Case Study
A Broadcast Equipment Hire Company
Precision One’s work with a broadcast equipment hire company has seen a business move from trading difficulties to being in a strong and healthy position. Our advice promoted increased profits, shareholder reassurance, a planned strategy for growth and allowed the smooth exit and retirement of some shareholders. A spokesman from the board happily admitted recently that “the company has never been so strong.”
Overly prudent tax planning meant that the company’s balance sheet had come out of line with its cash and borrowing needs. Precision One’s review saw all equipment written off over a period of four years when valuations and equipment sales clearly showed a valuable life of seven to ten years.
Precision One was able to protect the tax position but also re-establish the balance sheet. This allowed profits to grow, banks to lend money to support rapid growth in turnover and shareholders to be reassured.
Precision One happily continued to work with the board and shareholders to assist with strategic planning, retirement planning and enabled the smooth exits of several shareholders.
A brilliant move was to suggest that the company ship much of its equipment to South Africa for several months of the year when UK sunlight does not support filming; equipment gathering dust now turns a healthy profit!
A complete review of your business by an objective and experienced partner may turn up any number of areas for improvement in your business, wouldn’t you like to know what they are?
Find out – give us a call and ask for Sarah Jane on 0845 2010320.
To see what Precision One could do for your business call Sarah Jane on 0845 201 0320.
