Service
Technical AccountingSector
TechnologyLocation
YorkshireAMTE Power Plc (“AMTE”) is a leading battery cell manufacturer and one of the only companies making them in the UK today. They have been producing cells for over 30 years from their factory based in Scotland, which can trace its roots back to the birth of lithium-ion battery cell technology, first patented in the UK. They will undoubtedly play a key role in supporting the UK’s net zero carbon strategy.
In 2021, AMTE was admitted onto the Alternative Investment Market (AIM) stock market and underwent an IFRS accounting transition as part of the admission process.
In June 2021, our Technical Accounting team were introduced to assist with the first set of IFRS statutory accounts for the group and subsidiaries. Since then, the team have spent time getting to know the finance team at AMTE and subsequently now also assist with their year-end accounts, half-year accounts, tax compliance, payroll and EMI reporting.
The team have a high level of professional aptitude and technical knowledge to deliver the good quality Accounts and HY report to us. Also, we established good communication and they were always happy to advise us on more complex transactions and disclosures, requiring deep understanding of our business.
Working with us, they demonstrated a helpful and positive approach and met deadlines in a timely and appropriate manner.
When a company accelerates through a period of growth, particularly when they are regulated on a listed market, technical accounting support is inevitable. Azets has now become an extension to AMTE’s finance team and help them to address any complex accounting questions ahead of the financial year end, taking away the unnecessary additional time pressures for AMTE when timetables are tight.
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