Will and Mandy run a successful dairy, beef and arable farm with of 300 milking cows, near Cullompton. Pat has worked with the family for 6 years and soon became their first port of call for advice on all financial and commercial matters.
‘We find Pat’s analysis and presentation of accounts really informative and useful. The pence per litre format coincides well with our dairy costings and helps us to compare our performance to others’.
In addition to the statutory accounts and tax returns, Will and Mandy have embraced the budgeting process – even enjoying it - and we catch up with them quarterly to compare performance against budget.
‘This was particularly interesting at the 9 month budget vs actual stage, as we were then in a position to better estimate what the profit for the year is likely to be. We look forward to our accounts meeting in a few weeks to see how close we were!’
The budget process and prompt preparation of the accounts following year end allows us to advise on potential investment decisions for the coming year(s). This also allows us to strengthen the relationship between Will and Mandy and their bank. We have assisted in the past with the financial structure of the business and continue to support Will and Mandy with bank discussions.
What we do for Will and Mandy does not just consist of financial and tax matters. We have advised and represented Will and Mandy on family trust matters, inheritance and succession planning and provide a sounding board for them as and when required.
‘We particularly enjoy working with Pat and Kathy as, not only do they understand our business, they both have a genuine interest and enthusiasm for our business and the farming sector.’More Case Studies