Wealth & Finance International - Business Awards 2016

www.wealthandfinance-intl.com 25 Company Formation Specialists of the Year - UK & Award for Excellence in Offshore Banking 2016 Turner Little are established UK based professional company registration agents, registered bank intermediaries and business consultants as well as trust providers. We caught up with James Turner to learn more about the solutions the company provides in these specialist areas. Company: Turner Little Limited Name: James Turner Email: [email protected] Web Address: www.turnerlittle.com Address: Regency House, Westminster Place, York Business Park, York, YO26 6RW Telephone: 01904783101 Founded in 1998, as a specialist UK banking and corporate services provider Turner Little rapidly expanded to provide services offshore as well as in the UK and provide a service second to none by concentrating their attention on a limited number of overseas jurisdictions especially chosen to provide the fullest possible range of benefits to their extensive client base. As his opening comments James is eager to highlight the fact that the firm’s excellent reputation is built on the integrity of its founders and the dedication, honesty, integrity, professionalism and focused commitment of its staff. “Turner Little is a small firm with an established friendly workforce who are confident in their own responsibilities whilst being aware of those of colleagues. Regardless of the service being provided, Turner Little always discuss at length the client’s requirements and will advise clients at a very early stage on the feasibility and practicalities of what they are seeking to do and whether it will achieve the client’s objectives. Operating in a heavily regulated sector means that we are obliged to know more than most about our clients and it is the combination of friendliness and professionality imposed by regulation that ensures that our clients receive the best possible level of service.” Operating in an industry dominated by changing media perception and frequent regulatory change, James explains how his firm is constantly seeking to adapt around the major changes and ensure it offers clients the very best services which meet their needs. “As with any other industrial sector, computerisation is now dominant in the company registration sector, and therefore Turner Little use a range of computerised systems, many written and developed in-house, to ensure the efficiency of operations in the business. “In addition, our market is subject to constant changes. Because fraudsters and tax evaders often use complicated offshore and UK structures to achieve their ends, there is a misconception that anyone involved in this area must be up to no good; that is not the case. Additionally, governments across the world, sometimes as a result of media attention, often make changes which are ill-thought out and which are intended to prevent fraud and tax evasion but which sometimes prevent legitimate operations being carried out effectively internationally. The overall effect of these is to make structuring effectively more complex and difficult. More recently, the effect of Brexit in terms of exchange rates has added considerable bottom line costs to businesses such as ours based in the UK and who transact significantly with overseas territories and usually in US$, Euros or a currency with a rate fixed to the US$, Hong Kong dollars, Singapore Dollars, Belize Dollars being some examples. “As such in order to support our clients we maintain an honest approach. Even if the news is bad, we will tell them the truth and work with them to find a solution. It is this strategy that has helped our firm to become the success it is today.” Providing an extensive, comprehensive range of services, the company is proud that a large part of its business is generated from an existing customer base as well as customer and professional referrals particularly from accountancy and legal practices. The company’s extensive client base covers virtually every country in the world making Turner Little a truly multi-national service provider. Looking ahead, James emphasises the need to be even more international, as the company aims to expand its global reach in order to avoid the challenges caused by Brexit. “There are difficult times ahead caused by exchange rates in particular, and the uncertainty with Brexit merely adds to the problems. In this respect however we had already made some moves prior to Brexit to ensure that we will continue to support the EU member states no matter what. To do so we created Turner Little (Cyprus) Limited, and that firm, registered in Cyprus, will shortly become a licensed firm in the country for the purpose of forming companies there and acting as banking intermediaries.” BU160014