The Market
Over the past 12 years, The Local Bookkeeper has established a niche within the small medium sized enterprise (SME) market where many traditional accountancy firms and many unqualified bookkeepers are unable to deliver the required level and range of bookkeeping services that is expected by clients.In 2004, the DTI estimated that of the 4.3 million business enterprises in the UK, 99.9% were small to medium sized.
At the start of 2004, SMEs accounted for:
- More than half (58%) of all UK employment (small enterprises accounting for 46.8%; medium-sized enterprises accounting for 11.7%);
- More than half (51.3%) of the UK's estimated business turnover of £2,400billion (small enterprises accounting for 37%; medium-sized enterprises accounting for 14.3%).
The following many issues are commonly faced by SME business owners, here are a few:
- Cash flow issues were rated a main barrier to growth (SMBT Q3 2006 report).
- By the time a business owner receives their Year-end accounts, the information could be 20+ months out of date from the first month of the accounts. This gives business owners a distinct lack of financial awareness of their business, which could affect the grounds upon which important business decisions.
- Not up to date with changes in legislation and red tape, sometimes even industry specific requirements like the CIS (Construction Industry Scheme).
The Local Bookkeeper - The Solution
We have developed a portfolio of services that are aimed at meeting the needs of small to medium sized business owners and solving the above issues and many more problems faced.We provide a range of services including bookkeeping, management accounts, payroll, and credit control, all aimed at helping business owners. We also have a selection of services that are delivered by a group of 3rd party providers, which allows you to monetise your client base.
Our services are aimed at strengthening cash flow, providing better financial transparency, and more in-depth management information allowing business owners to become more profitable through a better understanding of various factors that influence their business.
Being trained in our systems and processes, will allow you to deliver a uniquely designed and engineered customer experience, which makes you stand out as a professional, generate referrals allowing you to benefit from a fast growing business and in the long term, obtain a higher than average fee for your local market.
