The retail sector has always been one of the most competitive business environments to operate in, and more than ever retailers need sound financial advice and the support of a team of professionals who can help them maintain their market share. Financial management is now even more imperative with the rise of online retailers at the expense of high street stores. Margins are now operating at their lowest ever levels (unless you are able to find a niche market) and up to date financial information and cash flow and stock management is essential.
We have first hand experience of working in the retail sector at a senior financial level as well as acting for a number of current clients both bricks and mortar retailers and e-retailers. We understand the nature of the business environment is such that real time financial performance information and proactive advice is required in order to assist in maintaining and improving the position of our clients.
We can help you maximise your profitability through sales and margin analysis, stock control improvements, overhead reviews, improved financial controls, procedures and reporting, and where appropriate advise on the implementation of IT systems.
One of the biggest issues for retailers is the demands of the VAT regime. We can relieve you of a lot of unnecessary time and expense by advising on the most appropriate scheme and handling your VAT planning and administration.