“We have created something that is already creating waves within the sector. Everybody in the organisation is buzzing, it’s game on!”
Heath adds: “For years, Sundown has built its reputation on delivering secure, automated and compliant cloud infrastructure and managed services on Microsoft Azure.
“Now, as part of Telana, we’re excited to extend that same level of trust and expertise to Google Cloud customers as well.
“This is a great opportunity to broaden our reach and, crucially, to empower our existing Microsoft-focused clients to flex their innovation muscle with the combined power of Telana.”
Andre Azevedo, was chief executive of Ancoris and will take on that role with Telana. He is also looking forward to the possibilities the future holds for the merged business.
He describes the move as “an unprecedented combination of two pure-play technology partners”.
And explaining the thinking behind it he adds: “We saw the market shifting from leading with technology to leading with the problem, so we looked around at how we could gain more capabilities on other technologies.
“The technology services market has evolved and customers need partners who can deliver real business value across different technology stacks.
Expert View
MAKING A LISTING YOUR AIM
By David Filmer, partner and head of corporate, Forbes
The Alternative Investment Market is designed for smaller, growing companies, providing a regulatory framework that is more flexible than that of the main market.
However, this flexibility brings with it a distinct set of challenges. Those who are considering an AIM listing must not only prepare for increased regulatory and disclosure obligations but also be ready for the increased scrutiny that comes with a public profile.
In making this step, businesses are embarking on a strategic shift that impacts every aspect of the organisation. This transition requires a thorough review of existing corporate structures, internal controls, and long-term strategic objectives.
Companies need to be fully aware of the demands of operating in a public environment, where transparency and accountability are paramount.
A primary concern is ensuring compliance with the AIM Rules for Companies. Businesses must prepare for increased disclosure obligations, including the regular publication of financial statements
and updates on operational performance, as well as adapting to corporate governance standards that differ from those typical of a private entity.
Shifting from a private to a public company requires the establishment of robust corporate governance structures. This means appointing a capable board of directors and putting in place internal controls that meet best practice standards.
Such measures ensure that the business can handle the increased oversight from shareholders and regulators, maintaining transparency and safeguarding the long- term interests of the company.
Effective communication with stakeholders is essential. A consistent and clear communication strategy helps build investor confidence and underscores the company’s commitment to transparency.
While an AIM listing presents significant opportunities, careful planning and a keen awareness of the potential pitfalls are crucial for success. With a clear strategy, businesses can not only avoid these but also reap the benefits.
“Telana is setting the standard by offering both innovative and foundational capabilities. Our mission is to apply technology in a way that drives tangible business success.”
He adds: “I’ve always admired Sundown’s ability to deliver secure, compliant and high- performance solutions. Now, as Telana, we can take this expertise to a broader audience, solving more complex challenges for our customers.
“Telana is built on the foundation of applied innovation, a recognition that innovation means something different to every organisation, and that technology solutions only provide real value when delivered within the context of their businesses.
“I’ve always been proud of Ancoris’ focus on solving customer problems, and am so excited to take this same capability to new customers and across a broader scope of challenges.”
Beech Tree Private Equity has a northern operation based in Wilmslow in Cheshire. Director Luke Burns says: “Both businesses have leading capabilities in their respective industries, and together that creates a powerful combination in Telana that will offer significant incremental expertise to the combined customer base.
“We have got to know the Sundown team well over the last few years and we’re incredibly excited to be working with them as part of Telana’s growth journey.”
Catherine Cole Associate director
PierceCA pierce-c.-a.-limited
VOLUNTARY AUDITS IMPROVE DECISIONS
AND CONFIDENCE New regulations increasing the financial thresholds that determine whether a company requires a statutory audit will come into effect from 6 April 2025.
A company may be exempt from a statutory audit if it meets two out of these three criteria:
• Turnover of not more than £15m – previously £10.2m
• Total assets of not more than £7.5m – previously £5.1m
• 50 or fewer employees – no change
However, opting for a voluntary audit can offer significant benefits as it provides useful insights and ensures that the financial records on which decisions are based are accurate and robust, meaning leaders can make more informed decisions.
Audits can highlight weaknesses in internal controls that could expose the company to financial risk and provide guidance on how to mitigate those risks.
Moreover, an audit provides an independent review of financial statements, fostering trust with investors, creditors and customers and is particularly valuable when seeking finance or planning to expand.
Audits also help ensure compliance and identify opportunities for improvement in areas such as tax planning, financial reporting or industry regulations.
For rapidly growing businesses that are initially exempt from audit requirements but may soon surpass the new thresholds, it will be particularly important to plan ahead and evaluate future needs.
While the increased audit thresholds may reduce short term costs, an audit remains a powerful tool to improve financial records, strengthen internal systems and boost stakeholder confidence, providing vital stability in a changing economic and regulatory landscape.
At Pierce, our dedicated audit team is here to provide expert advice and support on how these changes may affect your business. Get in touch with us today.
Tel: 01254 688100
Email:
enquiries@pierce.co.uk www.pierce.co.uk
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IN VIEW
DEALMAKERS
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