Results we achieve for our clients

Read about how we have helped businesses like yours, to look good, feel good, make money save money.

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Getting Trackit247’s accounts moving in the right direction

With 11 years in business, Sanjay and Harsha Mistry of Trackit247 had been left feeling bruised by their previous accountants. After too many sleepless nights and an oversight in their books that almost cost them £1000s, they knew it was time for a better, more meaningful approach to their finances.

How we’ve helped Sanjay and Harsha Mistry at a glance:

• Expert support with Xero, not just to migrate them from Quickbooks, but to help them get the most from the software
• Rebuilding their trust in accountants after being let down multiple times.
• Saved them £9,555 in personal tax by unravelling the mistakes of the previous accountant.

Next steps are to support them in:

• Providing strategic growth advice, backed up with accurate financial data.

Read the full story here

Turning two loss making, insolvent businesses into profitable companies

• Helped turn a loss of £350,000 to a £650,000 profit – an improvement of £1m over three years
• Helped turn a negative balance sheet of £850,000 into a positive balance sheet of £1,400,000 – an improvement of £2.25m in 3 years
• Converted a £300,000 overdraft into a positive bank balance of £650,000 – an improvement of £1m in 3 years
• Saved the business owner £260,000 in tax in the same period
• When we started working with them, this company was not making a profit and had a zero balance sheet; just 3 years later the profits were circa £200,000 and the balance sheet stood at £160,000
• Most importantly we have been informed by the client’s bank that our guidance enabled it to continue to provide financial support, consequently avoiding the forced sale of the family’s assets.

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How we supported the growth of a fencing contractor

• An increase in turnover by 2285% to almost £2million per annum
• Trading from their own premises – allowing for increased production by selling fencing supplies, not simply fitting them
• Bulk buying – facilitating a change in client profile and optimisation of turnover
• Increased staff numbers – enabling further business expansion
• Our tax planning advice resulted in tax savings of approximately £250,000 over a 5 year period. The owner has subsequently invested in a property portfolio of five buy-to-let dwellings, providing financial security for the future of his family.

Read the full story here

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Bringing clarity to business numbers to make strategic decisions with certainty

Tony Searle and Peter Cronin joined forces in 1999 to build a business to help global brands to engage personally with their end-user audiences. With Meades support they have:

• Transitioned from Sage to Xero, described by Peter as “…the end result was like walking out of thick fog and into clarity.”
• Gained control of their business numbers
• Have a simple view of critical numbers
• Take strategic decisions with 100% certainty.

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A five-figure saving, just by asking the right questions

Building a publication that is the go-to voice in an industry worth over $1,000 billion globally requires world-class financial support and that’s exactly what Meades deliver.

• Within the first month, Paul had saved Spencer a five-figure sum, simply by asking the right questions
• Spencer says, Paul’s advice continues to have a positive impact throughout the business.

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Drawing a good salary for the first time and building a robust, profitable business

• In the first year the team helped them to draw proper salaries for the first time
• New found profitability helped the business owners to buy their homes and pay their bills on time
• Given the business owners peace of mind, the Meades team attention to detail has been constant reassurance
• Knowing their numbers helps them protect their profitability and the business can now confidently take on larger jobs.

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This business owner could have purchased a new car with the tax saving Paul identified

• Getting a second opinion on this business’s accounts was worth a small fortune
• Supported the business to grow to a team of 30
• Helped the business owner to plan strategically to grow their turnover.

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Restoring a business owner’s faith in accountants

“The difference was palpable, as soon as we met with Paul and Debbie” Jonathan Smith, Youngevity

• Meades brought order to a chaotic accounting system
• Corrected several thousand pounds worth of invoices that were showing as unpaid
• Optimised the business owners drawings

That’s just the start of the improvements…

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The big city accountancy didn’t do this…

• Identified opportunities, both for the business and personally for the business owners
• Provided support to build confidence to invest more in the business
• Quarterly strategy meetings to keep the business on track towards the business owner’s vision

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