TMF Group

TMF Group

Industry	Professional services
Founded	1988
Headquarters	Amsterdam, The Netherlands
Key people	Hugo van Vredenburch (CEO), Frederik van Tuyll (COO), Maria van der Sluijs-Plantz (Vice Chairman for Strategic Development),
Services	Accounting and reporting services Corporate secretarial services Structured finance services International VAT & IPT Services Intellectual property licensing and collection services Human resource and payroll administrative services Domiciliary and management services Escrow services International incorporation services Process agent services Registrar and shareholder services Fund administration services Real Estate Investment services Private client services
Revenue	€ 412 million (2010)[1]
Employees	4,500 (2011) in over 100 offices
Website	TMF Group

TMF Group is a multinational professional services firm headquartered in Amsterdam, the Netherlands. The independent group provides accounting, tax, HR and payroll services to businesses operating on an international scale. TMF Group employs 4,500 employees and has 100 offices in over 80 jurisdictions.^[2]

History

The company was founded in The Netherlands in 1988,^[2] and has built a worldwide presence through a combination of organic growth and strategic acquisitions. Between 2006 and 2009, TMF Group made 47 acquisitions including departments of Ernst & Young, KPMG, Grant Thornton and Baker Tilly in countries like Brazil, Argentina, Mexico, China and Australia.^[3]

In October 2008, British private equity firm Doughty Hanson & Co bought TMF Group for € 750 million.^[2] In January 2011, Doughty Hanson completed its €350 million acquisition of Equity Trust. This paved the way for TMF Group's merger with Equity Trust, which was completed at group level in June 2011.

Service lines

• Accounting & tax services: comprises a complete range of financial, accounting and reporting services designed to help companies to invest and do business across borders
• Tax services: includes Business Tax and VAT Compliance, International Tax Services, Tax Accounting & Transaction Tax services and tax advisory
• HR and payroll services
• Corporate secretarial

Other services relates to structured finance, international structuring, international incorporations, fund administration, private equity, real estate investments and IP licensing and collection.

TMF Group caters for an international market. Its client base includes Fortune 500 and FTSE 250 companies, along with other listed multinational companies, insurance and real estate companies, financial institutions, pension funds, private companies and private clients.

TMF EU VAT Tracker

As a provider of international VAT compliance services, TMF Group has developed the EU VAT Tracker. The annual TMF EU VAT Tracker charts changes in standard VAT rates throughout the 27 European Union countries. Since the start of the financial crisis in 2007, it has highlighted the sharp rise in VAT rates across the region as countries have sought to reassure panicked financial markets of their intent to restore balanced budgets.^[4]

References