The year-end financial performance is the most common measure of business success. For MGI Delta, however, the best indicator of success is the client confidence and the strong team. MGI Delta is part of one of Top 20 audit networks in the world - MGI Worldwide. Their story began in 2019 when the two business partners and CPAs Miroslav Kamenov and Vladimir Kolmakov managed to fight their way to be representatives of the prestigious network in the country. 3 years later, in a highly competitive market and challenging business environment, MGI Delta has sent out a strong professional season.
For the professional year ending September 30th, the MGI Worldwide representative reported consolidated revenues of over 1 million Bulgarian leva. For only 3 years, the company managed to establish itself as an excellent business partner in the audit and accounting services sector. Along with the portfolio of services offered in the Bulgarian market, the company's team is also growing. The team is now a strong knit of 15 people. A significant number of them joined the team at the early beginning. This is the secret to knowing the company's clients in minute detail and being of optimal benefit to them.
The firm's portfolio includes over 100 clients, 60% of whom use audit services and the remaining 40% accounting, tax, and payroll services. Auditing services are used by companies with a turnover of more than BGN 300 million and payroll services help companies with more than 300 employees.
In addition to the traditional activities, the company has considerable know-how in M&A - consulting, due diligence, and share and equity valuations. It is increasingly gaining trust among industry leaders: listed companies and public interest entities. The MGI Worldwide representative enjoys an excellent reputation in industries as diverse as transportation and logistics, pharmaceuticals, non-bank financial services, construction, sporting goods, and IT.
"We know that our services have a highly fiduciary nature. We recognize our role in the development and success of our clients. Therefore, although it may sound trite, we always put the customer at the center of our partnership. What is different about our practice is providing added value to the client. This approach ensures a high level of professionalism and adherence to high professional standards," says Managing Partner Miroslav Kamenov.
In addition to a philosophy of working in good partner relations, MGI Delta wins clients with specific experience as an auditor of groups that have subsidiaries in Bulgaria and abroad. Also as a component auditor of large international groups and subsidiaries in Bulgaria.
CFO as a service
More and more companies experience a sporadic need for professional financial assistance on specific issues and cases. Most often, these companies have clearly established departments and financial managers, but for one reason or another, these issues and cases remain unresolved, and this interferes with the normal business process. MGI Delta offers "CFO as a service" for companies of different sizes and momentary needs. The benefits for the clients of the service are many. First and foremost is the security that financial matters will be handled by experienced professionals and under complete confidentiality. Also, the service can cover a period of need without a lasting commitment and obligation.