that might justchange the world. The French company
develops solutions for more natural,sustainable plant, animal and humannutrition and health. Its focus on thecomplete food chain – from sea toplate – might sound ambitious, but thescience behind the soundbites makes
sense. Olmix solutions are based on
macroalgae, a varied source of nutrientsand bioactive compounds. Macroalgae
offers a full range of innovative solutions
to reduce the need for pesticides inplants, antibiotics in animal feed andchemical additives in human food andhealthcare. Olmix is based in Brittany,
France, but has now expanded into 28
locations, including the Americas. The
group has a turnover of around USD
200 million and over 900 employees. It
opened its Mexico subsidiary – Olmix
Mex – in 2014.
CHALLENGE
Olmix faced the same challenges all
businesses encounter when seeking
rapid international expansion. Each new
location demands local knowledge. As
a French company, Olmix needed local
partners to steer the business throughthe intricacies of national and regional
regulation, especially as it moved beyond
the familiar tax, accounting and legal
regimes of the European Union.
“Our group strategy is to use local
specialists in every country we are activein – partners with knowledge of local
legislation, accounting and politics,”
says Robert Bandner, regional manager
for the Americas at Olmix Group. “We
made a strategic decision long ago not
to use the Big Four.”As Robert implies, the role of an
accounting firm, in this scenario, isabout more than tax and audit. Olmix
operates in a heavily regulated sector.
When the group prepared to open a

Mexican subsidiary in 2014, it looked for
professional services providers that alsooffered a wider advisory function.

he says. “We rely on the cooperationand vigilance of the people at UHY togive us the service we need.”
The partnership between Olmix Mex
and UHY Glassman Esquivel y Cía
has been so rewarding that, whenOlmix was considering opening a
subsidiary in Peru, it asked José for a
recommendation. He had no hesitationin recommending UHY Blancas
Sandoval & Asociados, SAC, a UHY
member firm in Lima.

SOLUTION
In 2014, when opening its Mexican
subsidiary, Olmix met with three local
accountancy firms. UHY Glassman
Esquivel y Cía, UHY’s Mexican member
firm, was awarded the task of helping
Olmix develop a successful presence inthe country.
Five years later, the UHY member firm –and specifically José Carlos Villegas andhis team in Mexico City – is still Olmix’s
preferred accountancy partner. The
team provides Olmix with accounting,tax, payroll, and invoicing services.
Additionally, UHY Glassman Esquivel yCía provides legal support and businessadvisory services, and prepares pricetransfer studies.
“We chose UHY Glassman Esquivel yCía because they gave us the complete
set of services we needed,” says Robert.
“We were also attracted by reasonablepricing and trustworthy people.”
RESULT
Since Olmix Mex was created five years
ago, the company has significantly
expanded its activities in the country.
Robert believes the partnership between
Olmix Mex and UHY Glassman Esquivel
y Cía has been key to that success.
“We have achieved our strategy in
Mexico thanks to the support of UHY,”

Olmix has now created a Peruvian
subsidiary with the help of Carlos
Sandoval at UHY Blancas Sandoval &Asociados. The company is considering
opening further import and sales offices
in Central and South America, and José
would not hesitate to use other member
firms of the UHY global network in future.
Olmix continues to be delighted withthe service it receives from UHY in
Mexico. “The quality service we getfrom UHY in Mexico goes beyond a
simple accounting service,” says Robert.
“We have a special relationship and wetrust them to make sure Olmix can keep
developing in the right way.”
UHY IN THE BIOSCIENCE SECTOR
Experts across the UHY network haveextensive experience in offering
tailored services to the biosciences
sector, from local firms or start-ups,
to multinationals. As well as tax
and corporate services, advisingon corporate structure, financeadvice and transfer pricing, UHY
member firms offer insight into local
regulatory, compliance and intellectual
property rights. Businesses looking
to expand overseas benefit from theclose relationships between UHY
member firms globally, providing
high standards of service and sharing
specialist expertise.

12 UHY CAPABILITY STATEMENT 2020

THE NETWORK FOR
DOING BUSINESS• A global network of auditing,accounting, tax and consulting firms• Over 8,200 professionals in morethan 300 business centres in over
100 countries• Commercially focused services
for clients with international
business interests• Comprehensive resources
and capabilities

BELARUSUHY BusinessCollegia LLC, Minsk
Contact: Denis Kastsian
Email: audit@collegia.by
Website: www.collegia.by
BELGIUM
UHY-CDP Partners, Brussels
Contact: Chantal Bollen
Email: c.bollen@cdp-partners.be
Website: www.cdp-partners.be
Also in: Liège
BOLIVIA
Berthin Amengual Y Asociados Srl, La Paz
Contact: Hugo Berthin
Email: berthinlp@berthinamengual.com
Website: www.berthinamengual.com
Also in: Santa Cruz

AFGHANISTANUHY Shafiq Hamid Jamal & Co Chartered
Accountants, Kabul
Contact: Malik Jamal
Email: mhjamal@uhy-af.com
Website: www.uhy-af.com

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

ALBANIAUHY Elite sh.p.k, Tirana
Contact: Artan Xhiani
Email: info@uhy-elite.com
Website: www.uhy-elite.com

BRAZILUHY Bendoraytes & Cia – Auditores
Independentes*, São PauloContact: Franklin Bendoraytes
Email: franklin.bendoraytes@uhy-br.com
Website: www.bendoraytes.com
Also in: Rio de Janeiro

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: Teymur Naghiyev
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

CANADAUHY Victor LLP, Montreal
Contact: Ken Shemie
Email: kshemie@uhyvictor.com
Website: www.uhyvictor.com
CHILE
UHY Guiñazú & Asociados SpA.,* Santiago
Contact: Juan Olivares H.
Email: jolivares@uhy-cl.com
Website: www.uhy-cl.com
CHINA
ZhongHua Certified Public Accountants LLP,*
ShanghaiContact: Yong Sun
Email: info@zhonghuacpa.com
Website: www.zhonghuacpa.com
Also in: Anhui, Beijing, Guangdong, Hangzhou, Henan,
Jiangsu, Shenzhen, Sichuan
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

BAHRAINUHY El Sayed El Ayouty & Co,
Certified Public Accountants, Bahrain
Contact: Mohamed Alshayeb
Email: info@uhy-elayouty.com
Website: www.uhy-elayouty.com

CYPRUSUHY Antonis Kassapis Limited, Nicosia
Contact: Antonis Kassapis
Email: uhy@uhy.com.cy
Website: www.uhy.com.cy

BANGLADESHUHY Syful Shamsul Alam & Co, Dhaka
Contact: Syful Islam
Email: syful@ssacbd.com
Website: www.ssacbd.com
Also in: Chittagong

CZECH REPUBLIC
AUDITOR, spol. s r.o., Prague
Contact: Georg Stöger
Email: georg.stoeger@auditor.eu
Website: www.auditor.eu
Also in: Brno, Pelhrimov

DENMARK
inforevision, Copenhagen
Contact: Vibeke Düring Reyes Jensen
Email: vd@inforevision.dk
Website: www.inforevision.dk
DOMINICAN REPUBLICUHY Canahuate Calderon & Asociados,
Santo Domingo
Contact: Arabellis Calderón González
Email: info@uhycanahuatecalderon.com
Website: www.uhycanahuatecalderon.com
ECUADORUHY Assurance & Services Cia. Ltda., Quito
Contact: Freddy Cevallos Bustamante
Email: f.cevallos@uhyassurance.ec
Website: www.uhyecuador.ec
EGYPT
UHY United For Auditing, Tax, Advisory& Financial Services, Cairo
Contact: Ahmed Hegazy
Email: info@uhy-united.com
Website: www.uhy-united.com
UHY Waled Mounir and Muhammad
Arafa, Alexandria
Contact: Waled Mounir
Email: info@uhy-eg-alex.com
Website: www.uhy-eg-alex.com
EL SALVADORUHY Asesores Y Consultores, S.A De CV., San
SalvadorContact: Bryan Pérez
Email: bperez@uhy-sv.com
Website: www.uhy-sv.com
FINLAND
UHY TietoAkseli, Jyväskylä
Contact: Harri Kanerva
Email: info@tietoakseli.fi
Website: www.tietoakseli.fi
Also in: Helsinki, Ikaalinen, Mikkeli, Oulu, Pieksämäki,
Ruovesi, Tampere
FRANCEUHY GVA,* Paris
Contact: Muriel Nouchy
Email: muriel.nouchy@uhygva.com
Website: www.uhygva.com
Also in: Lyon
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: Gunter Stoeber
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 CAPABILITY STATEMENT 2020 13
UHY Lauer & Dr. Peters KG*, Berlin
Contact: Dr Ulla Peters
Email: berlin@uhy-berlin.de
Website: www.uhy-berlin.deAlso in: Rostock
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: Stavros Nikiforakis
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

IRELANDUHY Farrelly Dawe White Limited, Dundalk
Contact: Alan Farrelly
Email: alanfarrelly@fdw.ie
Website: www.fdw.ie
Also in: Balbriggan, Dublin, Newry
ISLE OF MAN
UHY Crossleys LLC, Ballasalla
Contact: Andrew Pennington
Email: apennington@crossleys.com
Website: www.crossleys.com
ISRAELUHY Shtainmetz Aminoach & Co.,* Tel Aviv
Contact: Kobi Shtainmetz
Email: k@cpa.co.il
Website: www.cpa.co.il

UHY Advisor Srl (Tax & Accounting), RomeContact: Cristiano Fasanari
Email: roma.advisor@uhyitaly.com
Website: www.uhyitaly.com
Also in: Milan

MOZAMBIQUE
UHY Auditores e Contabilistas Certificados,
Limitada, Maputo
Contact: Carlos Sitoe
Email: director.geral@uhy-mz.com
Website: www.uhy-mz.com

HONDURASUHY Auditores y Consultores, S.A., Tegucigalpa
Contact: Omar Pérez Rosales
Email: operez@uhy-hn.com
Website: www.uhy-hn.com

JORDANUHY Arab Auditors, Amman
Contact: Nabil Haddad
Email: nih@arabauditors.jo
Website: www.arabauditors.jo

HONG KONG
Tai Kong CPA Limited,* Hong Kong
Contact: Robert Kong
Email: robertkong@tkcpa.com.hk
Website: www.tkcpa.com.hk

KAZAKHSTANUHY SAPA-Consulting LLP, Almaty
Contact: Zhanibek Zhumadil
Email: office@uhy-kz.com
Website: www.uhy-kz.com
Also in: Aktobe, Astana, Atyrau, Shymkent, Ural’sk

INDIA
Chandabhoy & Jassoobhoy, Mumbai
Contact: Sunil Hansraj
Email: sunil@cnj.in
Website: www.cnj.in
Lodha & Co,* Kolkata
Contact: R.P. Singh
Email: rpsingh@lodhaco.com
Website: www.lodhaco.com
Also in: Chennai, Hyderabad, Jaipur, Mumbai, New Delhi
INDONESIAKAP Hananta Budianto & Rekan, Jakarta
Contact: Venancia Wijono
Email: venancia@hananta.com
Website: www.hananta.com
Also in: Semarang, Surabaya
IRAN, ISLAMIC REPUBLIC OF
Hadi Hesab Tehran, Tehran
Contact: Hamid Reza Keyhani
Email: keyhani@hadihesab.com
Website: www.uhy-ir.com

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
MOROCCOUHY Ben Mokhtar & Co, TangierContact: Mohamed Ben Mokhtar
Email: contact@uhy-benmokhtar.ma
Website: www.uhy-benmokhtar.ma

JAPAN
UHY Tokyo & Co., Tokyo
Contact: Nobuyuki Hara
Email: info@uhy-tokyo.or.jp
Website: www.uhy-tokyo.or.jp
Also in: Kyoto, Nagoya

HUNGARY
Bergmann Accounting & Auditing, Budapest
Contact: László Hegedus
Email: laszlo.hegedus@bergmann.hu
Website: www.bergmann.hu
Also in: Szeged

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

ITALY
UHY Bompani Srl (Audit),* Milan
Contact: Andrea Fantechi
Email: milano.audit@uhyitaly.com
Website:www.uhyitaly.com
Also in: Brescia, Florence, Padova, Pisa, RomeGUERNSEY
Louvre Trust (Guernsey) Limited, St Peter Port
Contact: Matthew Gilligan
Email: info@louvregroup.com
Website: www.louvregroup.com

UHY Vocation HK CPA Limited,* Hong Kong
Contact: David Ng
Email: dng@uhy-hk.com
Website: www.uhy-hk.com

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

KENYA
UHY Kenya, Nairobi
Contact: Daniel Kabiru
Email: dkabiru@uhy-ke.com
Website: www.uhy-ke.com
KOREA, REPUBLIC OFUHY Seil Accounting Corp,* Seocho, Seoul
Contact: Sam-Won Hyun
Email: cpahn@hanmail.net
Website: www.seiltax.co.kr
Also in: Chungmuro (Seoul),
Songpa (Seoul), Yeouido (Seoul)
LEBANON
UHY Andy Bryan, Beirut
Contact: Elie Abboud
Email: beirut@uhy-lb.com
Website: www.uhy-lb.com
LUXEMBOURG
UHY Finova S.àr.l., Luxembourg
Contact: Jürgen Fischer
Email: j.fischer@finova.lu
Website: www.uhyfinova.lu
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

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
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, Yola
NORWAY
Revisorgruppen AS, Oslo
Contact: Kirsti Armann
Email: post@rg.no
Website: www.rg.no
Also in: Aandalsnes, Akershus, Arendal, Bergen,
Drammen, Foerde, Kristiansand, Kvam/Norheimsund,Sarpsborg, Steinkjer, Stjordal, Trondheim, Volda
PAKISTAN
UHY Hassan Naeem & Co, Lahore
Contact: Ibne Hassan
Email: ibnehassan@uhy-hnco.com
Website: www.uhy-hnco.com
Also in: Islamabad, Karachi
PANAMAUHY Botello & Marquez, Panama City
Contact: Diógenes Botello V.
Email: dbotello@uhy-pa.com
Website: www.uhy-pa.com

14 UHY CAPABILITY STATEMENT 2020PARAGUAYUHY Consultoria Integral Del Mercosur, Coronel
OviedoContact: Miguel Vera
Email: cime@cime.com.py
Website: www.cime.com.py
Also in: Asunción, Ciudad del EstePERU
UHY Sandoval Aliaga yAsociados S. Civil de R.L.,* Lima
Contact: Carlos Sandoval Aliaga
Email: carlos.sandoval@blancassandoval.com
Website: www.uhyenperu.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’
Warsaw, Wroclaw, Zabrze
Also in: Poznan,
PORTUGAL
UHY & Associados SROC Lda, Lisbon
Contact: António Santos
Email: asantos@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: Moamen 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
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
SERBIAUHY REVIZIJA d.o.o., BelgradeContact: Jasmina Macura
Email: ekirevizija@uhy-ekirevizija.rs
Website: www.uhy-ekirevizija.rs
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
Also in: Piestany
SLOVENIA
UHY d.o.o., Ljubljana
Contact: Matjaž TrebšeEmail: 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: Stephan Vollenweider
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
THAILANDUHY Yongyuth Accounting
and Son Co., Ltd., Bangkok
Contact: Panit Mokarakorn
Email: panityas@uhy-th.com
Website: www.uhy-th.com
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 KINGDOMUHY Hacker Young,* London
Contact: Laurence Sacker
Email: london@uhy-uk.com
Website: www.uhy-uk.com
Also in: Abergavenny, Ashford, Belfast, Birmingham*,Brighton & Hove, Bristol, Broadstairs, Cambridge,
Chester, Huntingdon, Jarrow, Letchworth, Manchester*,
Newcastle, Newport, Nottingham, Sheffield,
Sittingbourne, Sunderland, 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), Columbia (Maryland), Detroit(Michigan), Farmington (Connecticut), Farmington Hills(Michigan), Houston (Texas), Kansas City (Missouri),
Miami (Florida), New York City (New York), Orange
County (California), Rye Brook (New York), Saratoga
Springs (New York), St Louis (Missouri), Sterling Heights(Michigan). UHY LLP is a licensed independent CPA firmthat performs attest services through an alternative
practice structure with UHY Advisors, Inc. and its
subsidiary entities. UHY Advisors, Inc. provides tax andbusiness consulting services through wholly owned
subsidiary entities that operate under the name 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 2020 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 start-ups.
• 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 10/19© 2020 UHY International Ltd

www.uhy.com