Asesoramiento Económico-Financiero

Chartered Accounting Services

As business transactions are becoming more complex, how they are valued and recorded also requires further in-depth analysis. In this aspect, Alesco understands that an expert chartered accountant's services are crucial to ensuring that your financial statements reflect the actual reality of the transactions in a way that is beyond reproach.

Our services in this area include:

Restructuring of Corporate Groups

Alesco are experts in handling the accounting records of restructuring business groups, be they mergers, divisions, non-cash contributions, asset transfers and liabilities, etc. Our involvement begins not just from the moment the restructuring decision is taken but also from the outset, ensuring that the accounting record and possible tax implications fully meet the managers, management, and shareholders/partners' expectations.

Preparation of Consolidated Annual Accounts and Consolidation of Financial Statements.

Our professionals have a wealth of experience in consolidating corporate groups' financial statements, both national and international. They are used to dealing with the complex and sometimes misleading nature of this kind of work, from requesting information from the various subsidiaries, adapting their accounting criteria with those of the matrix if no standard criteria exist, to identifying the main risks involved in the consolidation process.

Interpretation of Accounting Rules

Our many years of experience as auditors and expertise across many fields allows us to offer the best possible advice to our clients on the application or interpretation of accounting principles and standards, consultations and the resolutions of any doubts on accounting matters, as well as the adaptation of financial statements to or from accounting principles that are not typically used in Spain.

Valuation and Sale Services

The decision-making process involved in buying and selling businesses, companies, and corporations is complex and requires much analysis. Both the buyer and the seller are subject to a series of obligations and guarantees towards each other, resulting from the signed purchase and sale contracts. Receiving the proper advice on these processes can be the key to their success or failure.

With regard to these areas, Alesco offers the following services:

Performing accounting and financial “Due Diligence”, whether commissioned by the buyer or seller, to identify potential risks and contingencies as a basis for negotiation and in turn achieve a successful outcome.
Business valuations. Utilising the different valuation techniques recognised in the market, you can provide a range of values to be assigned the business or company that you wish to transfer or acquire.
Preparation of sales notebooks. In order to sell a company on the market, it is necessary to value the activity it carries out and prepare the proper documentation that allows a third party to independently assess the company's ability to generate business via its range of products or services, logistics, marketing systems, the current state of finances, the main assets and employment situation. The document should demonstrate the strengths of the company and the reality, which can include its weaknesses. There is no point hiding something that will eventually come up during the sale's process and potentially end up derailing the transaction. In situations like these, "time is money", and so providing documents that deliberately cover up certain aspects will not only be detrimental to the sale itself but will also potentially affect additional sales opportunities.

Corporate Restructuring Services

When a crisis situation worsens, the company must first assess the situation they find themselves in and then take the required steps to get through these periods of uncertainty. On many occasions, it is necessary to undertake a restructuring process in order to focus on the company’s core business, improve profitability and reduce or streamline the financial structure.

Alesco Partners provide several services to deal with such situations; these include:

Independent Business Reviews (IBR). Undertaking an independent business review allows the company to see in black and white where the source of the problems occur and, in doing so, offer the ability to find solutions moving forward. It shows what cash flows are, or could be, generated by the company to determine its long-term viability and how to generate a cash flow to get through a crisis according to predefined scenarios. Detailed analysis and explanation of these characteristics to all sides involved in the restructuring process can be decisive in terms of success.
Help in the search for financing in traditional or alternative markets. In times of crisis, restrictions concerning credit markets' access increase and the ease of obtaining or maintaining financing become significantly more complicated. Alesco's team of professionals and their collaborators are experts in finding and opening up new avenues of finance that allow companies to meet their expectations regarding growth, diversification, and corporate restructuring.

Support and assistance in insolvency proceedings. In cases where reconstructing measures have not succeeded, Bankruptcy Law sets out the necessary steps for the company to undertake a judicially protected restructuring process with a Bankruptcy Administrator's aid. Our team of professionals at Alesco, backed with years of experience in insolvency administration, will advise and guide the client through every step of the process, from preparing the application for the protest, developing proposals, etc..