About Us

ABOUT OUR BUSINESS CONSULTING FIRM

VISION
To be a leading provider of professional services in Barbados with highly dedicated employees who work as a team to create value for our clients.

MISSION
To be one of the leading providers of assurance, accounting tax and business consulting services to small and medium sized organisations in Barbados.

BRIEF DESCRIPTION OF THE FIRM
Business Advisory Services Inc. (formerly called Business Solutions Inc.) is a Barbadian company established in 1997 to provide assurance, accounting, tax and other business advisory services to clients.

Our assurance services cover statutory, project and special audits. We also provide a wide selection of client accounting services to those clients that want to outsource that function. Corporate and individual tax planning and management services are provided.

Our other business advisory services cover both financial and management consulting services including but not limited to the preparation of cash flow projections, business plans, feasibility studies and special reviews. We are also involved in the setting up small and medium sized businesses as well as designing accounting systems and preparing accounting manuals and policy guidelines.

We provide the above services to over sixty (60) clients in various sectors of the economy including not-for-profit organisations. We have been instrumental in assisting many small and medium businesses in the growth and development of their operations. We stand ready with a staff of highly qualified, dedicated and competent individuals to provide assistance to any organisation which require sound reliable business advice.

PETER DOWNES – CHIEF EXECUTIVE OFFICER AND
TEAM LEADER

peter downes

Mr. Downes is a Founder and Chief Executive Officer of Business Advisory Services Inc. He has had a broad and successful professional career as a chartered accountant and senior human resource professional. He holds an honours degree in Accounting from the University of the West Indies and is a certified member of the Society of Management Accountants of Canada (CMA) as well as a Fellow of the Institute of Chartered Accountants of Barbados (FCA).

He has also completed the Senior Professional in Human Resources (SPHR) designation of the HR Certification Institute in United States. He is currently a member of the Society of Human Resource Management (SHRM) of the USA, the Human Resource Association of Barbados (HRMAB) and a Board member of the Barbados Chapter of the Caribbean Institute of Certified Management Consultants (CICMC).

Mr. Downes has over thirty-six (36) years’ experience in the accounting field working in the professional accounting, financial services and oil industries. He has been a practising accountant since 1980, starting initially part-time and then entering into full time practice in 1994. He has also spent a total of seven and a half years working in two professional accounting firms. Mr Downes has over twenty-five (25) years’ senior management experience and prior to taking the bold step to establish his own businesses, he was the President and Chief Executive Officer of a leading regional insurance company. Because of his extensive knowledge and experience, he has been the Team Leader in a number of professional services engagements.

His wide experience and training over the years has helped to provide tremendous assistance to the development of mainly small and medium-sized businesses in Barbados. He was the recipient of the 2003 Barbados Small Business Association (SBA) Award for Excellence in Entrepreneurship and their 2008 Entrepreneur of the Year and Sectoral Group Award for Professional Services. He was also the University of the West Indies- Cave Hill Campus Alumnus of the Month for February, 2009.

He is currently an Alternate Director for BICO Limited, a public company and sits as Vice President-Finance on the Executive Council of the Barbados Chamber of Commerce and Industry. Mr. Downes is also a former Director of the Barbados Tourism Authority and the SBA Enterprises Inc., a Past President of the Rotary Club of Barbados West and Past District Secretary for Rotary in the Caribbean. In 2003 and again in 2012, his Club made him a Paul Harris Fellow, one of Rotary International’s highest honours.

With his strategic and visionary approach to business, he has brought to bear his skills and experience to the successful establishment of a human resource consulting practice known as Profiles Caribbean Inc., the regional representative for Profiles International Inc. (PI), a world leader in the provision of occupational assessments. The company has been operating since 1994 and has established 12 strategic operations throughout the region.