Bishop Fleming are a regional firm covering the South West and Midlands. Our dedicated team of specialist care home accountants means we are uniquely placed to understand the care home sector. From buying your first care home or expanding the business through to tax efficient structures, payroll processing, management accounting and eventually Sale, our team are with you all the way.
The ageing population means there are more retirement homes here than in other parts of the country and this has become an important sector for us. However, recent changes in funding have impacted on occupancy levels, clients are becoming more cost conscious and a move to ‘care in the community’ all means that the care sector is facing difficult and interesting times.
We understand that no two care homes are alike and so through your dedicated healthcare manager, you will receive expert advice unique to your business.
Our team of specialists provide advice to over 150 homes, from the owner-managed and privately owned to large portfolios and corporate groups.
We bring financial experience, built up over a number of years, to what we hope will be a long running and prosperous relationship.
Our services for individuals and businesses in the care homes sector include:
Audit & accounts – management accounts including analysis of income, costs & forecasts as well as production of annual accounts and tax returns. We take pride in transforming every audit and set of accounts from a necessity to an opportunity, highlighting ways of improving and boosting your businesses. We can also provide you with up to the minute management accounts, so you always have an accurate picture of where your business stands.
Business tax, VAT and wealth management – Our large team covers all aspects of tax, from minimising your business tax, to personal tax advice and wealth management, helping you to secure your financial goals.
Corporate finance – Whether you’re looking to expand your business, or it’s time for you to exit the sector, our respected corporate finance team can help, having worked on transactions of a combined value of over £150 million in the past year alone.
Payroll services – Our payroll services department already ensures that businesses with over 25,000 employees are paid on time every month. By outsourcing your payroll to Bishop Fleming, you remove the need to recruit, retain and train specialist staff, or purchase specialist software, saving you money and reducing risk.