N D Precision Products.
Support the owners throughout the growth of the business.
N D PRECISION PRODUCTS manufacture high precision tooling for the electronics industry, from its base in Barnstaple.
Director Nick Squire was recommended by a business friend to speak to R T Marke & Co Ltd .
After an initial meeting, it became clear that as well as many tax saving opportunities, there were also many ways R T Marke & Co could help Nick streamline his business, and he agreed to use their in depth Boardview service.
The purpose of the Boardview service:
- Create detailed business plan, structure, systems, funding models and forecasts to support the growth of the business
- Develop internal finance management reports to closely monitor the performance of projects, departments and team members.
- Increase profitability, which is linked to maximising shareholder value.
- Support the owners throughout the growth of the business by regular monthly meetings
The approach and results:
R T Marke & Co assisted the client in putting financial controls in place and were an integral part in the creation of the management reporting process which helped to drive the information needed for the management team.
As a result of the advice the directors have enjoyed the following benefits:
o Increased net profits
o Substantial tax reductions for the business
o Development of clear financial management system. The business now produces monthly management data to support the business growth and spot key strengths and weaknesses within the business. This information is critical to the directors and drives decision making and strategic focus.
As well as increasing the profitability and value of the business, R T Marke & Co provide board level support and advice which has enabled me to grow the business, and I view them as a valuable member of our team.
R T Marke & Co have been an excellent financial and business mentor to our business. Neil’s experience has helped us to assess and plan our business, financial systems and strategy in the most effective way.
Email or call us today on 01237 472332 for advice on systems and controls or to discuss your other audit requirements.