Cambria Automobiles reported strong end of year figures, with sales topping £500 million for the first time at £523.8 million. Profit was also up, increasing 44.1% to £8.5 million, while the...

by Neil Tewkesbury In the current financial climate, we need to examine all areas of our business and ensure that costs are minimised and maximum value for money obtained. Much focus is placed on the...

Every December, dealerships lose money. They often appear to make a profit on paper, but that is because accountants over-accrue throughout the year, hold back bonus money and roll these reserves back...

One of the regular checks I make is how the fees charged by our auditors compare with those of other dealership groups. The variation is huge – fees per £million of turnover for financial...

It is not just the ‘cost’ of corporation tax which impacts upon your business. The cost of having your accountants prepare the computations can also be up to half as much again as the...

We are all familiar with the anxious sales executive regularly calling Accounts to find out if a customer’s cheque has cleared so that they can deliver the vehicle. Late last year, the banks...

A startling statistic: within the motor trade, serious VAT errors are found on two thirds of all VAT inspections. Do not be fooled, VAT officers know all about your business and the industry. They use...

With rising interest rates and a slowing economy, it is unfortunately inevitable that some businesses will not survive. These may include your current and potential customers. What steps can you take...