Professional Services

We provide specialist accounting, tax and business advisory services to professional services firms across the North East and Yorkshire, including legal, consultancy, advisory and partnership-based businesses.

Speak to an expert

Professional services accountants and business advisors in the North of England

We provide specialist accounting, tax and business advisory services to professional services firms across the North East and Yorkshire, including legal, consultancy, advisory and partnership-based businesses.

Professional services organisations are unique. They vary in size, structure and operating model, and face increasing pressure from regulation, competition, pricing challenges and changing client expectations.

We work with you to provide clear, practical advice that supports growth, improves financial performance and ensures compliance.

Specialist support for professional services firms

We understand the challenges faced by professional services businesses, including law firms, accountants, consultants and other fee-based organisations.

Our support goes beyond year-end compliance. We help you manage your business effectively throughout the year.

We advise on:

  • Year-end accounts and financial reporting
  • Tax planning and compliance
  • Cash flow management and forecasting
  • Profitability and performance improvement
  • Business structure and incorporation
  • Succession planning and exit strategy
  • Mergers, acquisitions and consolidation

Our role is to give you the financial clarity and strategic insight needed to run a more efficient and profitable practice.

Professional services advisory and growth support

The professional services sector is changing rapidly, with increasing consolidation, regulatory requirements and the growing impact of technology on how firms operate.

We provide proactive advice to help you adapt and grow, including:

– Strategic planning and business modelling
– Financial management and performance reviews
– Management accounts and KPI reporting
– Cash flow forecasting and funding support

SRA compliance and legal sector expertise

We have extensive experience supporting law firms and legal practices with regulatory and financial compliance.

Our legal sector services include:

  • Solicitors Regulation Authority (SRA) Accounts Rules reviews
  • SRA compliance support and guidance
  • COFA (Compliance Officer for Finance and Administration) support
  • Training for partners, fee earners and finance teams
  • Virtual Finance Office support for month-end processes and reporting

We help ensure your firm remains compliant while operating efficiently and confidently.

Tax services for professional services firms

Tax planning is essential for professional services businesses, whether you operate as a sole practitioner, partnership, LLP or limited company.

We support you with:

  • Income tax and business tax planning
  • Corporation tax compliance
  • Capital gains tax planning
  • Partner remuneration and profit extraction strategies
  • Long-term tax and succession planning

We also work closely with private client specialists to help partners manage personal tax obligations and improve cash flow planning.

Professional services firms we support

We work with a wide range of professional services organisations, including:

  • Law firms and solicitors
  • Barristers and chambers
  • Accountancy practices
  • Management and business consultants
  • Financial advisory firms
  • Specialist professional partnerships

We understand the commercial and regulatory pressures across each of these sectors and tailor our advice accordingly.

Strong financial management is critical for professional services firms, particularly those with partnership structures and variable billing cycles.

We support you with:

Cash flow forecasting and planning
Working capital management
Funding applications and lender support
Management accounts and financial reporting
Profitability analysis by partner, team or department

A trusted advisor to the professional services sector

We are proud to have built strong relationships across the professional services community, working closely with firms to provide ongoing support, insight and strategic guidance.

We stay up to date with regulatory and market changes so we can help you respond quickly and confidently.

Speak to our professional services specialists

If you are looking for experienced accountants and advisors for professional services firms in the UK, we are here to help.

Contact our team today to find out how we can support your firm with expert compliance, tax planning and strategic business advice.

True words
Real clients

I have worked with Clive Owen LLP for over five years now and I would highly recommend their services. Historically we used Big 4 advisors and I am pleased we made the move as we very much feel a valued client of the firm.

Currently they act as auditors and assist with tax advisory and compliance work. In addition, we have worked with their grant advisory team in order to secure a grant to assist with our business growth.

Over the years they have developed a good understanding of our business, managing expectations and delivering to agreed timescales. This continued throughout the pandemic where through good communication and team work on both sides, we were able to sign off the 2020 audit in line with previous timescales whilst conducting the audit remotely.

The staff team are professional and flexible. Kevin Shotton is always available to support and provide proactive advice.

We get great service and support from the team at Clive Owen LLP.

Royston

Carmel College

We have worked with Clive Owen LLP during the school’s first year of Academy status and have found the company to be a thoroughly professional organisation. As well as undertaking the yearend audit and responsible officer role, they have provided a number of training courses which we have found very useful. Of particular interest was the session on ‘Academy Finance’ where governors gain a better understanding of the issues we may face as an Academy – funding environment, VAT, gift aid, corporation tax and cash flow implications to name but a few.

Carmel College, Chief Executive Officer

Harry Hall

I am Group Finance Director for the International Riding Company Limited, which incorporates the following companies, Harry Hall (on-line retailer of equestrian products and services), Stuncroft Limited (manufacturer and wholesaler of tailored clothing including bespoke MTM suits) and Huufe Limited (Equestrian App that uses GPS to track and trace your rides)

We appointed Clive Owen LLP in April 2017 and since then they have helped to undertake all audit, tax and R&D work for the group and its subsidiaries. Clive Owen have become a valued partner, acting as consultants on the strategic direction of the company.

Our business is unique with many differing options from manufacturing and retail to subscriptions and insurance – Clive Owen have added value by enabling us to provide shareholder wealth.

Providing informative solutions to strategic business decision making above and beyond the traditional role of auditors means that I would absolutely recommend Clive Owen for their continued proactive approach to the direction of the business.

Harry Hall Ltd

At Kasai UK, we greatly valued the support provided by Clive Owen LLP in securing a Business Growth Fund grant to help develop our solvent-free manufacturing process.
Their expert guidance and proactive management of the application played a key role in helping us access the funding needed to support our greener, more sustainable production ambitions.
As a business that is becoming increasingly climate-conscious, it was important for us to work with advisers who share similar values. Clive Owen’s commitment as climate champions meant they really understood both our commercial objectives and our environmental priorities, adding genuine value throughout the process.

Anne Marie Coyle, Kasai UK

Kasai UK