The company grew significantly in the 7 years that it was in operation, from a team of 5 to over 50 employees and an annual turnover in excess of £9million.
F&L worked with KHK from the outset, providing them with the full range of financial and legal services and operational support they needed, to help make their business a growing and marketable concern.
The business challenge
The four entrepreneurial directors of KHK recognised from the company's inception that, whilst they were skilled and experienced in property consultancy, they did not necessarily have all of the operational experience to start up a business from scratch.
They needed a team of advisors who would take an ongoing interest in their business and share their passion for making it successful - wherever that might take them.
KHK chose F&L as their partners in getting the business off the ground due to their intelligent, scalable and flexible approach to working with their clients; an approach that would adjust to meet the needs of the business as it grew.
F&L's position as a "one stop shop" of services; from accounting support to remuneration advice and HR, gave KHK the reassurance they needed that F&L would take care of every aspect of their business operations.
F&L have helped KHK at every stage of their business development.
They started by incorporating the business in 2000 and have advised upon and implemented their financial reporting and compliance from day one.
F&L have consistently managed all of KHK's finance needs, covering payroll, statutory financial statements, audit, corporate tax, remuneration strategy and EMI share scheme.
F&L have also provided VAT and Tax advice and ensured compliance to key deadlines.
KHK's success has been substantial and in 2007, when a listed US corporation made them an offer for the company, F&L, alongside F&L Legal, worked collaboratively with KHK's company directors to negotiate and manage the sale.
As KHK were bought by a listed company, the due diligence involved was lengthy, volumous and at times complex. Our experienced and flexible team were able to manage this seamlessly throughout the process, guiding KHK through their obligations and ensuring that they kept on track. Indeed, the unique nature of the relationship with F&L Legal ensured that the accounting and legal teams worked consistently to provide an on-call service that met the needs of the transaction.
KHK's directors were required to join the new company for a prescribed period and F&L stepped in to assist them with certain ongoing financial reporting and the financial aspects of the Earn-out process.
F&L have worked closely with KHK at every stage of their business development, demonstrating that planning for the future is crucial in managing your business day-to-day.
With F&L's assistance, KHK were able to take their business as far as they wanted it to go, achieving their business goals and managing the operational side of rapid and significant growth efficiently and effectively.
Whatever KHK's entrepreneurial founders decide to do in the future, F&L will be their first port of call.