Baker Tilly assists car-sharing leader with IPO

The business challenge

A public company listed in the United States was acquiring a listed company in the United Kingdom. Baker Tilly UK, was auditor of record, and Baker Tilly in the US assisted in the audit to be able to include the acquired company’s financial statements in the registration statement. The Company is a leading car-sharing service with vehicles in urban areas and college campuses throughout the US, Canada, and the UK. The Company offers more than 30 makes and models of self-service vehicles by the hour or day.

The Baker Tilly solution

Baker Tilly’s Professional Services team collaborated with the Company in the US and Baker Tilly UK to complete the audit for the registration statement. Baker Tilly’s team:

  • Collaborated with Baker Tilly UK to transfer knowledge of the client efficiently
  • Completed the audits of two years of UK GAAP financial statements
  • Provided recommendations to the company regarding the registration statement
  • Provided a team of US- and UK-based specialists in UK GAAP and PCAOB auditing standard

Business results

As a result of Baker Tilly’s services:

  • The Company filed their registration statement timely
  • The Company completed their IPO in April 2011