Retail businesses face increasing pressure to meet their objectives and retain market share in an ever-changing environment.

Retail

How, where and when consumers buy is constantly evolving, due to the changing face of the high street and the rapid growth of online trading, direct marketing and mobile commerce. These trends are placing intense price pressures on retailers and in some cases, have resulted in falling or even flat takings.

Price pressures aside, retailers face rising overheads, property issues, increasing legislation and competition from overseas markets.

We understand that timely and proactive financial and business management advice is crucial to our retail clients. Therefore, we provide strategic advice and detailed management information that ensures clients can maintain their position and improve it.

We currently work with a wide and varied range of high street, mail order and eCommerce businesses, assisting them with:

  • Starting up a retail business
  • Budgeting, cash flow forecasting and financial projections
  • Choosing the best trading structure
  • Financial management and control
  • Buying and selling property
  • Strategic expansion advice, including funding options
  • Supply chain management
  • Stock control, purchase re-ordering and reconciliation procedures to maximise profitability
  • Remuneration planning e.g. dividends, bonuses and salaries
  • Mergers, acquisitions and disposals
  • Succession planning, growth planning and exiting a business
  • VAT obligations
  • Installation and maintenance of IT systems

SPEAK TO AN EXPERT

Andrew Hopwood
Andrew Hopwood
Client Partner
David Hardy
David Hardy
Client Partner
Christian Hignett
Christian Hignett
Accounts Director

WHAT OUR CLIENTS SAY...

“We are delighted to appoint Champion Accountants. We were most impressed with their knowledge and understanding of the Clogau brand and attention to detail at every level.

“Clogau was able to not only survive the unprecedented year that 2020 presented, but to truly thrive as a business. Having Champion on board will ensure that our small network can be better supported as we look forward to continued growth and success through 2021.”

Danny Evans, Finance Director at Clogau

WHAT OUR CLIENTS SAY...

“Taking ownership of what was The Bike Shop, before our rebrand, required us to partner with a trusted accountant who could help guide us. Fast forward to the present day and we rely on Champion for our payroll, VAT, annual accounts and much more. They’ve also played a role in our succession planning to develop the right structure for our family business. I deal with various members of the team who each deliver an excellent service, and I couldn’t ask for anything more.”

Malcolm Hardy, Director at Giant Blackpool

WHAT OUR CLIENTS SAY...

“I’ve been a Subway franchisee for 10 years and now have five individual premises to manage. I moved to Champion around five years ago when I discovered my previous accountant had mismanaged several of the services I paid for. Champion came into my business knowing there was a lot to do but instantly gave me the peace of mind they would get everything back on track quickly – and they did just that. As well as supporting me with end of year accounts and corporation tax, Champion provides monthly management accounts for my individual stores so I can see how each is performing. Recently, I’ve appointed Champion to conduct payroll services for all the staff across the five branches, which is very streamlined.

“Moving to Champion was a great decision – I’d recommend them to other people for their clarity in communication and for how they continually present me with new services that make my life easier… which I’m all for!”

Ian Fryer, Director, Freshly Does It

WHAT OUR CLIENTS SAY...

“We have been working with Champion Accountants for a very long time and, of course, nothing stands still. The team have helped us continue with the flow and ensure that our business is always up-to-date by providing a range of services. Champion are extremely helpful and if we ever have a query, they always do their best to explain it to us in a way that is easy to understand.”

John Rigby, Third Generation Business Owner at Rigby Jewellers

For more information about how champion accountants can help,

Contact your local champion office today.