Reporting and Operations

Mark Perrin - Menzies Accountant

Our relationship with information is changing and in the modern world, the demand for data is ever increasing. The internet has created a mass of ‘Big Data’ that has changed the way we live our lives and the way in which we conduct our business.

When it comes to maintaining financial records, our payroll and outsourcing services take all the pain away from the business owner.

Our system uses the latest technology to account for all your business activities from the moment you place an order with the supplier to the moment a customer places money in your account and everything in between.

By using this technology, we are able to provide you with real-time insights into your business. Looking at your key KPI’s using our bespoke reporting, enabling you to make informed decisions about the future of your business.

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Menzies Reporting and Operations Focus

Business transformation

Many businesses are maintaining legacy systems that have been superseded by up-to-date technology or changes in working practices. These legacy issues often create inefficient working practices that are labour intensive and often prevent integration throughout the business. Cloud based technology has meant that more powerful IT solutions are available at an affordable level of investment. Through a complete review of processes, both manual and computerised, businesses can enjoy significant efficiencies that drive value to the bottom line.

Management Information

Rigorous, timely and accurate management information is an essential tool for managing a business but this is often an area that can reduce in quality as a business grows. Availability of information instantly is often required but seldom available and business decisions are often made without the full facts being understood. A robust management information pack and an effective suite of regular KPI’s ensures that business owners are in control of the business – no matter what size or complexity.

Location

Location of offices, production space and storage can be long-term decisions that have a dramatic impact on any business. Tradition or perceived convenience can often mask the best economic decision. With a full cost-benefit analysis of premises, it is possible to identify efficiencies and savings that can be significant.

Supply chain management

Businesses often do not have a formal approach to supply chain management. It is very common to have disproportionately large supplier lists with no SLA’s in place and no defined quality measures or delivery expectations. Poor quality, delivery or unfavourable payment terms can all prevent effective supply chain management. With the benefit of a structured approach to all suppliers, a business can obtain significant benefit.

Capacity

Many ambitious businesses tread a delicate path of managing risk and growth potential. Understanding these risks can be challenging and a detailed analysis of where resources are needed can be complex. The ability to highlight areas of constraint and future requirement of resource can enable a business to significantly reduce risk and plan more effectively. Having a robust resource plan enables a business to plan and respond to the challenges of growing the business and avoid common pitfalls such as overtrading, failure to meet demand or reduction in quality.

Identifying partnership opportunities

With ever-increasing customer demands, it is important to understand what elements of customer requirements can be met internally and what opportunity exists by forging strategic partnerships. It is often tempting to diversify in an unplanned way and lead to a lack of focus on the core elements of the business as a result of responding to customer demands. Utilising strategic partnerships can provide competitive advantage to many businesses.


Our unique consultancy approach helps business owners to reduce risk and improve performance in their business. As a result, we have been able to meet their aspirations and even surpass them.

Find out more about Menzies Business Consultancy services.

To speak to a partner or for more information about the services we offer please contact one of the Menzies LLP offices or complete our online contact form.

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ESSENTIALS

  • “Menzies provided, audit, tax and company secretarial services to SFW. Their work was always to a  very high standard and we found them easy to work with. When we sold the business Menzies provided significant help during due diligence and completion activities. They were highly responsive, particularly, when we had last minute requests for assistance and were thoroughly professional. I have no hesitation in recommending them.”
    Steve Elliott – SFW Ltd Director

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    SFW Ltd, SFW Ltd August 17, 2016

  • “Lilou et Loic have worked with Menzies over the past year and we continue to be impressed with their knowledge, efficiency and the high calibre of support they provide. The Menzies team look after our year end accounts in a timely and efficient manner, and continue to provide proactive advice in many areas of our business, from keeping track of our product margins and fixed costs to providing us with beneficial forecasting advice. We are also liaising with other teams within Menzies, for example they are assisting us with crowdfunding options and have advised us on building a strong business plan.
     
    We look forward to continuing our relationship with Menzies and have no hesitation in recommending them.”

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    Lilou et Loic, Lilou et Loic August 17, 2016

  • “Throughout our many years of working with Menzies, we have always found them to be professional in all aspects of their work. The team currently deal with our UK trading company and the holding companies which includes acting as the group auditors for a large international group. Their historical knowledge of our company and operations is highly important to us especially as we have a fairly complicated group structure. The team are reliable, friendly and organised in their approach.

    We would have no hesitation in recommending Menzies to any other company.”

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    Crabtree & Evelyn, Crabtree & Evelyn August 17, 2016

  • “Menzies LLP have acted as our auditor and advisors for a number of years. The company has a holistic range of services to offer, from the compliance aspects of our business and consultancy services which are undertaken by specialist teams. The firm have recently undertaken a business valuation for a successful acquisition of an overseas subsidiary that our group acquired as it continues to grow and branches out into the overseas markets. We have found Menzies to be reliable, honest advisors and would not hesitate to recommend them.”

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    Contechs Holdings Limited, Contechs Holdings Limited August 17, 2016

  • “We have known Menzies for a very long time. The firm acts as our auditors and advisors for the company and our family’s own personal matters. The team fully understand our affairs and come up with pro-active solutions that are in our best interest and tax efficient for the business and family. We also utilise the services of Menzies Wealth Management so the teams work closely together to ensure our affairs dove tail in their advice. The team are trustworthy and reliable and we would not hesitate to recommend them for your personal or company affairs.”

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    Down Street Electrics Limited, Down Street Electrics Limited August 17, 2016

  • “We have been working with Menzies for a number of years for our compliance and advisory matters. The team are approachable, proactive and have been very helpful over the years in meeting our business needs. The team work well to ensure that we achieve our internal deadlines and communicate with us along the way. We would happily recommend Menzies to others.”

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    Emmi (UK) Limited, Emmi (UK) Limited August 17, 2016

  • “We are a very long standing client of Menzies and they deal with all our financial requirements from day to day bookkeeping through to higher level advisory support.  They are always courteous, professional and considered – and relevant to our sector – providing us with solutions that are prompt and accurate and help us to run the business as efficiently as possible.  We would have no hesitation in recommending their services.”
    Takashi Kamimura – Mary Quant Limited

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    Mary Quant Limited, Mary Quant Limited August 17, 2016

  • “What really pleases me is that I’m now, for the first time, proud of my business, seeing it grow and spending less time at work! I’m learning how to have fun and relax again. My hard work is starting to pay off, thanks to Menzies”

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    FTI, FTI May 25, 2016