This client established a recruitment company in the early 1990´s, during the depths of the recession. It was therefore vitally important to exercise tight financial controls from the outset.
CM chartered accountants installed a computerised management reporting system to enable the Managing Director to provide properly controlled remuneration packages for all recruitment consultants, carefully monitor monthly results, and drive the business forward, from a standing start.
We ensured that the business was well managed and built an excellent reputation for itself. With our support, the company thrived during the recovery.
With detailed planning we were able to restructure the company so that the shareholders were able to realise over £0.5 million in cash by selling a minority interest in the business.
Imaginative tax planning ensured minimal liability for the resulting Capital Gains.