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Case Studies

Fast Forms UK


We appointed James, Stanley & Co. as the company’s accountants in 1994 and since then we have moved premises once and acquired two sister companies.
 
Throughout that period we have been served by a friendly and technically competent team which has included Andrew James (director), Dawn Price, Sue Blackledge and our current account manager, Chandni Ladwa. All of the team have been a pleasure to deal with
 
Andrew has impressed on us the importance of preparing annual budgets and forecasts and measuring our actual performance against those forecasts – we then use this information to make strategic decisions for our business. In the early days, James, Stanley & Co. prepared quarterly management accounts for us and these were a great help to us in giving us an accurate handle of our numbers in real time. We now have the expertise to prepare our accounts in-house but the principle which James, Stanley & Co. impressed on us of having regular and reliable accounting information at our finger tips has not been lost.
 
I feel that our accountants really care about us and our business and the help and support that they have provided us with over the years has gone far beyond what you may have expected from traditional accounts. They have benchmarked our results with those of our competitors which has highlighted areas where we could improve, helped us with our marketing, guided us through rent reviews with our landlord and most important of all, they have been a reliable sounding board for any major decisions I have had to take or issues that my companies have faced.
 
I look forward to working together with my accountants in the future safe in the knowledge that they always have my best interests at heart
 
 
Keith Price – Director
14 March 2019


Davies Precision Grinding Ltd


I set up my business back in the early 1990s with my wife Janet and we specialised in precision grinding of machine tools in those days. Initially, we traded as a partnership before incorporating in 2000. It was just after our incorporation that we changed accountants to James, Stanley & Co., having previously used a couple of accountants who we felt did their job but little more. We felt that they did not buy into our business and what we were looking to achieve.
 
In 2000 a friend of mine put me in touch with Andrew James of James, Stanley & Co. and, having met with Andrew, I felt that he was more passionate about our business than we had previously experienced from accountants in the past and so we switched to James Stanley & Co. for our accounting and taxation compliance requirements.
 
It is a testament to the service that they have provided that we have stayed with the firm ever since. Our account manager for the whole 19 year period has been Sue Blackledge, who Janet quickly struck up a rapport with. This was crucial as Janet has been responsible for the company’s finances whilstI have looked after the grinding and chroming operations. Sue has been an enormous help to Janet over the years helping her with the book keeping, changeover of accounting systems and any other accounting issue that we have come across over the years. I believe that the continuity of the team at our accountants has been a major factor in our success.
 
However, it is the advisory services that I believe we have benefitted from most from using James, Stanley & Co. and here are a few examples of how they have helped us.
 
Tax planning
Each year we have either met with Andrew or at a minimum discussed over the phone the company’s tax position, about a month or two before our year-end. The advice we have received has saved us, I reckon, approximately £44,000 in corporation tax.
 
Pricing
Andrew has given us advice on our pricing so that we have been able to maintain our margins despite suffering significant increases in utility costs, wage rises and cost of materials.
 
Management buy out
They have helped us significantly in passing the business on to one of our key employees. This is an area in which Janet and I have little knowledge and we had no idea of the tax implications or the hoops that we had to jump through. Andrew has advised us through this process, setting up a tax efficient arrangement that works for both us and our employee who is taking over the company. He has liaised directly with the solicitors to ensure that everything has run smoothly and he has obtained clearance for the deal with H.M. Revenue & Customs.
 
In conclusion, when you work with James, Stanley & Co. you work with a team that really care about your business and who will walk with you and help you deal with many of the issues that you face when running a SME.

Adrian Davies - Director
30 April 2019