TMF Group: Difference between revisions
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== Clients == |
== Clients == |
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TMF Group caters for an international market. Its diverse international client base includes [[Fortune 500]] and [[FTSE 250]] companies, along with other [[Public company|listed multinational companies]], [[insurance]] and [[Real estate|real estate companies]], [[financial institutions]], [[pension funds]], |
TMF Group caters for an international market. Its diverse international client base includes [[Fortune 500]] and [[FTSE 250]] companies, along with other [[Public company|listed multinational companies]], [[insurance]] and [[Real estate|real estate companies]], [[financial institutions]], [[pension funds]], [[private companies]] and private clients. |
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The company currently services around 35,000 entities for its multinational clients with no single one [[accounting]] for more than 2% of group revenues. |
The company currently services around 35,000 entities for its multinational clients with no single one [[accounting]] for more than 2% of group revenues. |
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Revision as of 14:39, 13 April 2012
 | This article contains content that is written like an advertisement. (January 2012) |
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| Industry | Professional services |
|---|---|
| Founded | 1988 |
| Headquarters |  Amsterdam, The Netherlands |
Key people | Hugo van Vredenburch (CEO), Frederik van Tuyll (COO), Maria van der Sluijs-Plantz (Vice Chairman for Strategic Development), |
| Services | Accounting and reporting services Corporate secretarial services Structured finance services International VAT & IPT Services Intellectual property licensing and collection services Human resource and payroll administrative services Domiciliary and management services Escrow services International incorporation services Process agent services Registrar and shareholder services Fund administration services Real Estate Investment services Private client services |
| Revenue |  € 412 million (2010)[1] |
Number of employees | 4,500 (2011) in over 100 offices |
| Website | TMF Group |
TMF Group is an independent provider of accounting, corporate secretarial and HR and payroll administrative services to businesses operating on an international scale.
With more than 100 offices in over 75 jurisdictions,[2] it currently claims to work with more than 50% of Fortune 500 and FTSE 250 companies.[3]
History
The company was founded in The Netherlands in 1988, and has built a worldwide presence through a combination of organic growth and strategic acquisitions. Between 2006 and 2009, TMF Group made 47 acquisitions including departments of Ernst & Young, KPMG, Grant Thornton and Baker Tilly in countries like Brazil, Argentina, Mexico, China and Australia.[4]
In October 2008, British private equity firm Doughty Hanson & Co bought TMF Group for € 750 million.[5] In January 2011, Doughty Hanson completed its €350 million acquisition of Equity Trust. This paved the way for TMF Group's merger with Equity Trust, which was completed at group level in June 2011. The merger created a global powerhouse with more than 100 offices in over 75 jurisdictions and combined revenues in excess of €400 million, with an EBITDA of €110 million.[6]
Services
- Accounting and reporting services
- International VAT and IPT services
- Intellectual property licensing and collection services
- Human resource and payroll administrative services
- Domiciliary and management services
- Corporate secretarial services
- Escrow services
- International incorporation services
- Process agent services
- Registrar and shareholder services
- Structured finance services
- Fund administration services
- Real estate Investment services
- Private client services
Clients
TMF Group caters for an international market. Its diverse international client base includes Fortune 500 and FTSE 250 companies, along with other listed multinational companies, insurance and real estate companies, financial institutions, pension funds, private companies and private clients.
The company currently services around 35,000 entities for its multinational clients with no single one accounting for more than 2% of group revenues.
TMF EU VAT Tracker
As a provider of international VAT compliance services, TMF Group has developed the EU VAT Tracker. The annual TMF EU VAT Tracker charts changes in standard VAT rates throughout the 27 European Union countries. Since the start of the financial crisis in 2007, it has highlighted the sharp rise in VAT rates across the region as countries have sought to reassure panicked financial markets of their intent to restore balanced budgets.[7]