Chip and Pin Solutions

Not just an auditor...

Business services and tax advisory

The Opportunity

Founded in 2004 by David Maisey, CPS is an international payment solutions company specialising in online and face to face payment options.  it become past of the Icelandic compnay Valitor in 2017. its clients include European public transport payment solutions, small independent retailers and online services.

The company had rapidly grown its market share over recent years. Following a number of approaches from potential buyers, the shareholders agreed to explore options to realise value. As part of this process the company was required to have its most recent accounts audited.

The Solution

In addition to undertaking the required statutory audit we worked closely with the client’s finance team to help them complete the transition to SAP and undertook a full review of its accounting policies and procedures to ensure they were fit for purpose. We reviewed the proposed property extraction, refined the plan and worked with the pension provider and legal team to ensure this was completed in the most tax efficient manner. We became part of the deal team supporting the transaction process which ultimately led to a successful exit in July 2018.

The Outcome

The client needed a team they could trust. Not just an auditor. We became and continue to be an adviser to a successful entrepreneur who valued not only our advice but the honesty and personal approach we deliver.

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