Motor repair facilities
Like many sectors, the motor repair industry is facing tough challenges. The number of UK garages fell by a third between 1999 and 2009, but with more than 46 million repairs and services taking place each year, garages that keep their competitive edge sharp are ideally placed to thrive.
To make the most of your motor repair business, it is wise to seek the advice of advisers with expertise in the sector, like HB&O Chartered Accountants and Financial Advisers. We have wide-ranging experience of working with garages and motor repair specialists and understand sector issues, like the challenge of traditionally slim profit margins.
We can help you make sure your business is financially healthy so that you can withstand tough times and identify new business opportunities. We'll can also help you take care of ongoing financial issues, like VAT, accounts, bookkeeping and payroll, so that you have more time to focus on the things that can make a real difference to your business, like customer service and quality workmanship.
Then we'll help you plan for the future and set out the steps you need to take to get to where you want to be. We can advise you on raising finance to expand your business or tax-efficient ways to invest in new technology or equipment that can help you to move to another level and sharpen your competitive edge.
Because we understand that your business and private lives are closely linked, we can also help you plan for financial security in retirement and ensure that your business is in the best possible shape when you sell or pass it on.
To discuss in more detail how our Leamington Spa and Coventry accountants can help your motor repairs business, please contact us.