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Prime helps German owned Vector GB cut through the red tape and UK legislation

Prime has been selected by German owned Vector GB as their new accountant, after a series of recent meetings.

Introduced by Wendy Cutts, Business Development Manager at Solihull Chamber of Commerce, the two organisations have since
set about understanding each others line of work, before Prime were appointed by Vector GB last month.

Vector GB, a subsidiary of multi million euro turnover German owned Vector Informatik GmbH was set up in January of this year in response to demand from the British marketplace. Already highly successfuly globally, Vector wanted to be able to offer the best possible support to its British customers, particularly as the networking of automotive electronic systems continues to grow in complexity and at fast pace.

Prime will be responsible for managing the entire accounts system, payroll and producing meaningful management reports for Vector's Stuttgart head office, as well as ensuring the company's statutory and legal obligations are fulfilled in a timely manner in line with UK legislation.

"We needed to appoint a local firm who would be able to cut through the red tape for us, without us actually having to familiarise ourselves with UK rules and regulations. We also needed reliable financial information that our German parent could access regularly to check our progress," said Uwe Gerlinger, MD of Vector GB.

A member of Prime's Business Services team will carry out various accounting tasks on site for Vector each month, ensuring that the accounting records are accurately maintained throughout the year, in preparation for the statutory accounts to be produced and audited.

Prime strongly believe in delivering a personal service to all its clients and currently work with numerous overseas owned companies with UK subsidiaries providing a range of accounting solutions.

"Setting up a business in the UK can be quite daunting, particularly when trying to familiarise yourself with completely new legislation. We've removed this burden from Vector by taking on this role - we'll monitor deadlines for them and ensure that all the correct documentation is filed in a timely manner," said Kevin Johns, Vector's Relationship Director at Prime.

"We can also provide the head office team with the financial information they require as and when they need it giving them peace of mind, knowing the financial position of the company at any given time," continues Kevin.

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Prime Coventry
29 Warwick Road, Coventry, CV1 2ES
T: 024 7622 0208 E: coventry@primeaccountants.co.uk

Prime Solihull
Marlborough House, Warwick Road, Solihull, West Midlands, B91 3DA
T: 0121 711 2468 E: solihull@primeaccountants.co.uk