The preparation of management reports on a regular basis, provide Owners and Directors with frequent and up to date information on the financial performance of their company. This is key in order to always ensure that Management is making informed commercial decisions which in turn will maximise profits while minimize the risk to the enterprise.

We prepare management accounts based on your preferred frequency—monthly, quarterly, or biannually. In the case of foreign shareholders, management accounts are recommended by our advisors in order to assess in advance, the potential dividend distribution that may take place before year end.

We can assure our clients, that with our bespoke advice following the preparation of these reports, our recommendations will be provided immediately to rectify any defalcations or deficiency in the accounting systems.

Liaising with Auditors & Parent Companies

In the case of international clients setting up a structure with a trading company in Malta being the subsidiary of a holding company registered outside Malta, we can also take care of the accounting and liaising as required with auditors and accountants abroad. This is also the case when the clients set up a branch in Malta, whereby we liaise with the accounts and audit department of the client in order to obtain the necessary documentation for statutory requirements.

Grants and EU Funding Assistance

We proactively and ongoingly inform our clients of available EU funding opportunities and grant schemes that can benefit their business. 

Clients are specifically informed of such grants through the identification exercise we do through the normal course of updating our clients’ accounting records. We conduct identification exercises to match businesses with relevant funding options. 

Our dedicated team continuously researches new grants and funding opportunities across various industries, ensuring our clients receive timely updates on financial incentives that align with their business goals. We pride ourselves to be leaders in this area.

At Parker Russell Turner, we provide expert business consulting services to help our clients strengthen their operations, optimize efficiency, and drive sustainable growth. Our strategic advisory services ensure that businesses remain competitive by improving processes, reducing costs, and implementing best practices tailored to their industry.

Our services include:

• Process Assessments & Optimization – Evaluating business workflows, identifying inefficiencies, and recommending improvements to enhance productivity.
• Industry Best Practices – Keeping businesses informed about evolving industry standards to ensure operational excellence and cost-effectiveness.
• Business Planning & Financial Strategy – Developing business plans, cash flow projections, and profit improvement plans to support decision-making and financial stability.
• Business Reengineering – Restructuring operations, refining business models, and implementing strategic changes to boost overall performance.

With our hands-on approach, we help clients streamline their processes, improve profitability, and ensure long-term success in an ever-changing business landscape.

We support clients in securing the necessary funding for their business needs through our Bank Health Check service. Our expert team conducts a thorough financial analysis, evaluating both your business’s financial position and existing financing arrangements.

Our services include:

• Assessing and improving current financial structures.
• Assisting with bank negotiations to secure optimal financing solutions.
• Exploring alternative banking institutions for better financing terms.
• Advising and assisting startups and businesses on funding opportunities for new ventures.

Clients are then advised on ways through which their current financial arrangement may be ameliorated. The client is then assisted in approaching his or her bank in order to discuss the way forward in terms of such arrangement. We also assist clients in consulting other banking institutions in order to obtain the best deals.

We do not only assist clients who require re-financing of their current arrangements but also assist clients in the case of new business ventures or projects. New opportunities for new start-ups are communicated ongoingly to leverage the business.

Our advisory department is geared to provide clients with any report which is requested by the bank such as feasibility studies, cashflows and business plans. Similarly to all our services, these are prepared in a timely and cost effective manner.

Malta is not only popular for its strong and stable political and economic environment but also for its robust and efficient banking system. Malta hosts a number of established banks both locally based and international banks. The two major banks in Malta are Bank of Valletta plc and HSBC Bank Malta p.l.c.

Banks in Malta undertake a rigorous due diligence process in accordance with Anti Money Laundering regulations. This has been the key to the maintenance of the robust banking system in Malta. At the same time, this process may bring about ambiguity to the client. Therefore, our Corporate department handles the whole process on behalf of the client, whereby we do not only liaise with the respective bank of choice of the client, but also prepare and submit all the necessary documentation.

On behalf of the client, we also handle other ancillary banking services such as:

• Opening corporate and personal bank accounts.
• Online banking applications.
• Debit and credit card applications.
• Third-party payments and 
• Issuing bank drafts or cheque books.

Through our international network, Parker Russell International, we are also able to extend these services to any other jurisdiction according to the preference of the client.