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Businesses Expanding into the UK

Businesses expanding into the UK are often surprised to hear about the statutory requirement for an audit that arises and so we recommend that you make contact with us at the earliest opportunity.

While the rules are somewhat complex, they can be summarised as follows:

  • If a UK company or LLP exceeds two out of three limits (turnover of £10.2m, gross assets of £5.1m, or 50 or more employees), or is a member of a group that exceeds two of these limits then it will require an audit.
  • Companies or LLP’s not exceeding these thresholds will be exempt fromaudit unless they are ineligible for audit exemption such as many  FCA authorised entities.

Key Contact

Andrew Grieve

Andrew Grieve

Audit Partner

T: +44 (0) 20 7833 3500
Email Andrew
Office: London