The Praxis Partnership : Partnering Business Growth & Development
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Case Studies (Continued)
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Larger Limited Company
MP Ltd is a medium sized client, with a national client base, operating in a extremely specialist area
of their chosen market. They undertake multi million pound contracts, on behalf of Government Departments, and blue chip companies.
the early stages of the company's growth, they were in the process of preparing a tender for one such client, and, having completed
the tender, they asked for a second opinion on the numbers involved. Having reviewed the tender, in some detail, it became apparent
that the clients had under charged, on a number of items within it. It was clear that the market place would stand an increase, with
no detriment to the client's chances of securing the contract.
Revisions were suggested to the existing numbers, and these were
incorporated into the tender. The tender was accepted, as it stood, resulting in an additional £128,000 of profit, over and above
that which the clients had, originally, intended on submitting.
It is this degree of business acumen that sets us apart from
most of the other accountancy firms around today. Our knowledge and experience of business in the 'real world' puts us in a unique
position to partner our clients in any aspect of their business they so chose.
Our first batch of case studies cover a number of ways we have helped our smaller clients, however, our experience goes
way beyond the limitations of statutory account, taxation and the smaller business.
'Praxis' is defined as; "The application
of knowledge and skills" and; "The practice and practical side of a profesion, or field of study, as opposed to the theory".
experience is, therefore, much more hands on, including the undertaking of short term, 'Financial Director' type roles, the implementation
of company wide systems and processes, and involvement in the preparation of detailed documents and reports, including business
plans and tenders for major contracts. The next case study gives an example of the potential benefits of the latter.