| WILL I NEED A STOCKTAKE AND VALUATION WHEN I BUY OR SELL A BUSINESS ? |
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The other party buyer or seller may have a guess at the stock value but is this good enough for you ? We attend the facility ,count the stock, calculate a cost and then issue a certificate of stotake valuation, This all done on the day we attend, the certificate then facilitates the transfer of funds between parties.
DO I NEED TO ENGAGE MY OWN STOCKTAKER?
This is not neccessary as in most cases we act for both vendor and purchaser,usually the stocktake fee is then shared equally by them.
The independent and un-biased nature of the stocktaking team makes certain that the result is fair to both parties.
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| DO I REALLY NEED TO CARRY OUT A FINANCIAL YEAR END STOCKTAKE / VALUATION ? |
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We would always advise that if you provide your accountant with accurate up to date stocktake information he can insure that you are not paying more tax than you should.
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| HOW MUCH BOOKING NOTICE SHOULD I GIVE ? |
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As with most things in life the longer the better, if it for a transfer of ownership we can allways accept a provisional booking, we fully understand that often there are last minute hitches with the legal side.
An early booking helps us with our work schedules.
free phone 0800 026 720 FOR DETAILS
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| HOW LONG WILL IT TAKE? |
| We always provide a team large enogh to complete the contract on the day, each and every stocktake is on the basis of "job and finish " so it takes as long as needed and is only finished when all parties are satisfied |
| WHAT INFORMATION WILL I GET? |
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We provide each client with a detailed breakdown by product group showing the cost value of each department.
This can be a little as 8 or as many as 60 depending on the business and the clients requests. This is presented as a STATEMENT OF STOCK which is invariably accepted by accountants, the legal proffession and the customs or inland revenue authorities.
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| HOW MUCH WILL IT COST? |
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It is normal in the industry to arrive at a fee for retail stocktakes based on a percentage of the stock value after vat and the discounts have been deducted
For example a greetings card shop with a stock of say £.65000.00 will take longer to complete than a D.I.Y. shop or a golf shop with the same cost stockholding.
Please contact us so that we can give you a free quotation. free phone 0800 026 720
The exception to the above criteria is with warehouse and industrial contracts where a day rate per operative is s offered.
SPECIAL NOTE: ALL OF OUR CONTRACTS ARE CURRENTLY BEING CARRIED OUT AT THE INVOICE RATE OF 2007 / 08. CHECK NOW FOR THAT COMPETETIVE QUOTATION.
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| DO I HAVE TO CLOSE THE BUSINESS WHILST THE STOCK TAKE IS BEING DONE? |
| No we have methods and proceedures that we can use to ensure that the business can remain open. This avoids upsetting customers and allows the minimum disruption to your operation. |
| DO YOU THINK THAT THE INLAND REVENUE WILL ACCEPT ANY ESTIMATE OF MY STOCK HOLDING ? |
| No, that is probably not in the event of a full scale investigation, certificates from an established proffessional stocktake company are however normally accepted without problems |
| DO I HAVE TO HAVE MY ANNUAL YEAR END ACCOUNTS VALUATION DONE ON THE ACTUAL DAY OF MY YEAR END ? |
| No as you can appreciate there is not enough last or first days of the month to go round. We have a set of protocols which enable us to make a trading adjustment which brings the valuation figure in line with your year end. We do not make a charge for this service,but remember an early booking will give you a better chance of us attending on the prefered day. |
| CAN YOU CARRY OUT THE WORK AT THE WEEKEND OR EVEN BANK HOLIDAYS ? |
| Yes we can ,and please note we do not raise our fee for Weekend or Bank Holiday work. |
| MY NEWS ROUND IS ON A COMPUTER HOW DO WE ACCOUNT FOR THIS? |
| We will accept the figures from the computer for annuals and would not include that value when we calculate your fee. |
| CAN YOU TELL ME WHAT DISCOUNTS YOU WILL BE USING? |
| No - sorry untill we are site this is not possible. When we carry out the stocktake we tend to use the clients marked prices as a guide and for our convienence, at completion we deduct any vat and a discount to arrive at a cost.The discount we use is calculated with the marked prices in mind The example we often quote for this is that a a tray of COLA from the C&C will cost all parties the same but a trader in a competitive area will have a price which is very different to the same product sold in a petrol station on the motorway. |
| IF I AM ABOUT BUY OR SELL A BUSINESS SHOULD WE AGREE THE DISCOUNTS AND INCLUDE THEM IN THE CONTRACT? |
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NEVER, NEVER, EVER,EVER agree this without consultation with your stocktaker . Over the years we have seen discount factors written into contracts that have caused stock to change hands at the WRONG price. Unfortunatly this has often been multiple companies who have imposed this unfair condition on the smaller independent.
BE WARNED! HAVE A WORD WITH YOUR STOCKTAKER FIRST.
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