A key aspect of improving your business is getting reliable financial data that you can understand.
If you are confident in your accounting system you can use the information to make the right financial decisions for your business.
This could help you identify profitable areas of the business to grow and highlight loss making activities where a change in approach, pricing or market may be required.
Both Skills Development Scotland and many local authorities have grants available to help you pay for training for yourself and key staff.
We can provide this training and help with the grant application. If you would like more information, please contact Fiona Struthers on 0141 643 9200 or e-mail
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ad+ Chartered Accountants & Business Consultants
1 Cambuslang Court
Cambuslang
Glasgow, G32 8FH
Direct Tel: 0141 643 9200
Fax: 0844 811 0544
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AUDITEL CAN HELP WHERE BUSINESSES FEEL THE HEAT OF RISING ENERGY COSTS
UK businesses are experiencing above-inflation increases in core business costs leading many to cut back, new research shows.
The findings from the Royal Bank of Scotland show that 55 per cent of those surveyed have seen their energy costs grow faster than the current rate of inflation, which stands at 5 per cent (see chart).
Additionally, 23 per cent say that the rise in energy costs has been higher than 10 per cent.
On the back of this, two thirds report that they will tackle the issue by cutting costs in 2012, while 14 per cent say that they would look at cutting back on staff.
Peter Russell, head of the manufacturing sector at RBS Corporate and Institutional Banking (CIB), comments, 'There is little or no respite from increased energy costs for many medium-sized businesses.
'These are core costs which have a direct impact on price competitiveness. Whilst commodity prices have eased back of late, businesses remain focused on how to tackle mounting energy costs. In these difficult times it is proving much harder to pass on these costs to their customers, leaving profit margins under significant pressure.'
For over 15 years Auditel has dedicated itself to becoming the leading specialist energy cost and purchase management consultancy in the UK and now helps thousands of organisations reduce financial waste and increase profits.
For more information and a free business health check contact;
John Lynch at Auditel on 01698 268383 or
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Or visit our website at www.auditel.co.uk/johnlynch
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