Small Limited Company – how we can help…

Many of our small limited company clients set up from a spare bedroom or small office and have developed from there. Some have chosen to expand, take on a team and increase their turnover and profits, while others prefer a slightly less driven approach.

Whatever their ambition, these companies are largely run by sole directors.

This can be a lonely place from which to run a business, particularly over recent times with the Pandemic, Brexit and difficult economic conditions to contend with.

These clients value having us to call on when they need a sounding board for new ideas, or someone to guide them through some of the typical growth pains a small business can experience. These can include things like cash flow pressures, key decisions such as the timing of office moves and expansion, funding requirements for the purchase of new equipment, or even advice around redundancies.

Using Xero and some of the related apps to keep the books up to date and, in particular, to get and keep debtors under control is often extremely beneficial to our small limited company clients. They sometimes struggle with cashflow at times of growth, when new recruits are needed or when they see an opportunity that they want to take. Good Xero discipline works well here, combined with good cash monitoring, ensuring that they have good processes in place and can make informed decisions.

We have generic resources across the site that can help, or can provide advice and suggestions on a case by case basis. Knowing our clients’ businesses well, we can offer specific advice that will fit with their circumstances.

Our small limited company clients know that we’re only a phone call or an email away, and that we’re very happy to help whenever they need us. They know too that these calls are included in their standard fees, so they don’t worry about incurring extra costs.

Pricing is always a subject of conversation with our small limited company clients. Many find it a leap to raise their prices to reflect the real value of the service they offer. It’s key that they are clear on their options and avoid underselling their service though, and appreciate the value of tracking the time and profitability of each job they work on or each product they offer. Firm control of both can quickly be felt on the bottom line.

Some Directors of our small limited company clients complete their own Tax Returns each year, referring to us if they’re unsure of the treatment of any aspect of their affairs. The majority though prefer to concentrate on running their business, and let us take care of their personal affairs as well as those of the company.

These clients tend to call on the following services:

• Year End Accounts
• Business Tax
• Payroll
• Cloud Accounting Software
• Outsourced FD

If you’re a sole director running a limited company and these challenges sound familiar to you, we can help! Why not get in touch now for a chat!