Small to Medium Sized Enterprises ("SMEs")
Small to medium sized enterprises (“SMEs”) and owner-managed companies are required to comply with all the legislative requirements of larger businesses whilst not having enough time or resources to devote to such issues.
EPASS International has formed partnerships with selected accounting, audit and information technology firms. As a result it is able to provide companies with business advisory services in a number of areas, including:
Private Equity Investors
EPASS International develops and manages relationships with financial sponsors, private equity firms and angel investors engaged in acquisitions, buyouts, and recapitalizations of small and to middle market firms.
EPASS International advises financial sponsors, angel investors and lenders on the realizable value of going concerns, fixed assets, intangible assets and other specialized business assets.
EPASS International may also arrange debt financing for leveraged buyouts where a private equity investor has a controlling interest. We occasionally make co-equity investments where appropriate.
In addition to primary investment advice and capital-raising solutions, EPASS International specializes in providing investors and their portfolio of companies access to its comprehensive range of funding services. These services included trade receivables funding, contract funding, asset-based lending and risk management.
Commercial Banks
A large portion of EPASS International’s client portfolio consists of businesses referred to EPASS International by commercial banks. A number of commercial banks have found that working with EPASS International can be beneficial to both the banks and their corporate customers:
Through its strategic partnership with InfoSystem Solutions LLC, a provider of business-related information management solutions, EPASS International is able to offer SMEs and owner-managed companies a wide range of information technology services, including:
- Monitor credit requests to and responses from EPASS International.
- Access their transaction history with EPASS International.
- View and download archived receivables images and backup documentation.
- Transmit, receive and track customized account reports securely and in multiple formats.
Our Businesses Advisory Services
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Bookkeeping and Audit
Payroll
Tax
Information Technology
Prospective Corporate Account Holders
Problem Accounts and Non-Performing Borrowers
Non-Borrowing Corporate Account Holders
Participating and Subordinating
EPASS International offers a wide variety of services including core processing of records, full system reviews and production of timely and informative management accounts. The services can be tailored to your own needs from the provision of a single individual service to a full accounting function. The work can be undertaken either at the offices of our partner organizations, or at your own premises. We can remove the hassle often suffered by clients who don’t have the time to familiarize themselves with various accounting processes.
PAYE, NIC, Statutory Sick Pay, Statutory Maternity Pay and the Working Tax Credits all impose an administrative burden within small businesses and there can be some severe penalties onbusinesses where records are not properly kept and up-to-date. Small firms may also be unable to support a payroll clerk. In addition, staff members who are charged with managing payroll as just a part of their duties, could contribute more in other areas if extra time was made available.
Small business owners and managers rarely have the time and resources to stay abreast of recent tax changes. EPASS International is able to offer advice on the tax consequences of transferring to a limited company, VAT registration and the completion of VAT returns, PAYE schemes and other tax formalities, remuneration strategies, dividend planning and so on.
Prospective account holders often have financial needs that a commercial bank cannot initially satisfy. EPASS International can function as a short-term lender, on an interim basis, while the commercial bank positions itself as the eventual long-term lender. We eventually help the commercial bank initiate the banking relationship with its prospects.
A number of corporate account holders need financing, but are unable to qualify for bank loans. Commercial banks often introduce these customers to EPASS International, thereby eliminating the need for them to search for financing from competing banks. EPASS International helps commercial banks to successfully retain their existing clients.
Corporate customers that default on bank loans are usually assigned to a commercial bank’s "special assets division" or workout group, for the purpose of terminating their loans and recovering principal amounts still outstanding. Commercial banks frequently refer such customers to EPASS International, which acts as an alternative source of financing for troubled borrowers. As a result, EPASS International has become a very important part of commercial banks’ workout strategies.
EPASS International often works commercial banks as a co-lender. EPASS International finances commercial banks’ corporate account holders by introducing joint funding opportunities through participation agreements and accounts receivable subordination arrangements.
The referrals commercial banks make to EPASS International help secure and maintain the banking relationships commercial banks enjoy with their customers. EPASS International works with commercial banks to keep their relationships intact, leaving the door open to commercial banks for future lending opportunities.
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