Case Study: Spinnaker Properties Limited
Accsys Accountants have freed me up to better focus my time and resources on the business,” says property investor and developer John Hawkins.
A chartered surveyor by training, John is a director and shareholder of six businesses specialising in buying, managing and redeveloping commercial property in the south east.
John added: “I ‘ve be en running businesses for nearly 30 years and in that time the company accounts have always been outsourced. I’ve used big accountancy practices and specialist one-man bands, but I have frequently ended up doing a lot of the leg work and have often got bogged down in the administrative side of the business.
“Accsys has a different approach and Will and his team are more like a trusted business partner. They have spent time really getting to know the business and have implemented financial processes that have reduced the administrative burden.
“Accsys also provides valuable insight and strategic advice as well as better, more organised financial systems and planning, which has allowed me to get on with the jobs and projects I’m best at.”
John Hawkins switched to Accsys Accountants 18 months ago. The firm handles all the accounts functions for John’s companies including billing, cash flow management, invoicing and VAT returns.
The online accounting system used by Accsys enables John to see at-a-glance the latest management accounts and financial information.
Accsys also advises him on tax planning and gives strategic guidance on managing multiple businesses.
“The last year has been a real eye-opener,” commented John. “I’ve seen some noticeable benefits as a result of the modern online systems and processes Accsys uses, which enabled me to take on another large project.
“There’s been a significant reduction in duplication, my businesses are more cost efficient, I can quickly access financial data and I have better debt management systems in place.
“Most importantly the improvements that have been implemented allow me to better demonstrate to third-party lenders that I have the financial resources available to invest in, and redevelop, additional properties.
“Will and his team have certainly made running the financial side of my business much easier and reduced the stress.”
Will Wood, director at Accsys, said: “John is a pleasure to work with. He has been so open to change and has fully embraced going digital. Within just a short space of time we implemented an online accounting system Xero, which enabled us to collaborate on his finances more closely.
“We also encouraged him to sign up to online banking, cloud-based file storage and referred him, via Accsys’ Referral Network, to a web designer, who has given his website a facelift.
“John, like many of our clients, has benefitted from a more hands-on, proactive approach, where we take time to understand the issues in the business and then tailor our services to help find solutions to the problems.”