Finance and Accountancy Briefing
From royalties to riches
Our clients range from global companies to author’s to inventor’s to international sportsmen. Our role is to carry out audits of third parties that are using their own PI or brand under licence. Very simply, we determine whether or not the licensee is acting, or has acted, in accordance with any relevant agreements that are in place.
It all comes down to this one question: are they paying the licensor what they should be? In almost all cases, we discover missing income, which can be extremely lucrative to our clients. Over the past year alone we have recovered upwards of £10 million on their behalf. Money they are often not aware that they are entitled to. In some cases, the amount we recover is less than £10,000; in other cases, it can be more than £1 million.
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