The UK's leading Direct Debit Bureau pass accounts audit with flying colours

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Surrey-based Direct Debit specialists, SmartDebit, have recently had their accounts audited by Menzies LLP.

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SmartDebit’s decision to be audited falls in line with their long term strategy. A full and complete audit of SmartDebit’s financial accounts and processes has been carried out by Menzies LLP. As part of the audit, a review of the Client trust accounts was completed to ensure that there is total transparency and accuracy throughout the operation of receiving and repatriating client funds. This culminated in Menzies signing off the financials with flying colours.

The successful audit means that SmartDebit have met their statutory reporting obligations, their financial statements have been approved and working practices verified.

Terry Jones, Managing Director of SmartDebit, said, “The Company’s business strategy highlighted the need to appoint corporate financial advisors, resulting in a tender process. With many other firms able to provide a similar service, Menzies stood out from the crowd. They understood our requirements and impressed us with an expert team and a hunger to work with us. The relationship was strong from the initial meeting and has already proven a success.”

Julie Adams, Managing Partner of Menzies LLP, commented, “We are delighted at having the opportunity to work with such a dynamic, progressive company. As our relationship develops, we look forward to deepening our understanding of their business and strategy, and to working with them providing commercial advice that helps them achieve their ambitions.”

About SmartDebit

SmartDebit is the UK’s leading Direct Debit Bureau, specialising in payment processing services since 1998. A Bacs approved Bureau, scoring ‘Excellent’ in all five categories of the Bacs audit, and ISO 27001 compliant. Providing a complete range of services: Outsourcing; SmartDebit-Admin cloud based portal; SmartDebit-Online payer sign up; SmartDebit-API integrated solution and SmartDebit-Contingency.

About Menzies LLP

Menzies provides accountancy and business advice to help business owners reap the full rewards from their enterprise. We make time to get to know our clients, fully understand their businesses and work closely with them to resolve their problems.

As well as accounting and audit, specialist teams advise on corporate and personal tax, VAT, international tax, corporate finance, private client, business restructuring, HR consultancy, outsourcing and payroll.

Menzies is a member of HLB International (, a world-wide network of independent professional accounting firms and business advisers.

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