A cost effective solution for growing businesses in Horsham

Redwood Financial Advisers Ltd was established in 2002, with two directors who developed their business to a sizable firm. Like many businesses, they were finding that they needed to spend more and more of their time on administration and statutory financial tasks rather than actually running their business. Their accountant, Tony Sandford of Plummer Parsons, referred them to Brian Johnstone of The Financial Managementt Centre in Horsham approximately two years ago, with a view to him taking on responsibility for the management of some of these tasks.

“Having been recommended to Brian at the Financial Management Centre by our accountants, we met with him and explained our business requirements. By working closely with our administration team and accountants, Brian has put together a comprehensive and bespoke bookkeeping service, which assists the financial management of our business, giving a cost-effective alternative to employing our own accounts staff” said Lynn Newman of Redwood Financial Advisers Ltd.

Redwood provides a regular summary of their revenue to The Financial Management Centre to use as a basis to formulate management figures ahead of monthly Directors’ Meetings. The use of Quickbooks software enables the figures to be presented in such a way that the Directors can see the performance of each individual and therefore the overall business performance. In addition, The Financial Management Centre prepares the monthly payroll, ensuring that Redwood remains compliant with HMRC’s RTI procedures.

At year end, The Financial Management Centre also prepares annual accounts for Redwood to pass on to their accountants.

Brian works closely with the admin staff on site, freeing up time for the Directors to concentrate on running and growing their business.

Tony Sandford, who originally recommended Brian to the firm, commented “I have known Brian Johnstone since he started working for my firm in the mid-1980s. Brian worked for me for at least ten years and qualified as an AAT during that time. His work was of the highest standard, and I was sorry to lose him. His professional conduct was and still is excellent and of a high standard. He provides a very good service and I would have no hesitation in recommending him.”