Flexible Financial Support for an International Upstream Energy Company

When a newly incorporated upstream energy company set out to establish its business in the UK and internationally, Upstreamly was there from the outset. We advised the company on structuring its UK setup, helping steer around the complexities of the UK tax landscape to ensure full compliance with VAT, corporate tax, and payroll obligations. By embedding ourselves early, we helped the business build a strong, compliant financial foundation from day one.

Upstreamly played a critical role in developing the company’s accounting manual and financial policies, ensuring they were fully aligned with IFRS. We also took ownership of compiling statutory financial statements, laying the groundwork for transparent reporting, audit readiness, and long-term scalability.

As the business evolved, changes in leadership created new needs. Upstreamly’s flexible service model allowed us to expand our support seamlessly, delivering a full outsourced finance function. We managed day-to-day financial operations, oversaw treasury administration, and coordinated all key reporting requirements without disruption. We also managed the external audit process from start to finish, liaising directly with auditors to ensure a smooth and efficient audit outcome, providing leadership with continued assurance over compliance and governance.

Key Upstreamly Attributes:

  • Advisory expertise, navigating UK VAT & corporate tax complexities

  • Flexible and scalable support model with fast reaction times

  • Proactive partnership from incorporation to maturity

  • Audit management expertise ensuring smooth regulatory compliance

  • Seamless gap-filling during leadership transitions

  • Long-term trusted advisor status including post-handover

When a new Finance Director was appointed, we worked closely with them to establish and transition to an in-house finance team. Thanks to the robust systems, processes, and reporting structures we had implemented, the handover was clean, efficient, and low risk. Importantly, we continued to support the business post-handover, retaining responsibility for selected services the company chose to keep outsourced.

This engagement demonstrated the depth, reliability, and flexibility of Upstreamly’s approach. From initial incorporation and IFRS-compliant setup to full operational delivery and eventual transition support, we adapted quickly to evolving requirements. We continue to serve as the company’s trusted accounting, tax and advisory partner throughout its growth journey.