By Tim Corfield
I’d say so. Again, I know I’m biased but I’d say the most important relationship a business owner has is with his accountant. Most successful businesses have an accountant or a ‘beanie’ very close – and a successful relationship will last for years and help the business evolve.
A business owner should use his accountant as a sounding board as he will get to know the business inside out and often offer a different perspective to a situation.
I’ve been dealing with a company recently where the director has injected around £500,000 into his business over the last few years and it’s now all lost. He didn’t have any faith in the company accountant and certainly didn’t have a close relationship. The accounts weren’t up to date and nobody really knew how the company was performing…other than badly! Now, if he’d trusted and had worked closely with his accountant ……..? I think things would have been different.
So, if you find you have a client that shows any financial warning signs please call to ask for our comments and advice. Any chat or meeting would be free and confidential and I’m sure it would help! In most cases a formal insolvency can be avoided – the sooner we get involved, the sooner we can help put a survival plan together.
We have assisted many people with voluntary liquidation in the UK – view our testimonials here.
If you would like further information on business recovery please contact Griffin & King Insolvency Practitioners on 01922 722205, and speak to Tim, Mark or Janet.
You can also contact Janet by email on janet.peacock@griffinandking.co.uk, or by text or calling on 07545 806 531.
