"provided exceptional tax advice"

"professional, knowledgeable, experienced"

"always go the extra mile"

"years of co-operation, integrity & success"

"an invaluable partner for our business"

"huge support & genuine concern for us"

"gave me peace of mind"

About Us

Case Study

Making Critical Decisions

A Case Study of How Buckley Kiely is Helping Clients to Make Timely Decisions Critical to their Business

TOSS BRYAN

A client very close to our hearts at Buckey Kiely is, TOSS BRYAN, supplier of home appliances, garden, DIY, electrical & building supplies, based in Fermoy, Co. Cork.

Who are they?

In operation now for more than 60 years, the team at Toss Bryan in Fermoy, Co. Cork has more than 200 years of combined experience in hardware, DIY and electrical. Business for this dedicated team is all about sharing that vast product knowledge with their customers – the specialist staff in each department complement each other to ensure delivery of the highest standard of customer service possible. It’s that added service and attention to customer care that has ensured such loyalty from generations of families in the North Cork region.

What they do

A local supplier of home appliances, garden, DIY, electrical and build, Toss Bryan has an extensive range of products.

The retail departments include: paint, stoves, doors, wooden flooring, bathrooms, tiles, gardening, homeware, tools, electrical appliances, and new or pre-loved lawnmowers.

Toss Bryans staff will offer tips, advice and design suggestions for any room of your home.

It’s the added extras that make this local family business stand out from the competition and Toss Bryan has these in abundance; they provide paint mixing, servicing of lawnmowers, free potting service, free quotes, delivery, saving clubs, finance on larger items, and they even carry out your purchases to the car!

A Family Business with Loyal Support

A family run business for over 60 years, (Toss Bryan celebrated its 60th Anniversary in 2013), it all began with a small store on Patrick Street in Fermoy town, before expanding to its current location.

Toss Bryan Jr. took over the helm after his father retired from the business. Known to his friends as Tommy, he had worked in the family business from the age of 13 before later going to university and then working as a manager at Dunnes Stores for a number of years prior to his return to Fermoy.

Tommy’s wife Lourde, a graduate of CIT, joined the business in 2005 and together they now manage their current 30,000 sq ft premises on Court House Road which employs over 35 staff members.

Tommy heads up front of house sales & marketing, while Lourde, Financial Controller, is responsible for managing the financial and administrative arm of the business. Their longevity can be primarily attributed to the ongoing support of the local community and their staff’s dedication to providing exceptional advice, value and customer service that’s second to none.

The BK Connection!

Seamus Buckley originally met (a very young) Tom and his father Toss in the original shop in Fermoy one evening back in 1997. Tom was getting more involved in the family business by that time – he had plans, ambitions and needed a lot more input and guidance than they were receiving from their existing accountant. Seamus had been working a lot with another father/son business in Fermoy back then – people he is still friends with to this day.  Based on their experience, they recommended Seamus to Tom who had been friends with the son.

Seamus recalls looking at the previous three years’ accounts and going through them with Tom and his father. They discussed the fact that while there were no issues with their annual accounts, they were not very useful as a management tool. There were unavoidable inconsistencies as it was a once-a-year event and they provided a general overview as opposed to the more timely, detailed profit analysis that was really required.

Toss Bryan really needed an accountant that would actively engage with them, in partnership, to help them grow, develop and build their business. Tom heard first-hand from his friend how Buckley Kiely had done just that with them, building a relationship that was much deeper and more personal. That referral, and many others like it, has proven to be invaluable to Buckley Kiely, both in terms of gaining new business, but also in demonstrating the added-value that we can bring to companies over and above the minimal compliance to provide annual accounts.

“BK has helped Toss Bryan produce management accounts, implement better procedures and controls and also supported us with issues such as recruitment or dealing with the banks – if they don’t have the expertise in-house they always know someone who does – their support and genuine concern for us is tremendous”, said Tom Bryan. “Through boom and bust, BK has continued to help keep us profitable and they are a great source of positive encouragement. Nothing is too much trouble. I would recommend BK without hesitation to anyone in business or thinking of starting a business – BK is a firm of accountants who are professional, knowledgeable, experienced and who will go the extra mile”.

This year marks 20 years in partnership with Toss Bryan – how the years fly by! Those of us at Buckley Kiely who work so closely with them, consider Tom, Lourde and the team there as much more than clients. They are fantastic people and we take extraordinary pride in their expansion and success – long may it continue!

Timely, Good Decision-Making Key to Success

Tommy attributes much of their success to timely good decisions made at key turning points in the history of the business.

In 2002, Toss Bryan made the decision to partner with national buying groups to help boost their purchasing power and sustain price competitiveness in increasingly challenging markets. Buckley Kiely contributed to the analysis of the options available at that time, helping Toss Bryan to make decisions fundamental to the future of the business.

Very soon after, Tommy began considering a move from their then location in the town centre to a new purpose-built site on the outskirts of Fermoy (opposite Supervalu). This was by no means a small undertaking, an expansion from 10,000 to 30,000 sq. ft. involving a significant capital investment and outlay on the building, fittings and stock.  Tommy believes that Buckley Kiely were instrumental in making it happen and in ensuring the project rollout was a success. “We believed the time was right for expansion and that it could be very successful, but Buckley Kiely helped us work out a plan that proved it. Having helped us make the decision to go for it, Buckley Kiely then helped arrange the capital finance, liaised with the bank, solicitors, engineers – all the professionals, they provided help in selecting a new POS system, recruitment, implementation of new management structures and the controls required for a completely new scale operation”, explained Tom Bryan. “Turnover doubled within weeks of making the move and I believe we would have struggled without the help received particularly from Seamus and Hilda O’Donovan at BK.”

Having helped the business grow and take advantage of the boom, BK were also instrumental in ensuring survival during the recession.  Tommy recalls receiving a call one evening in early 2008 from Seamus who advised him that it was time to start cutting back on expenses. “Although it was the start of a tough period for the business, we got ahead of the curve in terms of cutting back on expenses and this was instrumental to our survival. Buckley Kiely helped us to make some tough, but necessary decisions.”

More recently, now that business is gladly back on a growth curve, Toss Bryan made the decision to invest in a much-needed upgrade to their POS/financial system.  Another significant capital investment decision, Lourde spent 12 months researching the options and received considerable assistance from Buckley Kiely before coming to a final decision.

One Stop Shop for all Home Owners

A one-stop-shop for home improvers, Toss Bryan provides a beautiful range of paint, tiles, doors, flooring, electrical appliances, bathrooms, stoves and fireplaces for indoors in addition to garden furniture, barbeques, lawnmowers, landscaping, plants, pots and bedding for the outdoors. They also stock an extensive range of household goods – a great source of beautiful, functional and decorative items for the home.

 

Location

Toss Bryan is located on Courthouse Road, Fermoy, Co. Cork.

Contact them on:             025-31833

Opening Hours:                Monday-Saturday            9am – 6pm

Sunday                               1pm – 5pm

Website:                             www.tossbryans.com

Keeping Your Best Interests at Heart

Keeping Your Best Interests at Heart:

A Case Study of How We Helped an Investment Client

During our initial meeting with a new client it came to our attention that he had invested a significant sum of money some years ago (during the boom) with one of the major Irish banks, and that the investment had suffered a significant financial loss.

At the time of making the investment, our client was advised to invest a significant portion of his savings into a high risk investment. The client had no knowledge of the markets and believing he could trust the bank, he invested his money as advised.

Within a couple of years of making the investment, and much to his dismay, he had lost all of his money! Naturally, this experience had made him very reluctant to consider ever investing money again.

Something about this case didn’t sound right, so we asked our client to provide us with full details of the investment and documents that he signed and we referred him to Richard Fowler at Buckley Kiely Wealth Management, to review.

From the day I met Richard and discussed my investment problem, all anxiety I had surrounding the issue which had plagued me for 6 years literally vanished. The advice I received was direct and delivered in a calm and detailed fashion. I was given honest advice which I really appreciated at that time. Richard took me through every step of the complaints process and I can honestly say that without his involvement I would not have gone through with it as it seemed a very daunting task. 

Having completed a review of the details, it was our position that

  1. He had been sold an investment product that was totally unsuited – the product carried a high level of investment risk that was not appropriate to the client in view of his financial objectives, age, investment timescale and knowledge of investments;
  2. The advice provided no investment diversification as the product was invested in one asset which resulted in the investment representing more than 70% of his total assets;
  3. The risks involved were not clearly explained/outlined to him;
  4. The client was put under pressure to sign up to the investment on the same day;
  5. The product and advice was weighted much more in the banks favour than the clients.

After a detailed consultation it was agreed that we would help our client make a complaint to the bank to address the financial loss. The complaint was subsequently totally rejected by the bank, and thereafter, we made a claim to the Financial Services Ombudsman.

I am forever grateful to Buckley Kiely, and to Richard Fowler, in particular, for taking such a personal interest in what happened to my investment with the bank and for fighting my corner with me all the way to the Ombudsman.  I am delighted with the outcome not least because I really didn’t expect it – the Ombudsman found in my favour and the bank has refunded 100% of my initial investment

Unlike the bank, Buckley Kiely Wealth Management proved they have my best interests at heart and I would urge anyone who has experienced similar difficulties to myself regarding the miss-selling of financial investments to immediately contact Richard. He will help you understand your financial rights and get justice where it is deserved.”  Diarmuid C.

 [Given the confidential nature of this information, we have protected our client’s identity].

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Delivering Peace of Mind

A Case Study of PCH International

Founded by Liam Casey in 1996, PCH International has corporate headquarters in Cork, Ireland and operational headquarters in Shenzhen, China.

PCH_Workers

 

 

 

 

 

 

 

 

 

Combining end-to-end services with a unique understanding of China, PCH is the partner behind-the-scenes responsible for some of the most successful consumer electronics accessories launched, such as eReaders, smartphones and tablets.

Having grown from just one person in the first two years to over 5000 employees in locations spanning four continents today, PCH services span all stages of the consumer product development and supply chain, from concept to delivery, and all critical steps in between.  PCH is the enabler, turning ideas into physical products, while optimising quality, cost and time-to-market for clients.

Liam-Casey-PCH

Liam Casey, founder and CEO of PCH International, has been at the helm of one of Ireland’s real success stories and has demonstrated how an Irish company can generate significant success in global markets by thinking and acting strategically. Casey received the award of overall winner of Entrepreneur of the Year in 2007 and more recently was awarded the All Ireland Marketing Champion Award at the All Ireland Marketing Awards in 2012.

PCH International promotes core values of “Passion; Integrity; Teamwork” and their stated purpose is “Developing Partnerships Delivering Peace of Mind”.

“The company’s core values and purpose are a reflection of Liam’s own personal qualities which have been key to the success of PCH”, said Seamus Buckley, Buckley Kiely & Co.

Casey was referred to Buckley Kiely by the bank at the inception of PCH in 1996.  Buckley Kiely initially fulfilled a need to set up and help run the business. This enabled Casey to focus on core strengths of business development & marketing; identifying the potential and opportunities for growth in China, while leaving the administration in the reliable hands of Buckley Kiely.

Casey did the business while Buckley Kiely looked after the business!

Providing assistance to start ups is just one of a range of services provided by Buckley Kiely. “We aim to be with these companies every step of the way”, says Seamus Buckley “providing holistic services, dynamically in line with their changing needs. The client’s success is our success and it is equally important to us as our own.”

Acting more as the financial arm of the business, as opposed to as an external entity providing a service, Buckley Kiely has always been fully involved in the business management and development of PCH. Calling on expertise in a wide range of fields of management, our remit has simply been to take a proactive approach to overcoming any obstacles to success and to transferring Casey’s aspirations into reality.

“Although PCH is now a multi-national organisation”, said Liam Casey, “we continue to maintain close involvement with Buckley Kiely and use their extensive experience and expertise. Their advice is invaluable as it is based on years of co-operation, integrity and success”.

Buckley Kiely has an ethos of “doing more for less”, of going that extra mile for clients, which is often rewarded by lasting, long term, mutually beneficial relationships, such as that with PCH International.

PCH_China Direct

 

Partnering with PCH has been both inspirational and challenging. Buckley Kiely is very proud of our long-term association with PCH and the contribution we have made to their success.

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Check Out

What Clients Say

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In the early years Buckley Kiely fulfilled the role of managing the setup and administration of the company, enabling me to focus on business development and the relationship grew on a needs basis from there. Although PCH is now a multi-national organisation we continue to maintain close involvement with Buckley Kiely and use their extensive experience and expertise. Their advice is invaluable as it is based on years of co-operation, integrity and success.

Liam Casey // CEO | PCH International

Cypress Semiconductor is headquartered in San Jose, California, the company has 7,100 employees worldwide serving more than 30,000 customers. Cypress delivers high-performance, high-quality solutions at the heart of today’s most advanced embedded systems, from automotive, industrial and networking platforms to highly interactive consumer and mobile devices. The Irish subsidiary of Cypress operates as a research and development centre, developing new Intellectual Property for several different product families in the Cypress Programmable Systems Division.

Sean Foley // Design Centre Manager | Cypress Semiconductor Ireland

From our initial contact we have built up a really good working relationship with various members of the team.  They have provided us with exceptional tax advice, at pivotal times in the development of the company and we have also benefited greatly from their expertise in areas of accounting, bookkeeping & payroll.  They are proactive in putting forward constructive suggestions and the impression is that they are genuinely looking out for our best interests.  I’m very happy to give them my recommendation – companies considering locating to Ireland couldn’t ask for a better partner!

Prashant Keshri // Sr. Director Finance | Entercoms

Through boom and bust, BK has continued to help keep us profitable and they are a great source of positive encouragement. Nothing is too much trouble. I would recommend BK without hesitation to anyone in business or thinking of starting a business – BK is a firm of accountants who are professional, knowledgeable, experienced and who will go the extra mile.

Tom Bryan // Owner & Managing Director | Toss Bryan

In particular, I have been impressed by the recent handling of our tax return, the various options presented and the clarification provided in meetings to the financial management team, both in Cork and in the US.  Better yet, Buckley Kiely has provided us with a clear understanding of tax implications/laws in Ireland, which will be of significant benefit to us when making decisions in the future.  Based on our experience, I am delighted to recommend Buckley Kiely & Co.

Jorge L. Rodriguez // President & CEO | Paciv Europe Limited

They have always been diligent, understanding and compassionate, irrespective of where in the world I’ve been, providing me with peace of mind, allowing me to seize opportunities without hesitation and do what I do best. Whether it has been non-profit, for-profit or personal, I am thankful to say I am a client.

[Cork native James Whelton co-founded the globe-spanning CoderDojo movement when he was just a teen. Now in his early 20’s, he is a world renowned tech entrepreneur focused on the emerging tech scene in the Middle East.]

James Whelton // Founder | CoderDojo

Buckley Kiely has been an invaluable partner to us at every stage of the development of our business; providing us with serviced offices (in the early days), outsourced bookkeeping and payroll, accounts compliancy, taxation and investor advice second to none. The team is made up of real experts in their fields, which has given us great confidence and comfort that our affairs are well looked after, and has freed us up to focus on developing our technology and promoting the Trustev brand and business.  I recommend Buckley Kiely to every IT start-up I know!

Pat Phelan // Formerly CEO | Trustev (since purchased by TransUnion)

They take care of all aspects of my business and  personal affairs ranging from; Accountancy, Tax, Pension Management through to Specialist Corporate advice. A true ”One Stop Shop” provided by a  Very Professional, Honest & Dedicated team. I would not hesitate to recommend them to prospective clients.

Tom Ruddy // Thomar Consulting Limited

A vital resource that has enabled our company not just in terms of compliancy, but has also ensured we are well positioned to make better decisions.

Marion O’Donovan // Strategic Director | O’Donovan Engineering Co. Ltd.

They have provided us with a range of services including Loan Book Reviews, Management Accounts, Infrastructure Review, Implementation of Computerised Accounts and Report Design, none of which could have been achieved without their knowledge and dedication.  They are always available at the end of the phone and we have built up a very good working relationship with their staff.

Newmarket Credit Union //

During this time they have carried out many varied financial services for us not least of which are the preparation of our annual audited accounts and taxation matters. Seamus and his team are always available for fast and immediate advice whenever it is needed and have been an invaluable resource for us in the day to day running of our company. No query is ever too big or too small for them and we would have no hesitation in recommending them to any potential clients.

Tim Brosnan // Managing Director | Liscarroll Engineering Ltd

The level of preparation and attention to detail on this assignment was exemplary. The professional and efficient service supported a successful conclusion to the project. The assistance of Buckley Kiely meant that the project was brought in within budget and this service was much appreciated in the current climate.

Brian O’Dwyer // Financial Director | RTE Cork

After about 8 months of meeting Fearghal [Collins, Partner at Buckley Kiely] for coffee to bend his ear with my ideas and having received tremendous support and advice from the team at BK, we were finally ready to go – along with business partner Dave Ronayne, chief executive of Irish Mainport Holdings and IBEC’s regional president for Cork, we launched Republic of Work in 2016. Buckley Kiely has been of tremendous support to us during our first year of business – I couldn’t imagine doing it without them.

DC Cahalane // Founder & CEO | Republic of Work

From a one-man-band to a fully-fletched orchestra – for almost 40 years, we have engaged Buckley Kiely & Co. as our accountant and business advisor. During that time, they have grown from strength to strength and have never backed away from any task given to them. They have always implemented the latest technology and employed top class human resources. In so doing, today they can deliver a full package of services required by any company and their employees.

 

Tomas Lagerqvist // CEO | Ossian AB

I met Richard Fowler of Buckley Kiely Wealth Management who gave me great advice on the best options. This was invaluable to me as it gave me peace of mind, in particular, given the uncertainties with the Euro and the banks. Many advisers out there are not independent, whereas Richard provided independent fee- based advice on what was in my mother’s best interests. The service provided by Richard and his staff is excellent, very efficient and professional.  I have no hesitation in recommending this service to anyone looking for professional, independent advice.

Nicholas O’Callaghan //

Their work was carried out in a very professional  and time efficient manner while at all times remaining sensitive to the potential concerns that such a review will raise for the personnel working in that department.  The final report delivered by Buckley Kiely provided the Board with a number of key system and process improvement recommendations and a capacity and cost benchmarking assessment which have been the foundation for a restructuring of the department into a more cost and process efficient cost centre.  The Board of Movies @ are grateful to Buckley Kiely and would highly recommend them.

Karen Reid // Movies @ Dundrum

It opened up many possibilities that I never knew I had, in fact, possibilities I thought I didn’t have or would ever have.  It’s certainly worth having a consultation with Richard and Paul as they make things easy to understand. It has definitely changed my life for the better.

Billy S. // Retired Bank Manager

Buckley Kiely was my first choice as accountant for BuiltInCork and they also provide financial support and advise to many of the startup members of the group.

DC Cahalane // Founder | BuiltInCork

Buckley Kiely are very professional while at the same time being very friendly and approachable. They have an excellent understanding of the pharmacy sector and have been instrumental over the years in helping to redevelop and modernise our business when required. Most recently they played a proactive role in the sale of the business, providing tax planning advice, dealing with due diligence and solicitors. The firm also provides sound, long-term financial advice. Buckley Kiely and I share our 40th anniversary as Seamus set up the business the same year that I qualified as a pharmacist, back in 1977 – I’d like to congratulate them on 40 years of excellent service.

Tim Doody // Pharmacist (previous Owner)

This [Automated Business Reporting] has completely transformed our monthly financial reporting, making it fast, reliable and so much easier.

Melanie Murphy // Director | The PrintWorks Group

This has hugely reduced the time we spent creating reports each month and the information is now more reliable, accurate and comparable!

Dorren Browne // Director | Rathoneen Limited t/a White Sands Hotel & Kate Browne's Pub & Restaurant

Introducing

Team Buckley Kiely

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Seamus Buckley

Partner

John Kiely

Partner

John Flynn

Managing Partner

Fearghal Collins

Partner

Niall Dennehy

Commercial Business Manager

James Kiely

Director of Tax

Rosemary Farrell

Tax Advisor

Anne Murray

Tax Advisor

Jim Crowley

Tax Advisor

Yvonne Murphy

Audit Manager

Andrew Moynihan

Manager

Barry O’Neill

Business Support Manager

Denis Crowley

Manager

Michael Murray

Manager

Hilda O’Donovan

Management Consultant

Sam Lee

Senior Management Accountant

Norah O’Dwyer

Management Accountant

Alan O’Connell

Accountant

Joe Duggan

Accountant

Shane Harrington

Accountant

Richard Fowler

Director - Buckley Kiely Wealth

Paul Buckley

Financial Planner - Buckley Kiely Wealth

Marian Fitzgibbon

Financial Services Administrator

Hilda Walsh

Administrative Receptionist

Introducing

Team Buckley Kiely

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Contact Us


Our Location

new Business

Fearghal Collins

E: fcollins@buckleykiely.ie

Our Office

Heritage Business Park,
Bessboro Road,
Blackrock,
Cork
T12 P1HX

T: +353 (0)21 4350777

F: +353 (0)21 4350750

E: info@buckleykiely.ie