Company HistoryThe Firm was formed in 1996 and is involved in Consultancy, Manpower-Development,Corporate Support as well as other services in the financial sector. It employs its own staff ofvarious disciplines and uses associates, experts in their field of activities.One of the main reasons that our clients come to us and choose our services is due to the strictconfidentiality policy that our firm adheres.Due to the above reason we provide only general information of the industries and marketsegments, that our firm has so far an involvement: - in services industries, - in insurance, - in building materials, - in the hotel sector, - in land development, - in security services, - in information technology, - in distribution, - and companies with international activities established in Cyprus.
Management TeamThe founder of the firm and the present Managing Director is Michalis Polydorides who is aChartered Accountant. From 1970 until 1987 he was practising the profession as Partner in thefirm of Chartered Accountants of Scottis & Polydorides and from 1983 as the Managing Partnerof the Cyprus operations of the international auditing and accounting firm of Peat Marwick.In 1987 he became the Managing Director of KEO Ltd., one of the largest manufacturinggroups of companies in Cyprus, which is involved in alcoholic and other beverages. He servedthe KEO Group for nine years, until 1996.In August 1996 he established the firm of Polydorides & Associates Consultants Ltd where hisfull involvement is continuing until the present day.He is a Fellow of the Institute of the Chartered Accountants in England and Wales, a member ofthe Association of Certified Accountants in Cyprus, a Fellow of the Chartered ManagementInstitute and a member of the Institute of Directors.He serves on the Board of many public and private companies and serves in committees ofvarious cultural and service organisations.He is a Past President of the Lemesos Chamber of Commerce and Industry and past HonoraryTreasurer and past member of the Executive Committee of the Cyprus Chamber of Commerceand Industry.
Mission StatementOur mission is that each Client who is associated with Polydorides & Associates is madeto feel exceptional by a very caring professional attention and service.We use our professionalism to provide them, the best quality of service with the highestlevel of care.We develop a personal understanding for them and, by our consistent service; we ensurethat they return to Polydorides & Associates repeatedly for further co-operation. Our Mission Statement: “ Your Needs, Our Objective”
Corporate SupportDepending on our Clients’ needs our Firm undertakes to provide support for the fulfilment ofthe statutory obligations in the following fields: Registered Office facilities – Provision of formal address to a company, as required by law. Secretarial Appointment – Maintenance of company shareholders register, to keep the meetings minutes book and to communicate with the office of the Registrar of Companies as well as other authorities. Nominee Shareholders – Provision of persons who shall be acting as shareholders on behalf of the effective owners of shares if this is considered necessary. Directorships – Provision of appropriate persons to act as directors of a company. Management of bank accounts and monitoring of cash movements. Co-operation between the client company and its legal advisors and auditors.
ConsultancyThe primary objective of our team is to provide, develop and implement services so thatour Clients’ businesses and corporations are in position to achieve their goals andobjectives.Our services can be applied to assist in the following fields and situations Restructuring – Advice on restructuring of companies, in their operational,financial and pricing strategy needs. Mergers – Advice on mergers and acquisitions. Studies – Feasibility studies on proposed projects as well as active participation intheir implementation. Management – Active involvement in the management of companies, businessstrategy, upgrading and defining standards of service or product, planning, organizationand management evaluations, sales action planning, brand development. Turn Around – Undertaking of “Turn Around” assignments on circumstanceswhere the profitability of a business needs improving or where there is a managementdead lock and the future of a business is in jeopardy or the share value is at an unjustifiedlow-level.
Management Development Our team includes members with experience in the Cypriot and International markets. We are in the position to assist businesses and corporations to adjust their services in relation to higher standards at operational and management levels, in the following sectors: Management Empowerment: Includes company’s needs, identification of long and short term company objectives and goals, define management team responsibilities and authorities. Customer – Driven Philosophy: includes procedures for identifying customers needs, satisfaction and expectations. Personnel Policies and Procedures: includes operational manuals and documents which are related with the recruitment of future employees. Recruitment/Assessment of Management Staff: includes interview, evaluation and engagement procedures. Creating and Introducing Changes: includes operation changes, recommendations on new company strategies (pricing, service, business-behaviour), strategic-management (recommendations on strategic plan, objectives and goals), company customers policies, allocation of resources. Training / Team-working Environment: includes recommendations on training and creating team-working environment procedures, manpower development.
Services for Property under Lease AgreementThe primary objective of our team is to provide, develop and implement services to our Clients thattheir Properties are under lease agreement in Athens Greece.Our services can be applied to assist in the following fields and situations.Owner Representation & Property Maintenance Services during Pre-Rental Period Suggestion of competitive rental price after taking into consideration the market conditions. Suggestion of various ways to promote the Property i.e. press, internet etc On behalf of the Owner the presentation of the Property to potential tenants. Screening and presentation of potential tenants to the Owner Assistance in the completion of the rental agreement (in association with the lawyer) Maintenance of the Property at a suitable and presentable condition by cleaning, ventilating and making sure that all appliances are functioning properly. Periodic visits to the Property Immediate handling of repairs and maintenance. Recommend professional labour in case of repairs and maintenance Collection of mail and forward if necessary. Paying Property s monthly bills for electricity, water, common expenses etc Unscheduled Property checks following extraordinary weather conditions or emergency situations Itemized and computerized monthly reports including accounting information and description of the Propertys conditionProperty Services during Rental Period Move-in Propertys inventory statements Making sure all contract clauses are adhered to by tenants . Collecting deposit and monthly rents. Settle the rent income after Owners instructions i.e. bank deposit, payment of expenses Periodic (Pre-agreed) inspections of the property in order to avoid unwarranted situations like additional tenants or sub-letting Immediate contact with the tenant in matters of urgency and liaison with the Owner. Reminding the tenant of the time frame regarding contractual obligations renewal and expiry. Itemized and computerized monthly reports including accounting information and description of the Propertys conditionProperty Services during Post – Rental Period Move-out inventory statement and evaluation of the property condition Provide a list of all the necessary work that needs to be done in the Property i.e. repairs, painting etc Handling requests for repairs and maintenance i.e. plumbing, electrical etc. Recommend professionals labour in case of repairs and maintenance. Supervising and coordinating the work. Disbursing of all tenant deposit refunds Final preparation of the Property in order to be at a suitable condition for renting. Unscheduled Property checks following extraordinary weather conditions or emergency situations Settle Propertys monthly bills for electricity, water, common expenses etc after tenants departure Paying propertys monthly bills for electricity, water, common expenses e.t.c. Itemized and computerized monthly reports including accounting information and description of the propertys condition
Other ServicesThe Firm is at the position to provide businesses and corporations with the followingadditional services:Service Companies Operational manual Short form financial information system manualTrading Companies Operational manual Short form financial information system manual.