Setting up in the UK from abroad

Licence, insurance and the small print

You are considering handing a firm in another country your UK company. Everything you would want to check is on this page.

The firm

UK Subsidiary is a trading style of Buzz Accounting Ltd, a company registered in England and Wales.

Legal entityBuzz Accounting Ltd
Company number15182358
Incorporated2 October 2023
Registered office16 Aylmer Parade, Aylmer Road, London, N2 0PE
VAT numberGB481 882 554
DirectorsAndrew John Jackson, Peter Allen
ICO registrationZB869937

Licence

The practice holds a practising licence from the Association of Accounting Technicians through Peter Allen MAAT, licence number 1001556. AAT licences are granted service by service, and the licence sets limits on what a licensed member may do. Statutory audit, insolvency work and reserved legal activities including probate are outside it, and we do not carry out any of them.

Professional indemnity insurance

InsurerAXA Insurance UK plc, registered in England and Wales no. 78950, 20 Gracechurch Street, London EC3V 0BG. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority
Limit of indemnity£300,000 any one claim
Excess£1,000 each claim
Period of cover1 July 2026 to 30 June 2027
Retroactive date2 October 2023
Territorial limitsThe policy does not cover claims pursued in the courts of the United States of America or Canada, or work carried out from an office in either country
Arranged throughThe ICPA scheme, via Rhino Protect Limited

This disclosure is made under the Provision of Services Regulations 2009. Clients whose parent company is in the United States or Canada should read the territorial limitation above and satisfy themselves it is acceptable before engaging us.

Anti-money-laundering supervision

The practice is supervised for anti-money-laundering purposes by HM Revenue & Customs under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. We are required to identify and verify our clients and their beneficial owners before acting, so the documents we ask for at the start are not negotiable.

Where the work is carried out

Work is carried out by the practice's teams in the United Kingdom and by its registered company in Pretoria, South Africa, with UK review and sign-off. Personal data may therefore be accessed by our own employees in South Africa, under the UK international data transfer agreement. If you would prefer your work to be handled only in the United Kingdom, tell us before you engage us and we will confirm whether we can accommodate it.

What we are not

  • We are not a law firm and are not regulated by the Solicitors Regulation Authority. We do not provide legal advice or carry out reserved legal activities.
  • We are not authorised by the Financial Conduct Authority and do not give regulated financial advice, nor do we sell or arrange insurance.
  • We are not registered auditors and do not carry out statutory audits. Where a subsidiary needs one we introduce a registered audit firm, which you engage directly.
  • We do not provide immigration advice, which is a regulated activity in the UK.
  • We do not carry out insolvency work, which is excluded from our licence.
  • We do not hold client money. We tell you what to pay and to whom; we do not pay HMRC or pension providers out of our own account.
  • We do not accept appointment as a director of a client company.

Complaints

If you are unhappy with our work, please tell the director handling your affairs in the first instance, by email to hello@buzzaccounting.co.uk. We will acknowledge within five working days and respond substantively within twenty. If the matter is not resolved to your satisfaction, you may complain to the AAT, which operates a disciplinary and complaints scheme for licensed members, at aat.org.uk.

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Tell us where the parent company is and what the UK operation has to do.

Peter Allen
Peter Allen
Co-founder — answers these himself

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