Selected finance and accounting services in the spotlight

nil plus ultra provides a arrange Finance, Accounting and Administration services, from Interim CFO to specific managed services, such as Payroll. The breadth of seniority of our staff enables us to provide experienced, high calibre, very pragmatic financial managers and finance directors alongside cost-effective administrators. Here are some examples:

Interim Finance Director

The service is totally dedicated to individual business needs in the short term that will put the structure in place for the business to succeed in the long term. This service is a cost effective and hands on solution, which focus’ on the out comes of the overall company strategy.

Our projects completed and experience includes debt re-structure and turnaround, change management, management buy outs, system integration, strategies enabling rapid growth, exit strategies, tax planning, forecasting, treasury management, company contracts, export and imports, company floatations.

Outsourced Finance Department

Although this service is tailored, clients typically use the following structure:

  • FD Level – Attendance at Board Meeting enabling the above.
  • Management Accountant – Producing all management information, for presentation to the board. Also all year end work and preparation. Budget preparation and reporting.
  • Financial Controller – All HMRC and Companies House procedures. Treasury Management.
  • Sales Ledger – Credit Control and invoice procedures.
  • Purchase Ledger, processing and payment of all suppliers invoicing.
  • Payroll – Production of all pay slips, year end returns, advice on employee benefits (e.g. Company Cars, pensions), starter and leaver documentation (P45 and P60), P11d returns. Please see below.

Company Due Diligence

Due Dilligence is a tailored activity, provided in the context of the sponsor’s objectives for the target business or entity. Due Dilligence activity is sometimes undertaken with a compact multi-disciplinary  nil plus ultra team, whenever non-financial aspects are under scrutiny, including business strategy, supply chain efficacy and IT fitness for purpose. Typical scenarios include:

  • Corporate Takeovers (Buy and sell decisions)
  • Investment Reports for Retail Banks
  • Preparing Companies for Sale
  • Business Forecasting/Company Going Concern Repots.
  • Company Department Profitability Reports.

All our projects are delivered with set timelines, and include a full report, with executive summary outlining our recommendations or valuations.


In contrast, we also provide useful managed services. Foe example: the Managed Payroll Service offers expert payroll administration and processing. It is designed to relieve the client of almost all the work relating to payroll but a flexible approach enables you, to specify the level of service preferred.

A typical service will include:

  • Checking of all data received before it is input to the payroll system. Wherever possible we will accept documentation already in use at your offices (original timesheets, bonus or commission listings, new employee forms etc.)
  • Accuracy of the data and results is monitored throughout the processing cycle and in accordance with our Quality Management System. Our staff will refer back to you if any problems arising require further information from you.

In addition to normal payroll calculations, the issue of pay slips and standard audit trails, we can provide a Managed Service which offers the following facilities:

  • Preview Runs
  • Automatic application of changes to Government legislation regarding Taxation, National Insurance Contributions, Pensions. etc.
  • Automatic archive of your payroll and reports. These files are then held for the statutory 7 years.
  • Automatic update of tax codes following Budget changes
  • Application of Student loan legislation.
  • Management of Statutory Sick Pay, Statutory Maternity Pay and Statutory Paternity Pay.
  • Checking of P45s for new employees before entry to system. Issue of P45s for leavers.
  • Direct contact with HMRC on all payroll related matters including dealing with routine correspondence.
  • Production of all Year End Tax returns.
  • P11D production with optional month by month monitoring of benefits in kind.
  • Net to Gross calculations.
  • Payment of expenses.
  • Answering employee queries (normally through your co-ordinator to preserve confidentiality)
  • Loans and other reducing balance items.
  • Client specified management reporting including cost code allocation, job costing and split costing.
  • Provision of data and results in a variety of computer formats (CSV file, Access Database) for posting to and to use within, your own, reporting systems.
  • Online filing of P45’s, P60’s, once granted authorization.