Statutory audit,
done properly
Clear timelines, minimal disruption to your team, and a reliable sign-off you can plan around.
At Oakensen, we've built a modern, efficient audit process that works around your business — not the other way around. You'll always know where things stand, what's needed, and when to expect sign-off.
Why clients come to us — and why they stay.
The businesses that find us have usually had the same experience. An auditor that overpromised, under-resourced the job, and left them chasing for a sign-off they needed weeks ago. At Oakensen our promise is simple, to do the audit properly, on time, with clear communication throughout — and to be the kind of firm you never have to chase. For group controllers managing UK subsidiaries, that means an auditor who understands group timetables and doesn't create problems. For trading businesses in the UK who've outgrown a smaller firm or feel ignored by a larger one, it means a technically excellent team that treats your audit as a priority, not an afterthought.
Trading Companies
You've outgrown your current accountant or just hit the statutory audit threshold. You need an auditor who is technically excellent, easy to work with, and won't treat your audit as a low-priority job. We typically work with trading with revenue between £10m and £100m, delivering audits that are thorough, on time, and provide valuable insight into your reporting and business processes.
UK Subsidiaries of Overseas Groups
You need a UK auditor your group can rely on — someone who understands the local reporting requirements, communicates clearly across time zones, and doesn't create problems. We work regularly with UK subsidiaries of international businesses, providing statutory audit that integrates smoothly with group reporting deadlines and parent company expectations.
Grant Funding Assurance
You've secured grant funding and need a registered auditor to sign off your expenditure report. We provide independent assurance on grant claims and funding reports, giving funders the confidence they need and giving you a straightforward, professional process that doesn't slow down your project.
Other assurance projects
Sometimes you need independent verification that goes beyond standard financial reporting— covenant compliance reports, specific transaction assurance, due dilligence or emisssions reporting. If you need a registered auditor's signature and expertise, you're in the right place.
Frequently
Asked questions
In the UK, a company is required to have a statutory audit if it meets two or more of the following criteria: turnover above £15m, total assets above £7.5m, or more than 50 employees. These thresholds changed in April 2025 and even if you were previously required to have an audit under the old limits, it's worth reviewing your position as you may now qualify for exemption. Some companies require an audit regardless of size such as subsidiaries of larger groups, companies whose articles require it, or where shareholders or lenders request one. If you're unsure whether you qualify, we're happy to talk it through.
The first step is a conversation. We'll learn about your business, your timeline, and your current financial reporting system, then give you a clear proposal. Most first-time audit clients can find the prospect of an audit daunting to begin with, but with the right partners and support it can become an extremely valuable process that helps you build a resilient, robust and scaleable business.
Very straightforward. As soon as you have made the decision we can contact your previous auditors who will handover all of the information we require and give us access to the prior years file so we can start our work. If you have an existing accountant who provides you with other services such as accounts preparation and payroll but does not have an audit registration (as is often the case in first year audits) you are not required to move all of the services over at once. We are happy to cooperate with your other advisors if you are not ready to switch everything over and want to maintain your existing relationships.
This can vary greatly depending on the complexity of your business, the sophistication or your processes and record keeping, and how prepared you are at year-end. For most of our clients the full process from planning to sign-off typically takes six to ten weeks. If you have tighter reporting deadlines than this we will conduct an interim audit during the year to complete as much work as possible before the end of the accounting period. This allows us to meet extremely tight reporting deadlines. We'll always agree a clear timetable with you upfront and stick to it.
The audit involves detailed checking of your transactions, systems and processes. We'll always send you a clear list of requirements well in advance and work with you to make the process as efficient as possible. Of course, the better access we have to your records the less input we require from your team, but we will need a willing finance contact, and to speak with someone with operational knowledge so we can really understand your business, what it does, and how it makes money.
At a larger firm, your audit will usually be handled by junior staff with senior oversight you rarely see. At Oakensen, you get direct access to experienced, ICAEW-qualified professionals throughout the engagement — people who know your business, respond quickly, and treat your audit as important rather than disposable.