An Opticians, with a formidable 50-year history, was on its knees and literally in the hands of the trustees of bankruptcy. Having been through his fair share of accountants and bookkeepers, the stakes were high and the challenge was real for our client, who stood to lose everything he owned.
He was a man that understood his business but had never found his match with accountants. His dilemma was simple: prove every month that the business was viable, and profitable, or be shut down.
So, we controlled the finances to the penny: solving internal problems, supplier problems, overpayment claims, reworked the VAT for opticians and ensured all the elements were in place.
It was a 5-year deal and, with the client’s eye on retirement, we assisted with the sale of the branches netting close to 3 million and helped service his debts.
Now, he sits in retirement in Cyprus.