How We Help Life Sciences Hub Wales on Cardiff Bay

A ‘go to’ trusted business adviser and financial services provider for Life Sciences Hub Wales - including outsourced directorship, audit, payroll, financial reporting, tax and business advisory services.

'We particularly value the delivery, advice and ability to consult.'

Life Sciences Hub Wales (the Hub), came to KTS Owens Thomas in 2014, needing both financial and business expertise to help establish itself as the nerve centre of the Welsh life sciences community.

The Hub’s purpose is to support life sciences businesses with start-up guidance, precision partnering, referrals, market intelligence, funding and investment opportunities and NHS Wales engagement. Whilst also providing access to dedicated facilities, events, promotion, and networking opportunities.

KTS Owens Thomas provides a ‘3D Accountancy’ (3DA) service, getting to really know a business and producing solutions that ultimately help clients grow, something which appealed considerably to the Hub in its early days of operations.

Following a 3DA consultation, a solid relationship was forged with the Hub and we remain today both their ‘go to’ trusted business advisor and financial services provider. Carol Warburton, director at KTS Owens Thomas, now attends the Hub Board to help advise and support growth strategies. Life Sciences Hub Wales use our following services:

  • Financial Director Outsourcing
  • Internal Audit
  • External Audit
  • Accounting & Payroll
  • VAT Advisory
  • Management & Financial Reporting
  • Tax Compliance Services
  • Business Advice

What the Client said

“Life Sciences Hub Wales has worked with KTS Owens Thomas for over two years, during which they have provided a fully outsourced finance function including provision of Accounting, Bookkeeping, Payroll, VAT Advisory, Management and Financial Reporting, and Tax Compliance services. They are also our trusted business advisors, providing additional business advisory support as part of their 3D Accountancy service. KTS Owens Thomas prepare for and project managed our external and internal audits (with seamless liaison with outsourced assurance functions) and provide us with an outsourced financial director who sits on our Board to help us strategically grow and develop.

“We have derived significant value from their support and advice in respect of governance, risk management, policies and procedures, and control systems. The Board and our Audit Committee particularly value the delivery, advice and ability to consult with the outsourced financial director, who brings significant experience in the public and private sectors. In fact they provide insightful, proactive, and necessary input to the Board and our Audit Committee operational and strategic deliberations on a regular basis. KTS Owens Thomas brings a no nonsense approach combined with professional delivery and strong political awareness – combined into a unique and cost effective solution which for us, is highly valued.” (Penny, Director at Life Sciences Hub Wales)

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