76 Canterbury Road, Croydon, Surrey, CR0 3HA

Tel: 020 8665 7050 Fax: 020 8665 6601

Email: info@flemmings.co.uk
Website: www.flemmings.co.uk
Flemmings Chartered Accountants

Flemmings Financial Planning Limited

Flemmings Property Services Ltd

Flemmings BPO Private Ltd (India)
TRAINING TO BECOME A CHARTERED ACCOUNTANT OR
CERTIFIED ACCOUNTANT WITH FLEMMINGS
Presentation of ACCA Platinum Award by
Mr Andrew Harding, Chief Executive of ACCA UK
on 25
th
July 2003
Tun Dr Mahathir Mohammad
(Former Prime Minister of Malaysia)
with Hitesh in 2008
Visit By Mr Mark Spofforth, President of the ICAEW
on 14
th
September 2012
Visit by Mr Martin Hagen, President of the ICAEW
on 3
rd
November 2009
Presentation of Croydon Business Award for
Best Business for Training and Development
by SLB Business Support on 1
st
May 2013
Presentation of South London Business Award for
Best Business for Training and Development
on 4
th
July 2013



Page No
Contents
Flemmings History
Partners
Award-Winning Training & Development
Recruitment and Employment Criteria
Our Clients
Audit and Accounting
Taxation
Corporate Finance
Financial Planning
Property Services
Business Development
International Wealth Management
Outsourcing & IT Projects
Family Wealth
Flemmings BPO Pvt Ltd (India Office)
Contact Details

2
3
6
7
8
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12
13
15
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1

Flemmings History
1
Founded in 1989, Flemmings has developed into a dy-
namic and enterprising business. By listening to and
understanding the needs of our clients, we continually
strive to research and present innovative opportunities
to help enhance their wealth. Through this, our busi-
ness has developed, not only as a firm of Chartered
Accountants, but as Financial Advisers, Property Con-
sultants and Wealth Managers.

At Flemmings, we recognise the importance that cli-
ents place on present and future financial security for
their businesses and their families. With this as our an-
chor, we have developed our business to ensure that
our services nurture the financial aspirations of our cli-
ents.

Our team of over fifty staff, which is selected against a
strict criteria, are based in the UK and in Chennai, In-
dia. As an authorised training organisation by the
ICAEW and the ACCA, we ensure that our staff re-
ceive the best training and experience to provide a
high quality service to our clients.
Hitesh C Shah FCA, DipFPS, CeMap
Managing Partner

Hitesh qualified with Simmons Gainsford LLP in 1986 and after
qualifying, Hitesh joined Smith and Williamson where he gained
extensive experience in Corporate Finance. He was able to en-
hance this experience further at BDO Binder Hamlyn, where he
was able to demonstrate a very good understanding of Per-
sonal Financial Planning.

Hitesh is the Cofounding Partner of Flemmings, and manages
the Group overseeing its strategic growth & development.



Sailesh P Shah MA (Cantab), FCA, DipFPS, CeMap
Audit and Tax Partner

After graduating from Cambridge University in 1983, he joined
KPMG in London. He qualified as a Chartered Accountant in
1986 and continued his post qualification training in audit, ac-
counting and tax with KPMG.

Sailesh is the other Cofounding Partner of Flemmings, and is
currently the Audit, Accounting and Tax Partner.





Sumitra Shah BA (Hons), FCA
Finance, Training and IT Partner

After graduating in Psychology from Warwick University, Sumi
trained as a Chartered Accountant with BDO Binder Hamlyn.
She then joined Lombard North Central plc where she gained
extensive experience as a Group Management Accountant and
later enriched an interest in IT as a Business Analyst.

She joined Flemmings in 1999, when the firm was on the spring
board of an extensive expansion plan and is currently the Fi-
nance, Training and IT Partner.
Hitesh C Shah
Managing Partner
Sailesh P Shah
Audit and Tax Partner
Sumitra Shah
Finance and IT Partner

Partners
2
At Flemmings we recognise that our staff are our main assets. We
make every effort to ensure that they are trained to a very high
professional standard to provide a highly skilled and professional
service to our client.

Training & development is an integral part of Flemmings and our
unique approach has been applauded and recognised on many
occasions including our very recent achievements as the Best
Business for Training & Development and finalist for Best Busi-
ness in Customer Service at the Croydon Business Awards. We
have also been recognised as the Best Business for Training &
Development at the South London Business Awards 2013. In ad-
dition, we were selected as finalist for the Independent Firm of the
Year (South East England) and the Training Team of the Year
(Whole of Britain) at the British Accountancy Awards 2013. For
2014, we have been shortlisted as finalists for Best Medium Sized
Firm and Best Firm for Training & Development at both the Croy-
don Business Awards and London Business Awards.

Our training ethos has been accredited by the ACCA Platinum
Award. Additionally our office has been visited by four Presidents
of the ICAEW in a decade.

Our work environment is very cosmopolitan and has a warm and
friendly atmosphere. We have staff from many countries including
Malaysia, Brunei, China, Hong Kong, India, Mauritius and Kenya.
Even though the origin of our staff varies, we find that the culture
and work ethos is similar and we find it rewarding when staff from
these backgrounds choose Flemmings to achieve their career am-
bitions.

All the staff we recruit will have met our strict criteria of a strong
academic background and have undergone our recruitment proc-
ess of first and second interviews which last a week.


Award-Winning Training & Development
3
President of ICAEW being welcomed
by Hitesh & Sumi Shah 2009

Award-Winning Training & Development
4
President of ICAEW addressing staff
at Flemmings 2002
President of ICAEW with Sailesh
Shah2004
President of ICAEW with Hitesh,
Sailesh & Sumi Shah 2012
Our recruits are in the main ACA trainees or ACCA af-
filiates. The ACA trainees are usually graduates from
UK universities such as LSE, Manchester and War-
wick, with at least a strong 2:1. They are recruited on
a four year contract and all training and study leave is
paid for by the firm. The ACA trainees are sent to Kap-
lan which is deemed to have the best tutors and suc-
cess rates for this qualification.

Our ACCA affiliates will have completed all their ACCA
papers with good first time passes and demonstrate a
strong academic background. ACCA affiliates are re-
cruited on a three year contract. Whilst we do not pro-
vide any further study support during their contract we
do believe that the ACCA affiliates get the same level
of training and expertise to be on a par with the ACA
members on qualification.

As a small to medium sized firm the training will be
very individual, personal and partner-led. We recruit
staff with a view to providing them with the best oppor-
tunities to develop personally whilst they are training
towards their professional qualification. We believe in
training staff to be wealth managers and business ad-
visors, not just accountants.

A fitting tribute to this ethos is when the skills of our
qualified staff are recognised by larger organizations
of the likes of KPMG, PWC and Deloitte. Many of our
staff have returned back to their country of origin and
now hold senior positions in large corporations. It is
encouraging to know that their foundations were laid
at Flemmings and that thereupon they have been able
to embark on enterprising careers.
A recruit would typically be placed in at least two of
our departments where they would be trained by a
senior. Whilst Partners do have an input in the day to
day running of the firm, we like to give our staff re-
sponsibility of managing a portfolio of clients and pro-
jects, to provide them with the opportunity of develop-
ing their time and management skills. We believe that
by recruiting high calibre staff, it is important to con-
stantly set them challenges and allow them to expand
their skills and discover their abilities.

Since the firms inception, Flemmings has trained
several international graduates who have all pro-
gressed on to careers in larger firms or investment
banks. To us, it is truly an achievement when the staff
return to their country of origin and achieve high posi-
tions as qualified business advisors. Particularly in
growing economies where the vision is to achieve a
knowledge-based service economy, the experience
that a trainee would bring back from Flemmings
would be invaluable.

Award-Winning Training & Development
5
Staff in the training room ready to
commence Internal Training
Khaliz Arriffin and Nurthaqina Hatim
completed their ICAEW training and have returned to Malaysia
Mr Michael Groom
National President of ICAEW
Visit by ICAEW President, Mr Martin Hagen,
3
rd
November 2009

Recruitment and Employment Criteria
6
Suhaina, Ronald, Haqqa and Siti
engaging in a discussion in the Board
Sumi Shah, Khaliz Arriffin and
Nuthaqina Hatim
Malaysia Intake
Criteria
ACA Trainees
ACCA Affiliates
(Graduate and Professional Stage)
SPM 9 As 9 As
University
At least a CGPA of 3.30 but preferably 3.60
and above from a good university
At least a CGPA of 3.30 but preferably 3.60
and above from a good university
Professional Stage: Good first time passes
for all papers
Preferable
Universities
Universiti Malaya, University Kebangsaan
Malaysia, Universiti Sains Malaysia, Univer-
siti Teknologi Petronas, Multimedia Univer-
sity Malaysia, University of Nottingham Ma-
laysia, Universiti Teknologi MARA
Universiti Malaya, University Kebangsaan
Malaysia, Universiti Sains Malaysia, Univer-
siti Teknologi Petronas, Multimedia Univer-
sity Malaysia, University of Nottingham Ma-
laysia, Universiti Teknologi MARA
Contract Details
Length of Con-
tract
4 Years 3 Years
Study Leave Provi-
sion
Yes N/A
Tuition College Kaplan Financial N/A
UK Intake Criteria
ACA Trainees
ACCA Affiliates
(Graduate and Professional Stage)
A-Levels 3 As 3 As
University
At least a strong 2:1 but preferably 1st
Class Honours from a good UK/EC univer-
sity
At least a strong 2:1 but preferably 1st
Class Honours from a good UK/EC univer-
sity and good first time passes for all papers
Professional Stage: Good first time passes
for all papers
Preferable
Universities
Oxford, Cambridge, London School of Eco-
nomics, Warwick, Manchester, Southamp-
ton, Imperial College, University College
London, Durham & Kings College.
Oxford, Cambridge, London School of Eco-
nomics, Warwick, Manchester, Southamp-
ton, Imperial College, University College
London, Durham & Kings College.
The way we service our clients is unique in that we recognise that their busi-
ness aspirations are inextricably linked with their personal aspirations.

We recognise that our clients devote a lot of effort in their business to provide
future personal financial security for themselves and their dependants.

With this in mind we always strive to ensure that whatever business planning
advice we give to our client, it is complimentary to their personal financial well
being.

Our clients cover a wide range of sectors. The following list is not exhaustive as
our high calibre team of staff are always adaptable to new sectors.

Our Clients
7
Doctors Family-run Businesses Limited Companies
Dentists Manufacturers Partnerships
Pharmacists IT Consultants LLP
Opticians Property Investors Trusts
Barristers Retail Entrepreneurs Sole Traders
Solicitors High Net Worth Individuals

Audit and Accounting
8
Nurul Amani Khairuddin
BSc (Hons), ACA Trainee
Sai Premkumar
ACA (ICAI), MBA
Norfauzana Azizi
BSc (Hons), ACA Trainee
Hanish Shah
FCCA, Manager, UK
Kee Shu Phang
BA (Hons), ACA Trainee
Our Audit and Accounting division undertakes the preparation of ac-
counts for self employed individuals, partnerships and companies.

Our comprehensive service includes:
Audit of accounts
Preparation of Statutory accounts
Preparation of Management accounts
Book keeping
VAT Computation
Advice on accountancy systems
Payroll services
Preparation of Trust accounts
Preparation of Pension Scheme accounts

By undertaking the role of our clients accounts department, we help
improve management efficiency by delivering necessary and valuable
information at the right time, solving problems and avoiding risks.
Our personalised approach ensures that we are able to identify and
manage all areas of business opportunities and threats, not just com-
pliance issues related with audit.
Vedant Shah
ACCA Affiliate
Kunal Shah
BSc (Hons), ACA Trainee
Wei Hao
MSc, ACCA Member
As tax advisors we take a practical and long term approach,
planning well in advance to maximise benefit and minimise risk
wherever possible. Compliance is just the first step; we chal-
lenge prevailing tax wisdom constantly, seeking innovative so-
lutions to the most complex tax problems.

We specialise across a range of industries allowing us to dem-
onstrate expertise and exercise innovative strategies for plan-
ning of:
Personal taxation issues
Corporation taxation issues
Exit strategies
Inheritance Tax mitigation

We also provide advice to decipher complex VAT issues as well
as handle any tax investigations by presenting the most effec-
tive strategy to manage the process.

Taxation
9
Atikah Abdul Halim
BA (Hons), ACA Trainee
Mona Dhowtall
BSc (Hons), ACA Finalist
Muhaimin Hussain
BSc (Hons), ACCA Affiliate
Taxation is a highly complex area and
always evolving. Our specialist tax team
provides services for:
Small businesses
Private individuals
Company Directors
Partners
Personal:
We look after our clients in respect of their personal affairs by
providing mortgage services for both residential properties
and buy-to-let investment properties.

Corporate:
Lead Advisory services by focusing on improving clients prof-
itability and long term growth opportunities ties. Specialising
in areas such as pharmacies, surgeries and nursing homes.

Finance:
Preparation of business plans
Negotiation of finance for businesses
Raising of finance for property related deals
Debt re-structuring to reduce costs

Acquisitions, Mergers and Disposals:
Valuations
Project management and liaising with banks, solicitors
and valuers.

Corporate Finance
At Flemmings we like to see our clients grow and
we play a crucial role in facilitating the financial side
of any expansion plans. Since we are involved in
the preparation of accounts for our clients we are
much more likely to be aware of the best action to
take when it comes to raising finance for their busi-
ness. We will assess the best form of financial
strategy to take up to suit their plans, be it a bank
loan or overdraft, private equity or capital input from
personal resources.
10
Faqihuddin Mustaffa
BA (Hons), ACA Finalist
Amar Shah
BSc (Hons), ACA Trainee
At Flemmings we recognise there is a link between our clients
business and their personal finances. The awareness of our
clients business enables us to give high quality financial ad-
vice which is specific to the clients circumstances.

Our role is to ensure that our clients have the long term finan-
cial security they desire. Our clients can therefore devote their
time to grow and develop their businesses fully.

As independent financial advisors, we carry out extensive mar-
ket research before making any recommendations to clients.
Because we have an overview of our clients business and
their financial position, it is natural to make recommendations
that suit the clients requirements.

Services and Products that we offer:
Life Assurance and Critical illness protection
Pensions, retirement and inheritance tax planning
Savings
Investments
Mortgages
School fees planning
General Insurance
Tax efficient investments such as ISAs and VCTs

Financial Planning
11
Anjali Shah
BSc (Hons), ACA
Mitesh Gosrani
ACCA
Gaurav Chavda
BSc (Hons), ACA Trainee
Suhaina Mohammed
BA (Hons), ACA Trainee
Hasnun Ahmad Yusof
BA (Hons), ACA Trainee
At Flemmings we recognise that our high net worth clients have
an interest in property investment. To meet this aspiration we
have sourced, researched and launched several property invest-
ment opportunities.

Examples of such investments are shown in the table below:

Property Services
As part of our service, we source and arrange the finance, and
manage the borrowings for the duration of the investment.
Our property services department is also able to provide a port-
folio management service and advice on acquisitions and dis-
posals of property, as well as:
Search
Finance
Insurance
Valuations
Rating
Landlords & Tenants
Type Transaction Amount
Commercial Office, retail, leisure, industrial,
retail warehouse, healthcare
157 million
Residential Buy to Let investments, Devel-
opments
17 million
Nimish Shah
BSc (Hons), ACMA
Manager
12
Arjuna Mahendra
ACCA Affiliate
By their very
nature, property
investments tend
to be for the long
term and require
financing.

Business Development
Zunurain Usman
BA (Acc), ACA Trainee
Dipesh Galaiya
ASc (Hons), ACA, CertPFS
Manager

The Business Development team is evolving
continually to meet the sophisticated needs of
clients.

Our role is to provide solutions to the complex
financial and tax issues that clients face, some
of which have been described below:
The range of services provided includes:

Tax Planning advising clients on matters relating to
Income Tax, Capital Gains Tax and Corporation Tax.

Inheritance Tax and Estate Planning having built
their businesses and personal wealth over the years,
clients are faced with challenges such as succession
planning, estate planning for their wealth and plan-
ning for the significant Inheritance Tax liabilities. We
assist clients in assessing their needs and the issues
they face, evaluate various strategies to build be-
spoke solutions to meet their needs.

Enterprise Investment Schemes assisting clients
to acquire new businesses using tax efficient strate-
gies like the Enterprise Investment Scheme which of-
fers attractive tax breaks to investors. Our role is to
advise clients on the complex rules that govern such
schemes and liaising with HM Revenue and Customs
to seek their approvals.

Corporate Finance assist clients in raising equity
and debt capital to help grow their businesses or en-
hance their investment returns.
13
The International Department specialises in 'Wealth Management'
for medium to high net worth clients. The client bank comprises of
non-UK residents as well as UK residents looking to benefit from
offshore planning and management of assets.

The range of services provided includes:

Banking
Facilitating account opening with international banks and manage-
ment of the accounts.

Insurance
Advice on and arrangement of various insurance cover such as
Life, Critical Illness and Endowments for savings.

Investments
Advice, planning and effecting investments across the different as-
sets classes i.e. cash, bonds, equities and property.

Taxation of Trusts and Offshore Companies
International tax planning including non-domiciliary and use of
structures such as offshore companies and trusts.


International Wealth Management
The concept of Wealth Management can be summarised as follows:

Wealth Creation


Wealth Enhancement and Preservation

Wealth Distribution
Suman Mukherjee
BSc (Econ), ACA
Ashraf Salim
BSc (Hons), ACA Finalist
Farquar Haqqani
BSc (Hons), ACA Trainee
Ilman Zainuddin
BSc (Hons) ACA Trainee
14
Long Lot Liaw, Ronald
BA (Hons), ACA Trainee

Outsourcing & IT Projects
Kamil Ibrahim
BSc (Hons), ACA Trainee
Outsourcing
We work closely with our India team to:
Develop the marketing strategy and promote the operations
for Flemmings BPO India.
Manage client relationships to ensure that the work delivered
by our India team is at a quality and standard that our clients
require.

IT Projects
As part of our IT services we undertake specific projects both
within Flemmings and for our external clients based on their re-
quirements. These services aim to increase operational efficiency
both within Flemmings and for clients businesses, through the op-
timum use of IT resources.

We assist clients with streamlining their systems; including provid-
ing advice in relation to their IT systems, setting up the practice
management systems and database management services.
Research on the sector specific IT systems
Preparing recommendations and proposals
Planning, initial implementation, testing and follow up
Our team specialises in providing outsourcing
and IT services to clients to increase their op-
erational efficiency and to minimise costs. Our
operations in Chennai, India provides a valu-
able support function to the teams based in
the UK. The bulk of the data processing is
carried out by our India team, allowing the UK
team to promote value-added services.
15

Family Wealth
Siti Farhatul
BA (Hons), ACA Trainee
Audit & Accounting
Maintaining of accounting records
Preparation of management accounts
Preparation of cash flow forecasts
Preparation of annual statutory accounts
Audit
16
Banking
Treasury management
Review of Borrowing
Negotiating terms with Banks
At Flemmings we also help and manage family
based businesses and private wealth.

The following services are provided by us:
Every family, looking at the next
generation, hopes to confer ad-
vantages that are more than just
material and financialto incul-
cate character and leadership, to
inspire creativity and enterprise,
to help all family members find
and follow their individual callings,
and to avoid the financial depend-
ency and loss of initiative that can
all too often be an unwanted con-
sequence of financial success.
Yet many families never succeed
in realizing that vision, much less
sustaining it for three, four, or five
generations and beyond.
Tax & Financial Planning
Succession planning
Drawing up wills and reviewing with family

Flemmings BPO Pvt Ltd (India Office)
J. Balasubramanian
ACA
CEO Chennai Office
President of ICAEW , Martin Hagen
with J Balasubramanian 2009
J. Balasubramanian trained to become a Chartered Ac-
countant with Flemmings. After completing his training with
us, he went back to Chennai, India and set up Flemmings
BPO Private Limited which deal with the outsourcing of
work from UK and Africa.
India Office
He has a team of 20 staff that work under him
and are currently providing the following ser-
vices for outsourcing:
Book Keeping
VAT Returns
Preparation of Management Accounts
Payroll
Preparation of Statutory Accounts
Preparation of Trust Accounts
Preparation of Tax Returns
17
Contact Details
Training Partner
Sumi Shah
Telephone : +44 (0)20 8665 7050
Fax : +44 (0)20 8665 6601
Email : recruitment@flemmings.co.uk
sumi@flemmings.co.uk
Website : www.flemmings.co.uk
76 Canterbury Road, Croydon, Surrey, CR0 3HA
Tel: 020 8665 7050 Fax: 020 8665 6601
Email: info@flemmings.co.uk
Website: www.flemmings.co.uk
Best Business For Training & Development
Best Medium Sized Business