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Our mission is to help our clients (mainly small
and medium sized enterprises) to be successful in their
business endeavours by providing expert financial support
services (accounting, auditing, taxation, and financial
management advice and management consultancy) at affordable
rates.
As you may be aware, there is no officially
recommended scale of charges for professional accountancy
services in the United Kingdom. As a general rule, fees
are normally computed by reference to the skill and
knowledge required for the work, the seniority of the
persons necessarily engaged upon it, the time occupied
and the degree of responsibility inherent with the assignment.
At Lexington French Associates
Limited our charge out rates for professional services
are based on the above principle and guidelines issued
by the professional Accounting Bodies under whose aegis
we are allowed to engage in public practice. In this
regard, we respect the ethical codes of the professional
accountancy bodies and the management consultancy institutes
governing the profession.
However, we are flexible and our
fees are competitive. We provide each client with
an estimate of our fees for each different type of professional
services we are to undertake on their behalf. The fee
estimates as well as the basis of computing and the
method of payment, are discussed and agreed with clients
prior to commencement of the work and would normally
be incorporated into the Letter of Engagement.
Justifiable out of pocket expenses
incurred by the firm, directors and associates in the
course of undertaking the assignments, are normally
reimbursable and are billed as disbursements
to clients.
In order to ease the financial burden
of paying for professional services, we would normally
agree for our fees to be paid in instalments
by Direct Debit for certain routine work. While
for some other services, payments are staged in
line with the work completion programme.
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