S38 Consulting Property Audit

Please call +44 (0) 2031 438 638 for a no obligation discussion or email enquiry@s38c.co.uk

Property

Whether you occupy freehold or leasehold properties, you will no doubt want to ensure that you pay no more than you are contracted or obliged to pay and our property service delves deeper than the standard recovery audit process as expert property team will examine all aspects of occupational property costs;

Verify correct billings from the Authorities

Payments and over-payments

Review leases

Verify correct rents and check service charge reconciliation

Disposals

Sub-tenant Income

Change of use

Via the Accounts Payable system we will review and detect errors within the following;

Duplicate payments of all expenses from rent, service charges, insurance, repairs, etc.

Correcting misrouted or other erroneous payments

Correcting VAT treatment

Ensuring reclaims of credits due

Acquisitions and disposals review;

Acquisitions; examination of any incentives including but not limited to capital contributions, rent free and rent abatement periods.  Completion statements and invoice apportionment and VAT treatment.

Disposals; examination of all associated property costs, invoice apportionments and associated utilities billings.

Service Charges - historical review;

Apportionment methodology - floor area (specified or how measured) or fixed percentage basis and flexibility or reasonableness

Failure to apply caps

Management fees - reasonable or fixed

Review of budget v actual costs and account reconciliation

Review of major capital sinking fund treatment

Pre-contract enquiry analysis v actual costs

Recent clients state;

"we thought our ledgers were clean but need a major re-think after S38 found thousands of pounds we would have otherwise lost"

"we only knew S38 were working with us when the money arrived back in our accounts.  They were totally self sufficient and professional"

"they gave us far more money than we paid them"

"I only wish we had contracted S38 years ago but we thought that our finance system provided adequate controls against duplicate payments"

Click on the links above or email us on enquiry@s38c.co.uk for further details.

Download a full brochure here.

S38 Consulting Ltd……an innovation in revenue protection