A springboard to global growth
Andrew Cahn, UK Trade & Investment

Innovation: the business of shaping our world
David Golding, Technology Strategy Board

Going global
Jonathan Kestenbaum, NESTA

Diversity is good for innovation
Annette Williams, UKRC for Women in SET

Promoting physics supporting physicists
Institute of Physics

The cost-saving CEO
Taylor Wessing

The BIC network
UK Trade & Investment

Innovation inspires R&D tax relief



Addressing cross sectoral issues
Integrated Products Manufacturing KTN

Research Councils

Meeting the global challenge
Research Councils

The UK?s National Science and Innovation Campuses
Science & Technology Facilities Council

Aerospace & Defence

Enabling technology through innovative approaches
Aerospace & Defence KTN

Defence technologies for civilian applications
Ploughshare Innovations


Securing the future
Intellect Association for Biometrics


Supporting life sciences in the capital
London First

Tackling the threat of electronic crime
Cyber Security KTN


From invention to innovation
Electronics KTN

Grid Computing Now! KTN


A global fusion
UK Atomic Energy Authority

Design for a one planet economy
Giraffe Innovation

Managing carbon in the corporate and public sectors
Greenstone Carbon Management

Towards an energy efficient future
British Electrotechnical and Allied

Manufacturers Association (BEAMA) Home help
Energy Institute


Connecting people and technology
Health Technologies KTN

A centre of excellence for innovative translational research
University of Birmingham

Feeling your way to design success
NHS Institute for Innovation and Improvement

University-industry collaborations
Imperial College London

Lost in translation
Pearson Matthews Innovation Consultants

Location and Timing

Location and Timing KTN
Intelligent Transport Systems

Mapping the route to intelligent transport systems deployment
Innovits KTN

Drive down fleet costs and reduce carbon emissions?
Energy Saving Trust

DRIVENet and sustainable vehicle engineering
Oxford Brookes University


Breaking the mould
Manufacturing Technologies Association

University of Nottingham

An innovative history
Scott Bader

Innovation for tomorrow?s built environment
Modern Built Environment KTN


Innovations in materials deliver value for money
Materials KTN


Nanotechnology in the UK
Nano KTN

Linking technology push with market pull

Running the risks
European Nanotechnology Trade Alliance

Nanofabrication solutions
Kelvin Nanotechnology

Innovative science for global applications
Oxford Instruments

Leading positive change for global industry
The Centre for Process Innovation


Making light work for industry
Photonics KTN


Unlocking the potential of the UK?s sensing community
Sensors & Instruments KTN


Investing in the future
Invest Northern Ireland

Ulster innovation delivering business success
University of Ulster

Focus: Northern Ireland

Belfast ? a city of creativity and innovation
Belfast City Council

A natural centre for innovation
London Development Agency

England?s East Midlands ? an innovative region
East Midlands Development Agency

Making it in Leeds
The City of Leeds

Collaboration in wireless technologies
Wireless Centre of Industrial Collaboration

Industrial Collaboration at the University of Leeds
Engineering Design CIC

One North East

Focus: North West of England

Connectivity, Catchment, Cost
St. Helens

Focus: South West of England

Be part of the equation
West of England Partnership

All change for Hastings
Innovation Centre Hastings

ITI Scotland


Raising the standards
UK Science Park Association

Special focus: collaboration
Edinburgh Science Triangle

Innovation: the key to economic growth
County Durham Development Company

Solutions across boundaries
Norwich Research Park

Partnership provides innovation success
Wolverhampton Science Park


The outsourcing advantage
Business Services Association

Fast start UK
Tenon Outsourcing

Inward investment trends

Divine intervention
British Business Angels Association

Know your rights
Intellectual Property Office

A perfect patent
Beresford & Co

Putting IP at the centre of business strategy
Cambridge Intellectual Property


Science lessons
GovNet Communications

Useful addresses



Fast start UK

If you?re looking to do business in the UK, make sure you pick the right partners. Whether your aim is expansion, or simply a change in location for your front office, it?s essential to find a trusted partner for business, financial and tax advice

Opening an office or business in a new region is a major investment and can carry a lot of risk. Mike Sables at Tenon Group?s Windsor office, has helped hundreds of overseas businesses make a successful move into the UK.

?Once you?ve made the decision to expand into a new market, it?s essential to start building your business as quickly as possible,? says Mike.

?And to do that, you need your senior people focused on core business. We can enable you to do just that by taking care of essentials such as legal and trading structures, taxation, human resources and financial management.? The Tenon Group is one of the UK?s largest firms of business advisers and accountants. The Windsor office ? just 10 miles from Heathrow airport ? specialises in business services, tax planning, VAT, employee benefits and HR. Many of these services can be completely outsourced as a cost-effective way of launching a business in the UK.

Chosing the right accounts package

Keeping start-up costs under control is essential. However, these days, it is practically impossible to build and run an international business without high-level Enterprise Resource Planning (ERP) software. Purchasing an accounting package such as Microsoft Dynamics GP up-front would require a major capital outlay, for example. But can you afford to do business without it? ?Tenon clients get immediate access to hosted Microsoft Dynamics GP on a Software as a Service basis (SaaS). This saves them having to pay significant sums of cash up-front in licences and staff training,? says Mike.

World-class hosted software

For international companies coming into the UK, there are a number of choices of accounting software. Mike explains the reasons why Tenon has developed a close relationship with Microsoft to give Tenon clients affordable, scalable access to the Dynamics GP package. ?In our opinion, Microsoft Dynamics GP is the ideal accounts package for international companies coming into the UK. Even if your UK operation is small initially, you will still benefit from using a package which can deal with complex business and accounting structures. Dynamics GP can deal with complex chart of accounts and multiple currencies, for example. ?It is multi-seat ? so that many people can use the software and access the database simultaneously, without any loss of performance.

?Dynamics GP also produces highly sophisticated accounting reports,? says Mike, ?and these can be tailored to provide companies with exactly the information they need. ?International companies can securely view their data from anywhere in the world ? giving Chief Finance Officers the opportunity to keep track of subsidiary offices from their own desktop, wherever that might be.?

Tenon provides hosted access to Microsoft Dynamics GP, and this gives clients total peace of mind, because their accounts information is fully protected and backed up in a professionally managed third party data-centre. ?Tenon has an exclusive relationship with Microsoft,? says Mike Sables. ?And because of the size and number of clients who outsource finance services through us, we can provide Dynamics GP software as a service, and pass on massive economy-of-scale savings.

?Our clients get high-level support. And, of course, whenever there is a software upgrade, we automatically apply it. Whereas it can be prohibitively expensive for many companies to keep enterprise software up to date, we can absorb this cost and share it across our hundreds of clients because of our special relationship with Microsoft.?

Getting the structure right

Tenon Outsourcing has identified three key areas which support your core business when setting up in the UK. Think these through from the beginning and you?ll reap the benefits: 1. Tax matters and legal trading structures; 2. Financial management and reporting; 3. Recruiting and managing your human resources.

Tax matters and legal and trading structures

Deciding the right legal structure for your UK business is an important decision. You?ll have to decide whether to trade as a branch of your non- UK company, or as a stand-alone operation. If you will be carrying out a variety of commercial activities in the UK, there may be benefits in operating each one in a different way. Value Added Tax (VAT) and Customs Duty are complex subjects in their own right. You will need to establish whether you are obliged to register for VAT (and there may be advantages in registering for VAT even if you are not obliged to) and whether your products are liable to UK import duty.

Financial management and reporting

With good financial information you are better placed to take the right strategic and commercial decisions. You are also more likely to get the support of your head office if you are able to provide an accurate, real-time picture of the UK office?s trading and financial position. Most businesses opening a UK office will benefit from support and local, expert advice on sales invoicing, credit control, tax/VAT returns, purchase ledger management, payments to suppliers, expense claims ? and above all, preparing regular management accounts and reports.

Recruiting and managing your human resources

You will need to recruit good people locally and reward them appropriately, and also look after any of your people who you relocate to the UK. Tenon advises on and administers employee benefit packages. This starts with sharing knowledge of what other similar companies are offering, and means that your employees have just one point of contact for managing all of their benefits.

Hit your business targets fast

?Usually, we can demonstrate that Tenon will actually save you money on delivering services such as payroll, financial management, employee benefits and accounting software ? particularly given the excellent relationship we enjoy with Microsoft and our ability to offer hosted access to their enterprise finance software.

?All of this enables our clients to concentrate on getting to the market faster ? developing their own client relationships and sales income ? while we take care of the generic, back-office functions, using our economies of scale to give them systems that would otherwise be a huge drain on start-up capital.? As the owner of one client company said: ?Not only has the professionalism of our accounting transformed but it?s enabled me to drive value in our business which is what my role should be.?

Tenon Outsourcing
Amberley Place
107-111 Peascod Street
WINDSOR, Berkshire SL4 1TE, UK
Tel: +44 (1753) 754574