‘The view from the new kid on the block’

by Li Khabo our new Audit and Accounts Senior

Starting a new job is always unnerving, and I admittedly haven’t had lots of practice in it despite my advanced years but either way the biggest fear is that you never know what to expect. I started at O & K accountants on the 25th of June (6 weeks ago) as part of the Audit & Accounts team and I am loving every minute of it.

From the first day, everyone had that warm welcoming look which makes you have that “I’m in the right place” feeling. My workstation was ready for me from the word go and I was offered a cup of tea (I’m thinking, NICE!, I could get used to this, but I also thought this could be a ploy to ease me in gently). I am happy to report that 6 weeks on the cups of tea have kept coming.

The work has so far been both interesting and stimulating. I’ve been involved in 5 audits so far including one for a charity started by a world famous footballer and prolific striker who has been the bane of defenders the world over for years . The charity was started for the benefit of building a free hospital in his home country. I have had to put aside my loyalty to Arsenal FC and acknowledge that this is a good cause that needs to be encouraged and supported, despite the years of pain this particular striker inflicted on mine and other teams who came up against him.

O&K Sponsors at Sutton United FC   It’s not all work at O & K it seems; the company is one of the
proud sponsors of Sutton United FC.
We’ve hence had the opportunity to watch some pre-season
friendlies against Arsenal one week and Chelsea on
another week.

Despite those comfy corporate hospitality seats at Sutton United, my allegiance remains with my beloved Arsenal FC (sorry Sutton United!!), so I was delighted when the Gunners won 4-3, and I think it should have been more, but that’s for another day.

This sums up my 6 weeks at O & K so far. Back in the office, I have had all the help I need to settle into my role as an Audit and Accounts Senior. Both Farook and Simon have taken a moment every week so far to ask how I am getting along and what I am working on. This makes me feel like I not just another employee.

This is my view as the latest member to join the O & K Team.

Two Fathers, two sons, one cup final – What could possibly go wrong?

One Night in Istanbul (ONII)

2010 marked the start of an exciting relationship between Owadally and King (O&K) Accountants in Croydon and Big Ears Entertainment (BEE Ltd). Our Senior Partner Farook Owadally, was approached by his fellow directors in BEE to help raise finance for “One Night In Istanbul” a film based on a successful play, written by Nicky Allt and directed by James Marquand.

One Night in Istanbul, (ONII) includes actors Paul Barber (who recently visited O&K Accountants) best known as Denzel in Only Fools & Horses, Steve Waddington, Lucien Laviscount and Marc Hughes. ONII is based around the unforgettable Champions League Final of 2005 between AC Milan and Liverpool F.C. where a sensational comeback was witnessed by millions across the globe with Liverpool winning after going 3-0 down at half time.

The film however can be seen to be more of a family comedy with two cab drivers, Tommy and Gerry, getting involved in a risky deal which entails them taking their sons on a once in a lifetime trip to Istanbul to watch the final. Unfortunately, a perfect trip where Tommy and Gerry can bond with their sons is all too much to believe as the inevitable happens and the two cab drivers get caught up with two ruthless criminals, a bag of counterfeit cash and Hitler’s stolen cufflinks. Much like a miracle was needed for Liverpool to come back from 3-0 down against a formidable team, another miracle was required as not only was Tommy being held hostage but time was running out.Be sure to watch the movie when it’s released and watch the drama unfold.

The role that O&K accountants played in ONII is firstly as one of the executive producers of the film and also as the film’s production accountants. O&K has helped to raise finance for the film by using HMRC’s Approved Enterprise Investment Scheme (EIS) which helps limit the maximum potential risk for Investors to 42p for every pound of their investment, for a 40% taxpayer; for a 45% taxpayer the risk would reduce to 38.5p for every pound invested. The EIS scheme has proved to be attractive to Investors as regardless of the success of the film they can claim back 30% of their original investment into the scheme in Year 1. These are also other benefits of investing into the EIS scheme. More information can be seen on HMRC’s website.

ONII is hopefully set to be a success and will be released sometime in 2014. The partners of O&K have recently travelled with fellow producers, film cast and crew to Cannes for a launch party at Cannes film festival. A video clip of the party can be seen below.

Watch Here

Be sure to also check out ONII’s website and like the Facebook page where you can also see some behind the scenes videos and obtain regular updates on this exciting project.