Increase Profit: Case Study

Retailers

Our clients had successfully built their retail sales to £500,000 a year. No mean feat from one retail site! They felt they were spending too much money on accountancy and couldn’t see how it was adding any value to their business. So they invited us to work with them in 2009. They wanted a full book-keeping service, payroll, proactive tax planning and year-end accounting. Crucially, they also wanted business advice and mentoring. We provide all of these services for less than they used to pay for their annual accountancy.

The key challenge was to help them generate more profit from their sales. They were working seven days a week, but only just making a profit. So everyone involved in their business was benefiting other than the owners. We could see their potential right from the start and knew they deserved much more return for their immense time and effort.

We worked with them to identify the key drivers of profit in their particular business. A year later their profits were just under £100,000. A fantastic turnaround! And the owners only work 5 days a week now.

It doesn’t stop there though, as they have much bigger plans and have already expanded their number of shops. This business is very well-positioned for further growth and profit. We run development workshops with the owners every 3 months and support them in achieving their vision for their business. Our book-keeping service enables us to produce management information on a monthly basis, so we are all fully informed on their business at all times.

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