Leveraging our sector expertise for our clients
The huge diversity of our clients’ activities combined with our 30 years of experience in expansion into the United Kingdom, has enabled us to develop a strong expertise in several sectors. In addition, our excellent understanding of the British business environment and culture enables us to bridge cultural gaps experienced by our clients, helping them to operate more successfully and faster in the UK. This is a key differentiator separating us from other British accounting firms who do not offer that perspective. You could say that we offer first class outsourced accounting services with a cultural twist!
We are well aware that each business sector has its own characteristics and that our clients often have to adapt their products or services to the UK market environment. This is why we encourage them to share their perceptions of the British market so that we can provide relevant information and advice. When possible, we can also introduce them to our existing clients operating in similar sectors to enable them to learn more about the market. We can also introduce them to the sector experts working within our other divisions, in order to help our clients better understand the British market and offer a quicker route to success.
Over the years we have worked with many technology start-ups, with a deep understanding of their specific needs, and the importance of speed of delivery for our services. They require a more hands-on approach from our team since their managers often have limited international business experience. These companies are also likely to become clients of our M&A services and they appreciate Frenger’s ability to support them with both their organic and acquisitive expansion. Our clients include companies like DailyMotion, Web Geo Services, Vigeo, Cheerz, Synthesio, Sparklane and many others.
The opening of one or more retail outlets in London is a real challenge given the difficulty and costs associated with securing a good location. We have assisted many clients in this process, helping them understand the best areas for their products. We also work closely with property companies such as CBRE and others to provide advice and find suitable properties. Our clients include companies such as Brunello Cucinelli, Vanessa Bruno, Sweatty Beatty, Mer & Cashmere, and others.
Following the decision of the British Government to build several nuclear power stations, Frenger decided to assemble a team of sector specialists to provide advice and specific services to its clients. These experts have more than 70 combined years of experience in the nuclear sector; Juan Mathews advised many foreign companies on their market-entry strategy in the UK when he was part of UKTI’s Inward Investment team. In 2015, Frenger helped several divisions of Engie in the setting up subsidiaries in the United Kingdom.
Our expertise in the ICT sector was developed over the past 20 years when we helped several Internet start-ups with the launch of their UK operations. More recently we have provided services to companies such as Screen Tonic (bought by Microsoft), Eptica, Synthesio, Vigeo and DailyMotion. The United Kingdom is often the first destination for these companies when they decide to expand internationally.
This sector has to comply with demanding rules and regulations in the UK. The level of compliance required in order to operate in this market often surprises foreign companies. At Frenger, our team understands this requirement and is able to provide a tailored service to our clients. We work with several companies operating in the financial sector including L Capital (the Private Equity fund of LVMH) and several UK subsidiaries of foreign banks, insurance companies, cashless-payment start-ups, the British subsidiary of Oberthur Fiduciaire and many others.
Our involvement in this sector started during the Internet Bubble when the frontier between technology companies and creative agencies became blurred. This is when the first Web agencies were formed; of which we were involved in several launches in the UK on behalf of foreign groups.
More recently we have helped marketing and advertising companies through the launch of their operations in the United Kingdom via either business acquisition or organic growth.
The lack of housing for a growing population, the need to upgrade existing infrastructure, and new investment in transport projects such as HS1, HS2, Cross-Rail and the upgrading of tube lines in London have created huge opportunities for foreign investors in the UK. We have helped many clients launch and manage UK subsidiaries to capitalise on these opportunities. One of them was part of the consortium that won a £6.5 billion contract to expand and maintain the M25. Others won contracts to provide qualified labour on construction projects.