Posted by Press Release on July 27, 2016
Bishop Fleming, have been named by the Civil Aviation Authority (CAA) as registered to perform ATOL reporting for the travel industry.
The mid-tier firm, with offices in Bath, Bristol, Exeter, Plymouth, Torquay, Truro and Worcester has a specialist team looking after travel sector businesses which are required to meet the CAA’s rigorous reporting standards.
Since 1 April 2016, only qualified reporting accountants can sign ATOL accountants’ reports, in order to reduce the possibility that consumers will suffer financial loss due to an ATOL company’s insolvency.
Bishop Fleming partner, Fleur Lewis, said: “After the recent collapse of Low Cost Holidays, the perils of booking holidays through travel companies not registered with the UK government-backed ATOL scheme are clear. Bishop Fleming are delighted to have been granted a license to carry out ATOL reporting work.”
“Having an ATOL licence means the firm can sign off reports for clients that have to report to the CAA on passenger numbers and financial information.”
She added: “The firm has many years of practical experience with a large portfolio of travel industry clients, and to be certified by the CAA means we are able to offer expert assistance to any firms who are ATOL accredited. Our ATOL team has undertaken the necessary CAA training, and is committed to an ongoing programme of professional development to meet the challenges ahead.”
According to Mrs Lewis: “The new qualification means that ATOL companies can appoint a licenced reporting accountant, safe in the knowledge that they understand what the CAA expects by way of information.”
The firm has seen a growing number of clients become ATOL holders as they seek to develop new products and tours to improve their profitability.
Bishop Fleming offers a full range of accounting and tax services to all sectors, helping business owners to identify opportunities for growth.