2018 off to a busy start – stocktaking update from Paul Hunt of Hunt Management Solutions
A busy stocktaking year ahead
I’m delighted to say that 2018 has got off to a great start with a busy month of stocktakes across the south west of England.
While there has been the usual month end work & monthly stocktakes, January also sees an increase in the quarterly work & year end stocktaking – many clients have the 30th December as their financial year end and so require end of year valuation certificates.
Changing times
While it continues to be a difficult trading time for pubs and the hospitality trade, I’m pleased to have gained two new clients this month.
Also a sign of the times, is that some of our new business has been won from clients whose current stocktaker is retiring.
Continuity of stocktaking service
In a profession that relies upon on expertise built on knowledge and first-hand industry experience, turnover due to retirement is to be expected.
As continuity of stocktaking services is so important to businesses in the licensed trade, Hunt Management Solutions offers a seamless stocktaking transfer service to new clients… so that their management reporting is uninterrupted and consistent.
Please get in touch to find out more.
1st April year end looms & over Easter!
The next big time for stocktakers is the 1st April with the financial year ends.
If you have not booked your end of year stocktaking date, then it time to get it done as soon as possible, particularly as this year it falls over the Easter Weekend.
Please get in touch to find out more about our Year-End services.
Stocktaking tip: spring clean & rotation
Now is great time to spring clean your stock offering by checking the dates on your stock. Often over the busy Christmas & New Year period stock rotation gets overlooked because it’s such a busy period.
Also have a conversation have with your stocktaker to find out what stock is and is not selling. For example, your stocktaker will be able to give you thoughts on what low selling stock you need to promote to reduce/remove your stock holding.
Stocktaking tip: price increases
While, I don’t wish to finish on a negative… it’s also that time of year that the Breweries start to bring in price increases! So this is a good time to seek advice from your stocktaker on what the impact is going to have on your margins and what adjustments you should be making.
Paul Hunt
Hunt Management Solutions
07917 176 005