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Adminex United Kingdom

Dalton House,
60 Windsor Avenue,
London, SW19 2RR
United Kingdom
Tel. + 44 01786 470044
Director
Gavin McFarlan Watt
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Gavin McFarlan Watt
I qualified as an Accountant in the late 80’s and having worked in an accounting practice in Edinburgh (FFA, FAIA, FFTA).

In 1992 I left and moved in to a career in IT, supplying Accountancy practices with solutions for Accounts Production, Tax and Practice Management systems.

In 2003 I decided to move back into the Accounting profession and formed First Base Accountants.

We provide Accounting, Tax, VAT, Payroll services on a fixed fee basis. Also provide consultancy services such as business planning, tax strategy planning, IT advice.

We now provide accountancy services to around 250 business clients.

In 2014 we joined adminex Group, dealing with all the accounting requirements of UK subsidiaries of international businesses.

With over 10 years’ experience in guiding our clients through the minefield of tax and accounting compliance to developing business growth and management strategies, our experienced team brings a wealth of knowledge and strategic thinking to enhance the management, development and administration of our client’s businesses.

As part of the Adminex global network we are ideally placed to help businesses achieve their goals and ambitions to break into new markets across the globe, whilst reducing the burden of foreign compliance and administration, by collaborating with our fellow members, who have extensive local contacts and local knowledge in their respective countries.

As a modern forward thinking practise we strive to use the latest technology to maximise efficiency and improve communications. We believe that by using cloud based software systems we have created an environment that enables us to work hand in hand with clients throughout the world as though they were in our own back garden.

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United Kingdom

With over 10 years’ experience in guiding our clients through the minefield of tax and accounting compliance to developing business growth and management strategies, our experienced team brings a wealth of knowledge and strategic thinking to enhance the management, development and administration of our client’s businesses.

As part of the Adminex global network we are ideally placed to help businesses achieve their goals and ambitions to break into new markets across the globe, whilst reducing the burden of foreign compliance and administration, by collaborating with our fellow members, who have extensive local contacts and local knowledge in their respective countries.

As a modern forward thinking practise we strive to use the latest technology to maximise efficiency and improve communications.  We believe that by using cloud based software systems we have created an environment that enables us to work hand in hand with clients throughout the world as though they were in our own back garden.

We have a proven track record and are currently assisting in excess of 100 clients to manage their accounting and financial functions using cloud based systems.  As a result of this we became one of the U K’s first Platinum Partners with Intuit Software.

Our service is flexible, enabling you to choose the level of service you require and we will develop a solution to meet your needs.  This may be from basic tax and accounting compliance to a more sophisticated advisory role or to you outsourcing to us, your complete in house accounting and administration function.

To find out how we can be part of your team please e mail UK@adminex.com

United Kingdom Insights
  • A rising population, a low-tax regime and insulation from the worst of the Eurozone’s problems leave Britain on course to overta..
    UK could be Europe’s ‘largest’ economy by 2030

    A rising population, a low-tax regime and insulation from the worst of the Eurozone’s problems leave Britain on course to overtake Germany as Europe’s biggest economy.

    The annual world economic league tables from the Centre for Economic and Business Research (CEBR) predicts that Germany – for decades Europe’s powerhouse economy – will have a smaller economy than the UK by about 2030.

    Although strong growth by emerging economies such as India, Brazil and Russia mean that the UK will slip down the global rankings over the next two decades, the CEBR said it would be the second most successful western economy after the US.

    “Positive demographics with continuing immigration [and] rather less exposure to the problems of the Eurozone than other European economies combine with relatively low taxes by European standards to encourage faster growth than in most western economies,” the report said. “Issues for the UK include the need to further reorient its exports to the faster growing markets, an unresolved relationship with the rest of the EU and the possibility of breakup – highlighted by the referendum on Scottish independence in September 2014.”

    The CEBR said it used forecasts for growth, inflation and currency values to compile league tables of the size of economies measured in US dollars in 2013, 2018, 2023 and 2028. It said the predictions needed to be treated with caution, especially in light of the unpredictable fluctuations in currencies.

    But the CEBR said its model showed China overtaking the US to become the world’s biggest economy by 2028, by which time both will be five times as big as India, in third place.

    For some years, economists have been trying to assess when China will overtake the US. The CEBR said it would take longer than some analysts have suggested due to the continuing performance of the US as the west’s strongest economy and the slowing down of the Chinese economy.

    India is expected to overtake Japan as the world’s third biggest economy within 15 years, with Brazil fifth and Germany only just ahead of the UK in sixth by 2028. The CEBR said “Abenomics” – the anti-deflation strategy named after Japan’s prime minister Shinzo Abe – would lead to a weak yen for the foreseeable future which would affect the dollar value of its national output.

    The CEBR said: “Theoretically Germany should continue to perform well in future years. However, on the assumption that the euro does not break up, a combination of weak European economic growth, a depreciating currency, the requirement to bail out ailing economies in the rest of the Eurozone and increasingly adverse population trends mean that in this forecast Germany eventually slips down the league table.

    “Indeed, Germany is forecast to lose its position as the largest western European economy to the UK around 2030 because of the UK’s faster population growth and lesser dependence on the other European economies.”

    The study found that a break-up of the euro would improve the outlook for Germany, since it would have a “harder” currency and therefore higher GDP in dollar terms. “A deutschemark-based Germany certainly would not be overtaken by the UK for many years, if ever.”

    Other Eurozone countries will suffer even sharper falls down the league table, the CEBR said. France, currently fifth, will drop to 13th by 2028, while Italy, eighth, will be the world’s 15th biggest economy in 15 years’ time.

    The UK, currently sixth in the world league table, will move up a place by 2018, overtaking France. But by 2023 it will have dropped to seventh, having been displaced by India and Brazil.

    Source: BBC, The Guardian.

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