EXITING YOUR BUSINESS WITH AN EMPLOYEE OWNERSHIP TRUST (EOT)
Tara Walker
3 minute read
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Fast-paced, ever-twisting, always turning. The retail rollercoaster won’t slow down. And to keep up, you need advisers who’ve supported your peers, with the experience and fresh ideas to spot opportunities.
Sure, loads of firms will say the same. But loads of firms lack the expertise, credentials and connections to back that up.
With active relationships with more than a third of large retailers in the Midlands. Along with a portfolio of retail clients based across the UK. We’re a leading adviser in the sector, and we’re rightfully proud of the clients we act for and the work we deliver – both for and with them.
Our clients include grocers, petrol stations, convenience stores, fashion retailers, sports and outdoors retailers, online entrepreneurs and High Street names. Not quite the butcher, the baker and the candlestick maker, but pretty much everyone in between. We work with online retailers. And bricks and mortar-based stores. Others operating with a mixed approach. Keeping a high street presence alongside growing their ecommerce route to customers.
We work with start-up businesses at all stages of their lifecycle. Many on a huge and rapid growth journey as they smash their targets. B Corp companies and those on a journey, like us, to achieve B Corp status. Privately owned businesses. Private Equity backed businesses. And retail businesses seeking investment.
And with our experience in supporting retail ranging from full statutory audits to special, tailored projects, we know how to form a partnership that makes a lasting difference and adds real value for you and your stakeholders.
That’s why many of our relationships are long-standing; some over 15 years. Plus, the vast majority of our work comes from referrals and recommendations. So, we must be doing something right.
Worth over £421bn in the UK alone. The retail sector is changing. And not just since the impact of Covid on the High Street. In 2021 30% of all retail sales were made online. And that number is steadily increasing.
We know what keeps you up at night.
And we know it all too well. Why? Our Head of Retail, Cat Kelly, is a FORMER Chair of the ICAEW Retail Advisory Group, leading the accountancy industry’s response to over 5,000 members of the retail community, as well as liaising with the government on what’s critical to the market.
A number of our team have spent time “on the other side of the desk”, working for large retail businesses including Dunelm, Boots, NEXT and Co-op. And we frequently send secondees to help out in our clients’ businesses, building our team’s practical and commercial experience in the process.
We help our clients develop their in-house finance resource. To keep pace with growth ambitions. Helping them get the processes and tech in place to succeed. Our Outsourcing team can provide extra bandwidth in your finance team during times of change.
We can be the extra pair of hands that you need. They work with dynamic and rapidly growing retail businesses. Particularly those with a focus on e-commerce platforms.
Check out the different ways the CP team can support you below, meet the awesome people making it happen, and find out what makes us the perfect partner to help you navigate the retail rollercoaster – with enough time to enjoy the ride.
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“Pragmatic, balanced audits delivered on time and on budget. Thank you!”
“Professional service. Good communications.”
“Results in line with expectations – from a cash perspective lower than hoped but I feel CP helped us get the max for the spend we had.”
“The audit team are very easy to deal with and take a common sense approach which helps to make the audit process as pain free as possible. The staff are always friendly yet professional. Any queries and requests raised are always sensible and valid. The fees are also competitive.”
“An improvement from last year, weekly catch ups definitely helped to mange the workflows.”
“I feel I have a great relationship with David, and we understand each other. We have between us, had a great year end and was very happy how we completed the accounts..”
“Very supportive as we have brought the audit forward this year. Technical guidance is relevant and timely. Tax support well rounded across all relevant areas.”
“CP team have been approachable, knowledgeable and fun to work with. Improvements? Perhaps a few more blogs/technical updates.”
“Good communication, timely input, available when we need you..”
“The first audit has been performed efficiently with excellent communication and without any issues of note.”