Legal structure and ownership

Legal structure

Grant Thornton UK LLP (the firm) is a single national limited liability partnership (LLP) incorporated under the Limited Liability Partnerships Act 2000, registered in England and Wales with registered number OC307742. Our professional activities are predominantly conducted through the LLP, while certain support and infrastructure activities are carried out through the LLP’s wholly owned subsidiaries. Within our organisation, the term ‘partner’ indicates a member of the LLP or a senior employee of the firm who is not in partnership for the purposes of the Partnership Act 1890. A list of the members is open to inspection at the registered office: Grant Thornton House, Melton Street, Euston Square, London NW1 2EP.

Ownership

Grant Thornton UK LLP is entirely owned by its members.

Regulatory body affiliation

A number of the firm’s activities are regulated by a variety of independent bodies. The firm’s audit practice is regulated by the Institute of Chartered Accountants in England and Wales (ICAEW). Public interest audit work and firm-wide procedures are examined (currently annually) by the Audit Inspection Unit (AIU) of the Professional Oversight Board, a part of the Financial Reporting Council (FRC). Each partner and director in the Recovery and Reorganisation team is licensed by one of the Recognised Professional Bodies (RPBs), which include the ICAEW, ICAS, BIS and IPA. The firm’s financial planning and certain corporate finance lead advisory work are regulated by the Financial Services Authority (FSA). In addition, the firm is subject to practice reviews by the ICAEW Quality Assurance Directorate of those activities not otherwise regulated. Grant Thornton UK LLP is a member firm within Grant Thornton International Ltd.

• Grant Thornton is a leading business and financial adviser with offices in 29 locations nationwide and offices in the Cayman Islands and British Virgin Islands.
• We are led by 235 partners and employ approximately 4,000 of the profession’s brightest minds.
• We provide assurance, tax and advisory services to over 40,000 clients comprising privately held businesses, public sector entities, a range of intermediaries, public interest entities and individuals.
• (Numbers are accurate as of 30 September 2009)