Ace Group of Companies 

Call us: +254 41 2491515 

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ACE group provides a wide range of services to our clients from a wide variety of local organizations, including manufacturing, distribution, service and charitable bodies, representing the complete spectrum of the private sector, development agencies and non-governmental organizations. To ensure that our clients’ special needs are attended to in a timely and organized manner, ACE group has branched itself into 6 entities; 







Audit & Assurance – Ace Associates - Certified Public Accountants

(A Member firm of McMillan Woods Global)

We provide External/statutory and other Assurance related opinions on Financial Statements of Companies and Not for Profit Entities including Associations, member clubs, Trusts, Charities etc.

Audit Approach and Methodology 

Our Partner-led audit approach entails that a systematic approach is designed to add value to our clients' businesses and produce positive benefits from our procedures. With the advent of technology, the audit assurance landscape has now taken a 360% turn. Not only are statutory auditors watchdogs but they are also expected to play the role of bloodhounds!


Our audit assurance service is geared to adapt and comply with the frequent and evolutionary change to meet our clients' requirements and that of the statutory bodies. Such services also include risk assessment, brand value protection, intellectual property rights, corporate social responsibility (CSR) but most importantly the overall "reputation" risk of our clients' organisation needs to be assessed and every measures taken to protect its reputation. As such, we place great emphasise on quality control management and exercise integrity at all times.


In an audit assurance based assignment, risk-based audit approach is often used to ensure our work task is of the highest value to both our clients and that of the third party's reliance on the final report hence enabling proper judgment and decisions to be made.


Contrary to popular belief, most businesses sold are medium-sized owner-managed businesses, not multi-nationals. Also, in recent years, we have seen a fundamental change in attitude amongst business owners. Fewer than ever before are passing their companies down to the family; instead, they are selling-out and using the proceeds to fund their retirement.

We have considerable experience in mergers and acquisitions, sales and management buy-outs and related specialist services. Our personalised service ensures we assist our clients achieve their overall goals.

We advise on a range of fund-raising options for diverse needs of our clients, which are tailor made for them. Our network of contacts will assist our clients in securing the right finance package.

Due diligence exercise - Ace Financial Advisory Limited 

No business deal should go ahead without a proper due diligence exercise - a process that checks the target is all it claims to be or what it should be! our role is to review financial books and records and provide the potential investor or purchaser with critical information, either to confirm representations made or provide feedback to renegotiate the terms and conditions. We deliberately involve ourselves in the whole deal, from beginning to the end. By adopting a vigilant up-front planning approach, it enables us to stay focus on the process and cut down on irrelevant details, unnecessary costs and saving of much invaluable time.

Business Valuation - Ace Financial Advisory Limited 

The specialist area of business and share valuation can be somewhat complex and convoluted if not worrying if clients' dealings in this subject matter have not been all-embracing. The key to an accurate and credible valuation is an overall in-depth knowledge and understanding of recognised "commonsense" techniques and how these techniques are applied to the subject matter in question. This may be for tax planning purpose or sale of a business or indeed a take-over arrangement of some sort. Alternatively, it may be necessary to obtain an independent valuation due to a shareholder grievance or matrimonial or family dispute.


Some of the benefits of an independent valuation may be as follows:

·         Any uncertainty in dealing with valuation matters can be avoided;

·         Possible potential high saving of time and money; and

·         Primarily, the weight of a third party opinion will undoubtedly add credential to the deal in question.

Succession planning

We advise our clients to consider whether they should sell the business or pass it down through the family as both routes require proper and systematic long-term strategic planning. Certainly, planning at the early stage for a smooth transfer is crucial and one must not lose sight of the aims and objectives for either the options. One should appreciate that the process of buying and/or selling a business can be a lengthy process and equally can be rather daunting on the employees and customers.


Likewise, passing down the business to the next generation can be equally daunting as the successors need to be fully involved in the business succession planning and must be keen in the business itself per se otherwise the intended objectives may not be attained. Our team is happy to undertake these time-consuming tasks in totality and in full confidentiality hence leaving our clients free of any hassles or whatsoever.



We can provide arbitration servics in disputes between joint venture partners or investors in a business or project and also in commercial disputes between contracting parties.


Corporate Secretarial Services - ACE Secretaries and Registrars 

We have specialists who are well placed to advise on all pertinent issues relating to company formation and we can set up any of the following:

·         Ready made companies; and/or

·         Tailored to clients' specific requirements.

We have qualified and experienced company secretarial staff who are well placed to advise on all pertinent issues relating to company formation. We also assist in the formation of all types of legal entities to include assisting in the formation of off-shore companies.

In addition to offering qualified and experienced company secretaries to act for both private and public limited companies, McMillan Woods provides a wide range of corporate advisory services to companies and its directors to ensure continuous compliance to the relevant legal and statutory requirements.

Most importantly, we ensure company secretarial matters are dealt with accurately, professionally and in a timely manner.



Taxation Services - Ace Taxation Services Limited

It has always been said that there are two "things" that each and everyone of us cannot avoid i.e. death and taxes!

(a) Tax returns

Every business needs to file tax returns each year.

We ensure that our clients are aware of all pertinent deadlines. Our tax return services covering company, personal, trust and estate schemes remove the inconvenience and risk of filing tax returns incorrectly. What's more, we remind our clients of pertinent and applicable due dates in each relevant tax year and of potential tax liabilities well ahead of time.

(b) Value Added Tax (VAT) 

The penalties for falling foul of VAT Laws and Regulations are severe. Our tax department offers guidance in unfamiliar areas such as VAT registration, VAT returns filing etc.

We offer a full range of services to cover every situation business entrepreneurs may encounter. We ensure our clients explore all planning opportunities whilst meeting legal obligations.

(c) Tax planning services

Everyone feels they are paying too much tax, usually because they are paying too much tax! This is often true.

Tax planning is an excellent opportunity to increase the bottom line of a business. In no other area can good advice and planning save so much of our hard-earned money. Because we work so closely with our clients, we identify many opportunities to save money through astute tax planning whilst complying with the tax legislation at all times.

Our services cover all taxes that affect business entrepreneurs, bearing in mind that tax is a "business" cost. Our goal is to minimise their tax liabilities. Our partners and directors develop a clear tax planning strategy for all our personal and corporate clients.

(d) Income tax Cpmpliance

Under the Self-Assessment System regime, individuals and companies are responsible for their own tax returns. As well as ensuring that our clients comply with the tax rules and legislation, we provide our clients with sound planning advice to help them hold on to the rewards of their hard earned money.

(e) Stamp duty

This is one area of tax that is easily overlooked and we can assist our clients to avoid any nasty surprises, which are often nasty surprises.

(f) Corporate tax - Compliance

Our comprehensive tax planning services cover all stages of a company's life cycle.

We assist in ensuring that you pay the optimal amount of tax enabling you to retain the most of your hard earned profit and cash flow.


(g) Tax Audit Support and Alternative Dispute Resolution (ADR) Advisory

Tax audit's carried out ny Kenya Revenue Authority officers are a normal occurance for businesses operating in Kenya. We provide support and advice during this critical period and also support should a client wish to dispute an assesment raised,  through from raising and objection, appealling to the tax tribunal if client is not satisfied b=with decision and also using the ADR -Mediation mechanism/scheme set up to resolve tax disputes before going to Court.

Accountancy and Financial Reporting Advisory- Ace Consultants Limited

We tailor our accounting services to meet our clients' requirements as we appreciate that every client's requirements differ from one to the other. Some of the accounting services are:


(a) Book-keeping

It is vital that businesses have a system of record-keeping that delivers the required relatable information. We assist our clients to set up books and records relevant to their individual needs.

We offer a complete off-site service where book-keeping task is carried out ideally away from the client's offices to minimise disruption of the client's business operations but if necessary, arrangement for on-site service can be catered for at short notice depending on the duration of the required book-keeping task.


(b) Payroll services

The requirement for payroll services comes in all types and sizes and it may vary in various degree of complexity although one can always agree that since this assignment is a monthly task, the key word is URGENT since clients' need PAYE, NSSF & NHIF to be paid on time! We have a dedicated team specialising in payroll assignments to provide our clients a timely and flexible service, individually tailored to each client's requirements.


(c) Management accounting

Very often than not, clients require periodic monthly accounting reports, be it weekly, monthly or quarterly, to make meaningful financial decisions and we do cater to our clients' needs, as and when such services are requested.


(d) Annual report and accounts

We take the opportunity to discuss with our clients the financial performance of the business activities when assisting with the preparation of the monthly, quarterly or annual reports. 



Aims at providing management advise on strategic challenges faced by management of organisations and includes among others:-

Talent recruitment, retention and compensation advice.

Review and critique of marketing strategies.

Local market knowledge for foreigners setting up businesses in Kenya.

Preparation of business plans


Internal Audit, Risk and Governance - Ace Consultants Limited

We aim to prepare organisations for the evolving corporate governance, risk management and internal audit regime. To achieve this key objective, we seek to provide a wide variety of customized service solutions on internal audit to include business performance management audits and continuous professional education to practicing internal audit professionals, in-house assessments, advisory, consulting and corporate training and up-to-date information.


We strongly believe that with the ever-changing landscape of the business environment, the "internal audit" function can no longer retain the traditional, transaction-based role. The need to react swiftly in today's technology-driven, global marketplace means an organisation must be quick, flexible and receptive to this change to enable the organisation to achieve its strategic aims and goals.

Internal Audit has the potential to be one of the most influential and value-adding services available to the board of directors. It is crucial in identifying opportunities, risks and exposures that can determine success or failure of an organisation


We can help you transform your internal audit department by making it more risk-focussed, re-aligning the internal audit effort with the inherent risks that may jeopardize the attainment of the business objectives and corporate mission.

Our role is to provide our clients with a tailored strategic approach to assist our clients to identify and understand specific operational and financial risks; to define the level of calculated risks your organisation is willing to take on; and to identify and focus on the opportunities available to your organisation.

Nominee Services - Ace Nominees Limited 


Provides discrete services based on trust on owning assets - like shares, real property, interests on businesses etc. for clients who value their privacy.  We provide both Nominee directors and shareholding based on Trust agreement (by Ace Nominees Ltd to hold shares on behalf of the ultimate beneficial owner.

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