Ceylon Productions, founded in 2011, is a timeless boutique in the streets of Galle that offers authentic travel poster art and fine prints to transport you into a different era with their vintage aesthetic element.
As a client of our Essential Accountancy service, we assisted in their financial onboarding process by integrating their real-time sales data with Xero, the online accounting system used by Silk Road. Our team integrated Hike – the point of sales system currently used by Ceylon Productions – with Xero, to ensure real-time sales, customer, and inventory data is recorded on both systems.
This integration has allowed both Ceylon Productions and Silk Road Financial Services to go paperless in the accounting process.
Ceylon Productions is also engaged with Silk Road’s Company Secretarial function for governance and corporate administration.
We are proud to announce that Silk Road Partners is Sri Lanka’s First Company to Launch a 4-Day Work Week Program
How would we continue to deliver great service to our clients whilst giving our staff a well deserved break, every week? Our staff will be working on a roster basis, with their days off either on a Monday or a Friday, ensuring that there will be no disruption in the workflow within any department of the company.
We have been investing heavily into our team’s culture, communication and collaboration skills, and facilitating them with the necessary automations to ease our transition. An emphasis was placed on prioritization, self-reflection, autonomy, and synchronization across the firm.
With technology adoption streamlining efficiency, we expect employee productivity to increase substantially, over the next couple of months. This should also translate to a reduction in the number of hours spent working overall.
The Doctor’s House, built in 1822 and originally an ayurvedic hospital, is situated in Matara, on the south coast of Sri Lanka. Offering great holidays since it’s 2016 launch, it’s home to one of the most famous restaurants and bars in the country.
The Directors engaged Silk Road Research to develop a bespoke financial proposal to obtain funding from a local bank. The team undertook a deep dive into the company’s financials to provide the bank with a precise, fact-based valuation. Focusing on both the financial and non-financial aspects of the business, the proposal resonated well with the bank.
Silk Road’s Company Secretarial and Outsourced Legal functions continue to assist the Doctor’s House team with governance, manage corporate administration, and provide ad hoc legal advice.
Hangtime Hostel is located on the sand swept shoreline of Weligama bay, in the south of Sri Lanka. As a pioneering surf and yoga inspired boutique hostel, Hangtime provides both private and dormitory style accommodation. Hangten, a chic restaurant and bar sits on the rooftop overlooking the waves. Yoga, surfing, great food, good coffee, and a good time await anyone visiting the hostel.
Silk Road Research was requested to conduct a comprehensive business valuation on Hangtime Hostel. To arrive at a fair and accurate valuation, the team made a locational analysis, conducted an in-depth risk assessment of all stakeholders, and developed a financial model to project revenues and expenses. This indepth analysis provided the Directors with a full understanding of their asset’s potential.
Silk Road’s Research department is our intellectual core; providing business plans, feasibility studies, industry and sector reports, forensic evaluation, management consultancy and other bespoke research services.
What Media (Private) Limited Sri Lanka acts as the hub connecting the marketing and publishing agencies What Media (Pty) Limited in Australia and What Media Limited in the UK. With a 19-year track record in the industry, their client base includes popular brands such as British Balls Magazine, The Australia Working Holiday Magazine, among many others.
From Silk Road’s inception, What Media has been a core client, using Silk Road’s Company Secretarial and Financial Services. The Financial Services team provides What Media with bookkeeping services, ad hoc financial statements, budgeting and drafting of audit accounts.
With What Media operating a virtual, international model, with operations in Sri Lanka, the UK and Australia, the Financial Services team has been instrumental in helping to streamline the accounting functions across international borders to deliver a clear and current picture of the company’s financial accounts.
As the relationship between our companies continues to deepen, Silk Road’s Client Relationship team has scheduled a regular fortnightly meeting with the What Media team for a review and update of all financially related matters.
All good strategic decisions are made on the basis of sound financial knowledge, and over many years, Silk Road Partners has provided the information that has allowed What Media to develop their business in line with their founders’ vision.
Tea Tree Villa, set on the beachfront at Ahangama in the south coast of Sri Lanka, is a luxurious, modern 5 bedroom villa. It is perfectly situated only 1.5 hours from Colombo, 30 minutes from Galle Fort, 10 minutes to Welligama and 20 minutes from Mirissa. Some of Sri Lanka’s most famous surf spots are a stone’s throw away.
As with any beachfront villa, the assets at Tea Tree are constantly being challenged by the natural elements. Silk Road Real Estate’s Property Management team works with experienced sub-contractors to put in place preventative maintenance measures to ensure all major components of the villa are taken care of, on a scheduled basis. On top of the cost savings brought about by averting sizable disasters, these steps ensure that on short notice the villa is ready to welcome guests. Furthermore, the team conducts regular inspections of the villa and develops in-depth Owners Reports using an online reporting system.
Complementing the above service, Silk Road’s Company Secretarial Services, Financial Services, and Human Resource Outsource functions assist the directors and shareholders of Tea Tree Villa, holistically shaping their investment in the country.
The Lanka Environment Fund (LEF) founded in 2019 works to conserve Sri Lanka’s flora and fauna through providing grants to existing conservation groups that work on the ‘frontlines’. Acting as a conduit for international and local funding, the LEF has successfully mobilized approximately $60,000 towards conservation initiatives in Sri Lanka. Furthermore, the LEF also helped secure a further $415,000 grant towards a transboundary marine conservation project in the Indian Ocean.
Silk Road Partners has been working closely with LEF since mid-June 2020 to provide them with Company Secretarial services, a critical role in an organization that values transparency and accountability. Services include documentation of Steering Committee meetings, offering advice on financial audits, liaising between relevant local stakeholders on behalf of the LEF, and ensuring all its paperwork is up to date in order to allow the LEF to function as one of the island’s premier conservation funding organizations.