SJD - Whats going on there??!

[Alan @ BroomeAffinity]

SJD - Whats going on there??!

declaration to HMRC for a few years of unpaid rent, I'll sign up here and now mate.

This is probably the issue. They aren’t geared up for this kind of thing. You’ll need to resubmit your SA returns for the years in question. And then you’ll probably need to negotiate on penalties. You could also be looking at a full or partial enquiry. Perchance they don’t want the hassle. Some others might look at it though although I suspect there’d be an additional fee to pay.

[simondolan]

That horse has bolted:-)

:-) Apparently so...

[PerfectStorm]

Nixon Williams (same company) appear to be collapsing too

A few team reorganisations too many :-(

[Andy Hallett]

SJD - Whats going on there??!

It’s tough to keep up with world of Accountancy firms.

However, my understanding:

- Mr Dolan sold SJD for a tidy sum to Sovereign Capital. (Circa £80m)
- Sovereign purchased Nixon Williams at same time. (Circa £20m)
- Said companies merged under Arkarius group
- Roll on a few years there was a further merger, takeover, reverse with Optionis (Parasol and Clearsky)
- Mr Dolan, now free of hand cuff clauses returns to the market to take on company bearing his initials and others.

[gets popcorn]

[faxfan]

Totally agree, these guys have gone down hill totally.

They quote 4 weeks for Corporation Tax turnaround - so I submitted everything - 4 weeks later minus 1 day(!) they come back with a load of queries, answered the same day. Another 2 weeks for draft accounts, obviously they've made a few mistakes missing the answers to the questions asked and answered. Seven weeks later...still waiting.

If anyone knows of a better service please enlighten me!!

[eek]

Totally agree, these guys have gone down hill totally.

They quote 4 weeks for Corporation Tax turnaround - so I submitted everything - 4 weeks later minus 1 day(!) they come back with a load of queries, answered the same day. Another 2 weeks for draft accounts, obviously they've made a few mistakes missing the answers to the questions asked and answered. Seven weeks later...still waiting.

If anyone knows of a better service please enlighten me!!

Any freeagent accountant. Mine took 3 weeks all in and most of that was me sorting out the submission code for companies house

[simondolan]

It’s tough to keep up with world of Accountancy firms.

However, my understanding:

- Mr Dolan sold SJD for a tidy sum to Sovereign Capital. (Circa £80m)
- Sovereign purchased Nixon Williams at same time. (Circa £20m)
- Said companies merged under Arkarius group
- Roll on a few years there was a further merger, takeover, reverse with Optionis (Parasol and Clearsky)
- Mr Dolan, now free of hand cuff clauses returns to the market to take on company bearing his initials and others.

[gets popcorn]

Its a pretty good summary....

[Waldorf]

It’s tough to keep up with world of Accountancy firms.

However, my understanding:

- Mr Dolan sold SJD for a tidy sum to Sovereign Capital. (Circa £80m)
- Sovereign purchased Nixon Williams at same time. (Circa £20m)
- Said companies merged under Arkarius group
- Roll on a few years there was a further merger, takeover, reverse with Optionis (Parasol and Clearsky)
- Mr Dolan, now free of hand cuff clauses returns to the market to take on company bearing his initials and others.

[gets popcorn]

Good summary apart from the sums quoted. If you search on via the free Companies House site for Optionis Group (used to be called Arkarius] and look at the accounts for the period ending 31st October 2014 and then look under note 11, you will see the total paid for both businesses was just over £81m not £100m.

Clearly the new PE owners are looking to exit at some point and are cutting costs to boost short term profits but the fall in service levels that has resulted is a shame. It is telling that the accounts show a decrease in staff delivering the accounting service but a huge increase in head office staff who clearly have no experience in this sector.

[Andy Hallett]

I went off the Sovereign quoted figures and the basis that SJD’s revenues were 80% as did all reports at the time.

https://www.sovereigncapital.co.uk/o...ices/optionis/

[craigy1874]

who could be bothered coming back to all this with £80m in their pocket