When the owner of a car bodyshop was taken seriously ill, his son took over the business.
At that time, he had no idea of:
How many production hours were needed to be worked
The overheads of the business
How to produce the level of profitability required
He turned to CM chartered accountants for help.
Together, we took a long hard look at the business and came up with several ways of improving the quality of the information produced by the business, on which future management decisions could be based. This is being continuously updated as the company expands.
A computer system was introduced and performance was monitored on a monthly basis. Since then, the business has expanded and it now constantly looks at new ways of improving both productivity and profitability.