A Swedish company marketing fertility products in 100 countries and listed on NASDAQ OMX Stockholm. Goodwille provides financial administration, payroll, company secretarial and local tax expertise . Good organic growth!
What challenges were they facing?
In order to better serve their customers in the UK the company decided to establish a Limited company in the country. Reviewing alternatives and requirements they felt the need to have professional support from Goodwille, to make operations easier and more time effective. Another challenge was the accounting and taxation based on local rules and therefore best handled by local professionals.
How did Goodwille help them solve it?
Goodwille provides the company with professional expertise concerning accounting processes and tax procedures in the UK. The support the staff receives, in various matters, has helped the company establish a successful sales operation on the market. The size of the operations has made it profitable to outsource it to a service provider rather than develop in-house administration. For Vitrolife this also means a more flexible situation in terms of growth.
What was the outcome?
The concrete outcome was increased sales and to be seen as new important player on the market. The help provided by Goodwille was crucial for in order to take this step.
“We wanted to work with a company supporting us with all administrational support at the same place rather than divided between a few companies – since Goodwille offers the full spectra it was a simple choice. Goodwille’s support has since the beginning been very professional. Besides supporting Vitrolife with accounting, tax and payroll matters, Goodwille also helps our local sales staff which has enabled us to really tap into the UK efficiently. We hope to continue to grow on the market through organic growth, adding products to our portfolio and gaining market shares.”
Mikael Engblom, CFO
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