Supporting a fencing contractor to increase turnover by 2285% to almost £2million per annum.
Turning two loss making, insolvent businesses into profitable companies.
With 100% control of their numbers, and an accessible, optimised, simple view of the critical figures – in real-time – Peter and Tony can now make strategic business decisions with 100% certainty.
When two gold-medal standard businesses combine – winning becomes the only logical outcome.
Great service generates reputation and reputation keeps and attracts customers.
Fast forward seven years and the company employed 12 full-time staff and generated £4.5m turnover per year. Some growth!
Jamie learned a lot during those years, and the business benefited from his fearless, can-do and will-do approach to delivering customer satisfaction. In his words, ‘We were on the crest of a wave.’ The problem with waves, however, is that they often come crashing down in dramatic style.
The team at Meades Group quickly tidied up what was a very messy looking accounting system, corrected several thousand pounds worth of invoices that were showing unpaid, and optimised Jonathan and his wife’s drawings from the business. And that was just the start of the improvements they made.
"Paul’s hands-on enthusiasm and interest in what we want to do here is contagious; and his insightful wisdom is so reassuring at each meeting"
If you can’t run a business without money, you won’t be able to run a business with money.
The impact was instant and Paul’s involvement in board meetings, giving clarity to the numbers and steering the business, was exactly what he wanted.
His input is certainly one example of where good external support helps.
Paul looks after everything and lets me know the results as and when I need them.
Having the full support of Meades & Co has given her the confidence and extra time she needed to keep moving the business forward.
The move to a more professional accountant that was in touch with the latest technology and able to simplify and optimise their systems made a significant difference, both in the early years and ever since.
Over the last two years, the growth has slowed in percentage terms, but Nirvana has continued to generate new business and seen big numbers added to the turnover. Where the real difference has been experienced, however, is in the profitability and business efficiencies that they have enjoyed.
With 14 vans out on-the-road, 30 staff and never quite being able to stop, the business had become more than any of the family had really wanted it to be. London, in particular, was causing far too many problems.
"I’ve been using Meades for around 15 years. Talking about HMRC is daunting for me, and I would rather Meades just take care of it all. And that’s exactly what you do."
"They enable to me sleep at night because they’re so professional."
"It's transformed our business and how we do our accounts."
“I never did have to take anyone on for the bookkeeping”
"It’s saved us money – and that’s key for us."
...also an even bigger thank you for help with Xero.............. having tried to convert the ladies over to cloud accounting for at least the last 2 years I am delighted that Louise has made the difference and given Katie and Anita the confidence to remove the Sage shackles!
"Paul is a professional in what he does. Open minded, pro active and innovative specialist in his line of work."
"Paul has been very helpful and efficient for me to minimise tax payments, and is very knowledgeable."
"I have known Paul for two years and in that time one thing has become crystal clear… he is someone who really makes things happen. If I still lived in Watford (I was born there, but now live in Leeds) I would move mountains to have him as my accountant."
"We find it very refreshing working with Paul and his practice. His approach is very positive, entrepreneurial and proactive and he has a genuine desire to offer his clients the best possible service. I look forward to working with Paul for many years to come."
"Commissioning Meades Group to manage all our finances is one of the best business moves we have made. The firm is particularly forward thinking and full of great ideas, all of which have positively impacted on WLC. I only wish we had been introduced to them ten years ago."
"Meades Group provides a consistently high and professional level of service as well as invaluable business advice. What's more is that the level of personal assistance it offers far exceeds other accountancy practices and I always recommend them to friends and colleagues. That says a lot."
"I have rarely met an accountant and advisor who is so driven and committed to providing a service to his clients which is second to none. His enthusiasm for helping clients save tax and grow their business is truly amazing. I have known Paul for over a year and continue to be impressed by all he does as an exceptional accountant, tax planner and business advisor."
"I am proud to say I have found in Paul and Meades Group a terrific partner. A deep seated relationship and trust has been formed not just with Paul but with Rachel and the whole firm. When I call the phone is always answered politely and my questions easily dealt with. It might seem a small point, but for me it is a great indication of the business as a whole. Highly recommended; great accountant, great strategic support."
"I have worked with Paul on several occasions and he, as has his team, have been proactive, helpful, and cost efficient on every occasion. As a result i have recommended friends to him and would have no hesitation in doing so again."
"I recently began starting up my own business. The entire experience of owning a business was all totally new to me. I had some ideas, but no direction or organisation about owning and running my own business. I needed complete guidance and support; where to start from, how to develop and how promote my new business. Paul was excellent! He was professional, creative, knowledgeable and extremely approachable. He enabled me to put my ideas into practice in a professional and successful way, always encouraging me to develop my own ideas and to look outside the box to find solutions and nurture best practice. I would highly recommend Paul to anyone thinking of starting their own business. You can be assured Paul will help your new business fly!"
"We have used Paul and his company for many years and found both him and his staff very personable and professional."
"My Engineering Consultancy has been associated with Meades Group since 1977. Paul's father originally did my accounts and advised and guided my business and personal financial matters in the right direction over several years. Paul has taken his family business to greater heights. However I have found Paul to be very knowledgeable in his advice, and conscientious. He and his team will work hard for your business to present you accounts in the most favourable manner to the Tax Authorities but also doing his uttermost to minimise your tax liabilities. Paul is a pleasure to do business with, I find him very easy to communicate with. I put my trust in Paul as I did with his father to take good care of my interest and they have never let me down. I would highly recommend Paul Meades and Meades Group."
"Paul provides a knowledgeable, friendly and efficient service and is highly recommended."
"I have been a client of Meads and Company Accountants for well over 10 years. During this time I have found Pauls vast business knowledge to be invaluable in helping me grow and increase the value of my Company. I have no hesitation in recommending him to future clients."
"Paul is an extraordinary accountant. He is incredibly focussed on adding value to the clients he works with. I see Paul regularly at events - he is committed to continually learning more so that he can help the businesses he works with - and it continually amazes me how much of the things he learns he puts into action."
"Paul was recommended to me at a time when I was experiencing extreme financial difficulties. Paul listened and then put a plan in to action with time scales. True to his word, his plan worked and on time. I have no financial concerns now and my business is growing."
"My initial relationship with Paul was started over two years ago and was based on supplying him with staff for his rapidly growing business. Subsequently we have built a strong working relationship and he has provided our business with highly beneficial Tax and Accountancy advice and a very professional service. Furthermore, the feedback that I have received from the staff I have placed within Meades Group is extremely positive about the structure, services offered and most importantly for me the integrity of the business and Paul himself. I have absolutely no hesitation in recommending Paul and his business as and I wish him all the success with his continued growth."
"Paul is a great guy to work with. He understands what is needed to grow businesses effectively. He knows what needs doing and then gets it done. Our relationship has focussed around tax planning and I have learnt that Paul knows everything a business needs to know about efficient tax planning for successful growth. Originally Paul started as a client of ours but we have been so impressed with the way Paul operates we are changing accountancy firm."