JANUAR - Løggilt grannskoðanarvirki P/F

What JANUAR - Løggilt grannskoðanarvirki P/F does

JANUAR - Løggilt grannskoðanarvirki P/F is a licensed (løggilt) auditing firm headquartered in Tórshavn, Faroe Islands, operating as the largest auditing firm in the territory. The firm was created on 10 December 2012 through the merger of two predecessor firms: Inpact (founded 1964) and Nota (founded 1968), giving Januar a combined operating heritage of more than 45 years. It is structured as a private Faroese partnership (P/F) with multiple state-authorized auditors (statsaut. revisors) as co-owners, and employs approximately 33-45 staff including 6 certified state-authorized auditors and specialists holding CISA, CDPSE, CRISC, and ISO/IEC 27001 Lead Implementer credentials.

Januar delivers six integrated service lines: (1) statutory auditing and accounting, including extended audits and limited assurance engagements for smaller companies; (2) outsourced business services (bookkeeping, payroll, VAT compliance, financial statement preparation) on monthly retainer; (3) consulting covering M&A, succession planning, cross-border tax, and company formation; (4) IT security and data protection (GDPR/Faroese Dátuverndarlógin) including ISO/IEC 27001 implementation; (5) sustainability/ESG reporting aligned with CSRD; and (6) startup advisory services. Service delivery is direct from the Tórshavn office, with statutory audits on multi-year contracts.

The firm serves all major customer segments in the Faroe Islands (large/mid-sized companies, SMEs, financial institutions, IT organizations, sustainability-reporting entities, and the agriculture/fishing sector), generating revenue through professional services fees and monthly retainer subscriptions. Go-to-market is sales-led, relying on professional reputation, referrals, thought-leadership publications (industry financial analyses), and direct client relationships. No proprietary technology platform, AI/ML capabilities, or external funding are disclosed; the firm is entirely organic and self-funded.

Name

JANUAR - Løggilt grannskoðanarvirki P/F

Legal name

P/F Januar, løggilt grannskoðanarvirki

Website

https://januar.fo

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

JANUAR is the largest licensed auditing firm in the Faroe Islands, offering statutory audit, accounting, tax, IT security, ESG, and consulting services to enterprises, SMEs, government, and the fishing and agriculture sectors across the territory.

Ownership category

akta.pro rank

Product category

Audit and Accounting Services

NAICS

Offices of Certified Public Accountants (541211), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)

akta.pro industry

PRIMARYBPAAAGAL

Record-to-Report (R2R) Operations (End-to-End Accounting Ops, Statutory Pack Support)

Business & Public Services/Administrative & Support Services (BPO, Call Centers, Back Office)/Finance & Accounting Outsourcing (AP/AR, GL, Billing)

SECONDARYFSAAAOAM

Tax Services (Withholding, Reclaims, FATCA/CRS)

Financial & Insurance/Asset & Wealth Management/Custody, Depositary & Asset Servicing (Custody, Corporate Actions, Securities Lending)

Keywords

• Statutory audit services
• Accounting and bookkeeping
• Tax advisory services
• IT security auditing
• Sustainability reporting

Headquarters

HQ city

Tórshavn

HQ country

Faroe Islands

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Statutory Auditing: Legal statutory audits required for companies meeting size thresholds under Faroese company law. Fees are typically based on engagement scope and company complexity.
2. Extended Audit / Limited Assurance: Extended audits and limited assurance engagements for smaller companies. Offered as an alternative to full statutory audits for qualifying entities.
3. Accounting and Bookkeeping Services: Ongoing bookkeeping, payroll processing, VAT reporting, and financial statement preparation. Typically recurring retainer-based engagements.
4. Tax Advisory: Tax advisory services for businesses and individuals, including corporate tax, personal tax, VAT, and cross-border taxation matters.
5. IT Audit and Data Protection: IT security auditing, data protection compliance (GDPR/Dátuverndarlógin), and IT governance advisory services.
6. Management Consulting: Business consulting, sustainability reporting (CSRD/ESG), company restructuring, succession planning, M&A advisory, and financial analysis.
7. Support/Grant Programs: Januar provides financial support to individuals, groups, and various organizations in the Faroese community through an annual budget allocated for grants.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Januar is a licensed (løggilt) auditing firm providing statutory audit, accounting and bookkeeping, tax advisory, IT security and data protection (GDPR) compliance, and sustainability/ESG (CSRD) reporting services. Formed in 2012 from the merger of Inpact and Nota, the firm operates as the largest auditing firm in the Faroe Islands, serving companies, financial institutions, public entities, and selected individuals.

Product overview

JANUAR is a licensed auditing firm offering professional services through six integrated practice areas: Auditing and Accounting (Grannskoðan og roknskapur), Business Services (Vinnutænastur), Consulting (Ráðgeving), IT Security and Data Protection (KT-trygd og dátuvernd), Sustainability/ESG (Burðardygd), and Business Startup Services (Kom gott í gongd). The firm, formed from the merger of Inpact and Nota in 2012, operates as the largest auditing firm in the Faroe Islands providing both statutory audit services and advisory offerings across accounting, tax, IT security, and sustainability reporting.

Differentiator

Problem solved

Functional benefit

Products and services

• Grannskoðan og roknskapur (Auditing and Accounting) Statutory auditing, extended audits, review engagements, and accounting assistance for businesses of all sizes. Includes financial statement preparation, audit opinions, and quality stamp services.
• Vinnutænastur (Business Services) Outsourced business services including bookkeeping, payroll processing, VAT compliance, tax filings, and financial statement preparation for companies that prefer not to maintain in-house accounting staff.
• Ráðgeving (Consulting) Advisory services covering establishment of businesses, mergers and acquisitions, succession planning, tax advisory, and cross-border taxation for both individuals and companies.
• KT-trygd og dátuvernd (IT Security and Data Protection) IT auditing, risk assessment, cybersecurity advisory, data protection compliance (GDPR/Dátuverndarlógin), and IT governance services. Includes vulnerability assessment, network security consulting, and ISO/IEC 27001 implementation support.
• Burðardygd (Sustainability/ESG) Sustainability and ESG reporting services including ESG strategy development, CSRD compliance, sustainability reporting, and advisory on environmental, social, and governance matters.
• Kom gott í gongd (Business Startup) Business establishment services including company formation advice, entity type selection, financial management setup, accounting systems implementation, and regulatory compliance guidance for new businesses.

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor.

• Burðardygt vinnulívi (Sustainable Business Community)minorStrategic or Co-development Partner · 1 January 2021Januar is a consulting partner (ráðgevandi samstarvsfelagi) for Burðardygt vinnulívi, a community of Faroese businesses committed to sustainability. Januar provides advisory support and helps member companies prepare sustainability reports aligned with ESG standards and CSRD requirements.
• Århus Universitet (Aarhus University)minorStrategic or Co-development PartnerJanuar partners with Århus Universitet as part of the HD 2nd part educational program, where the university collaborates with Gláma Business School in the Faroe Islands to deliver the degree. Students work at Januar while pursuing their degree.
• Gláma Business School (Háskúlinum í Klaksvík)minorStrategic or Co-development PartnerGláma Business School in Tórshavn partners with Januar for the HD 1st part and 2nd part programs, providing in-person instruction 2 days per week while students work at Januar. The 2nd part is delivered jointly with Århus Universitet.

Scale indicators3 records

Recent moves6 records

Expansion highlights10 records

Broad incumbents

• Baker Tilly International: Baker Tilly is a global accounting and advisory network offering audit, tax, IT risk, and consulting services. Comparable to Januar because it serves mid-market and owner-managed businesses with integrated audit-and-advisory offerings, including IT security and ESG advisory.
• RSM International: RSM is a global network of audit, tax, and consulting firms targeting mid-market companies. Comparable to Januar because it serves audit-mandatory mid-market clients with cross-border needs and offers overlapping services including IT security and ESG.
• BDO Global: BDO is one of the world's largest mid-tier accounting and audit networks, providing statutory audit, tax, advisory, and IT security services globally. Comparable to Januar as a multi-line professional services firm competing for the same mid-market and large-cap audit mandates, but operating across many geographies rather than the Faroese niche.
• Mazars: Mazars is an international audit, tax, and advisory firm offering integrated services including IT security, sustainability, and transaction advisory. Comparable to Januar as an audit-rooted multi-discipline firm competing for the same types of statutory audit and advisory mandates.
• Crowe Global: Crowe Global is an international accounting network providing audit, tax, advisory, and risk services to mid-market clients worldwide. Comparable to Januar as an audit-led multi-discipline firm competing for the same type of statutory audit mandates, with comparable ESG and IT risk advisory offerings.
• PKF International: PKF International is a global network of independent accounting and advisory firms focused on mid-market clients. Comparable to Januar because it offers statutory audit, tax, advisory, and IT services to owner-managed and mid-sized companies with cross-border needs similar to Faroese audit clients.
• Grant Thornton International: Grant Thornton is a global audit, tax, and advisory network with a similar mid-market focus to Januar and overlapping service lines in audit, tax, and business advisory. Comparable because it competes for the same audit-mandatory mid-market clients and offers cross-border reach that a Faroese-only firm cannot.

Regional players

• Deloitte Denmark: Deloitte Denmark is the Danish member firm of the Deloitte global network, offering audit, tax, consulting, IT security, and sustainability services. Comparable to Januar because it competes for Faroese and Nordic cross-border audit mandates and operates in the same regulatory and reporting ecosystem.
• KPMG Denmark: KPMG Denmark is the Danish member firm of a Big Four network, providing statutory audit, tax, advisory, IT security, and ESG services to Danish and Nordic clients. Comparable to Januar as a licensed audit firm serving Nordic cross-border clients — including Faroese companies with Danish nexus — and competing for the same category of audit-eligible entities.
• Beierholm (in Denmark): Beierholm is one of Denmark's largest independent audit and advisory firms serving owner-managed and mid-market Nordic companies. Comparable to Januar because it operates in the same Nordic audit ecosystem, competes for cross-border Faroese-Danish clients, and offers integrated audit, tax, and advisory services.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/januar.fo
• LinkedInlinkedin.com/company/januar---l-ggilt-grannsko-anarvirki-p-f

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JANUAR - Løggilt grannskoðanarvirki P/F