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Jackson Stephen LLP
Chartered Accountants and
Business Advisers

James House
Stonecross Business Park
Yew Tree Way
Warrington
Cheshire
WA3 3JD

01942 292500

 

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independent chartered accountants manchester

independent chartered accountants manchester

Jackson Stephen LLP Chartered Accountants Jackson Stephen LLP Chartered Accountants Jackson Stephen LLP Chartered Accountants Jackson Stephen LLP Chartered Accountants Jackson Stephen LLP Chartered Accountants Tel: 01942 292500
clients say

warrington wolves logoWarrington Wolves

Jackson Stephen have not only been our business partners, preparing our accounts, performing our audit and advising on taxation issues, but also have been an integral part of our community. We needed an accountant who really understood the special needs of our sporting community and offered advice based on a sound knowledge of our business.

The last few years have been particularly successful for Warrington Wolves on the pitch, winning the Challenge Cup two years in a row and with their refreshing, common sense approach, staff at Jackson Stephen have worked with us to translate these playing achievements into business success.

Jackson Stephen not only keep our accounts team updated on the ever changing technical landscape, but also advise many of our players on their personal finances, especially those from different countries on their tax affairs.

We are keen to work with businesses that have a true sense of community, a trait shown by our accountants who support the Warrington Wolves Foundation Charitable Trust and also introduce local businesses to the match-day experience here at The Halliwell Jones Stadium.

Warrington Wolves recommend Jackson Stephen to our contacts within our local community and look forward to continuing and developing the relationship between our two organisations.

A J Gatcliffe - Chief Executive Officer


primer mould logo

 

W Howard Limited

I am very happy to provide a positive reference for Jackson Stephen LLP who are the accountants for W Howard Limited. We are the UK’s leading manufacturer of MDF mouldings and are a family owned Manchester based business, with over 50 years experience in the timber industry.

Jackson Stephen has provided us with a conscientious and cost effective service over the last 15 years with proactive partner led advice provided over and above what we were able to find from other accountants.

In addition to our normal accounting service they have performed special work. For example they have given us Corporate Finance advice on an acquisition and tax advice on company transactions, as well as family tax planning including trusts and inheritance tax.

We have one partner in charge of our business who is always contactable and who liaises with other specialist partners and managers to make sure there is a cohesive approach to their work. Our partner actually attends our management meetings and has been invaluable in terms of adding external advice and another perspective on our business’s development.

During the time they have been working with us our turnover has grown from £1,500,000 to £13,500,000 and we estimate this to increase much further over the next few years. Jackson Stephen have played a major role in helping us to do this.

As well as their internal expertise, they also have extensive connections and are always happy to introduce other advisers such as lawyers and banks as and when needed and should we require them.

I would be very pleased to speak to you regarding their service, if you have any questions.

Jonathan Grant - Managing Director

client experience

Our planning specialists work together with you to devise a strategy for you and your business. They develop a plan and assist in implementing the necessary steps, principally as follows:

Situation analysis; a study of the current position of your business in terms of operations and facilities and its position in the market.

Exit strategies; a study of your personal objectives in the context of your business.

Achieving your goals; the achievement of your goals
may involve:

- Business development
- Devising and implementing systems
- Implementing cost efficient procedures
- Implementing accounting systems and analysing results
- Market research and competitor profiling
- Feedback from suppliers, customers and staff
- Selecting and training future leaders
- Succession planning
- Wealth creation and planning
- Tax planning for you and your family in the context of your business

Two owner managers discussed how frustrated they were at working extremely long hours and achieving growth in sales, but their company remained unprofitable.

They were under pressure from the banks and other financiers and therefore the company desperately needed to achieve profitability.

We found the directors didn’t produce any management accounts, budgets or hold any detailed customer information. They hadn’t performed any competitor analysis, information vital in setting sales prices. Also the company’s systems, premises and staffing policy had evolved on an ad hoc basis without any formal planning or structure.

From our review, it was apparent that the factory lacked a general manager to work on the day to day running of the business, enabling the directors to concentrate on long term strategy. In fact under the general manager the company reduced raw material waste by 8% in their first year.

We produced a budget and implemented a management accounting system which included detailed cost analysis. The outputs from these systems indicated that ‘specials’ or short production runs were not being properly priced, and were actually being produced at a loss.

We continue to work with our client and are now in the process of writing a 5 year business plan to include an exit strategy for both the directors. We can happily report that in less than 12 months the company is achieving substantial profits and has repaid all debts.

 

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