EBA Consulting Ltd

"Be content with your lot; one cannot be first in everything. "Aesop 

Tel: 01554 890300

Tackle Those Business Problems

When directors, owners and managers take a break particularly over the Christmas period they often reflect on the previous years trading and consider what changes they would like to make in the New Year.

So the first few weeks of January are ones when people are full of vigour hoping to put right all those ideas which were put to one side in previous months. However if the moment is not seized then very quickly people revert to the daily grind and pressures which inevitably means those changes remain dormant.

We suggest a business review incorporating the key elements which will make a difference. Enlisting outside help and expertise ensures momentum is maintained  and the original objectives are focussed and achieved. 

We all suffer from the 'I will get around to that' syndrome. Using expertise such as ours ensures only areas of importance are concentrated on thus minimising distractions.

If you need assistance with this contact us now before it's too late

It is vital  businesses, especially the SME sector gain access to key areas of assistance to help them in their development process.

Expanding, Diversifying - Acquiring a Business

Expanding a current operation, diversifying, or entering into business for the first time can be helped significantly if an existing business is acquired.

Buying and selling a business is a very active market place so when embarking down this route the basic business plan rules should apply. This focus then ensures a suitable fit which includes funding, management structure, marketing, sales and financials etc.

Buying an existing business usually gives an instant infrastructure together with an established access to market.

Finding the right business can be done through advertisements such as our website, or more often by making specific searches to meet the acquirer’s criteria.

If this route appeals to you contact us for a free informal appraisal as it may be a method to achieve goals previously thought unattainable.

If you need assistance with this contact us now before it's too late

SME Accounting and Definition Changes

From January 2004 the accounting threshold for audit will change from the current annual turnover of £1 million to £ 5.6 million. This should exempt a further 69,000 companies to add to the existing 800,00 companies already being audited.

At the same time The Government is also raising the turnover limit that defines an SME. Small companies will be defined as a turnover not more than £ 5.6 million  and a balance sheet of not more than £ 2.8m. Medium size firms will have a turnover up to £22.8 million and a balance sheet of £ 11.4 million. The employee size definition remains the same of 50 for small and 250 medium sized enterprises.

These changes will create a number of benefits not least the cost of audit but also tax benefits on equipment such as plant and machinery.

If you need assistance with this contact us now before it's too late