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ALL THE LATEST NEWS, VIEWS AND STORIES FROM AROUND YOUR LOCAL AREA:JUNE/JULY


LAMONT PRIDMORE OFFERS TO HELP BUSINESS OWNERS WITH ‘BEST NEXT PROFIT IMPROVEMENT DECISION’


One of Cumbria’s leading accountancy practices, Lamont Pridmore, is calling on businesses to get in contact to see how they can take the next step towards improving their profits.


The firm, which has eight offices across the region, has a long history of helping with profit improvement and recently coached 55 local businesses over a nine-month period to increase their performance – resulting in an additional £1.1 million of net profits for the firms that took part.


According to the profit experts at Lamont Pridmore, businesses should start by benchmarking their performance against the best in their industry in order to identify where they can make more money.


Graham Lamont, Chief Executive at Lamont Pridmore, said: “Whether owners are looking to improve cashflow or increase profitability to help fund the next big step in their business, it is important to compare their operations to those of their competitors to learn where they can improve.


“This is not just about matching other firms in their industry but going one step further, so as to provide a superior service to the customer or cut costs within their own company.”


Looking at historical data, working with Lamont Pridmore has typically helped clients who use its profit improvement services to increase net profits by up to 40%.


They do this by: • Building a stronger economic model • Creating five key performance indicators to monitor progress • Developing pricing and price differentiation models • Developing 25 moments of truth which drive a business • Implementing nine steps to success • Creating action plans and milestones along the way


Les Walker, Managing Director at Lamont Pridmore’s Workington Office, said: “Many businesses don’t realise that their accountant has the skills and experience to help them improve their performance, profitability and cash flow.


“An increase in profits could then be used to reinvest in a business to help it to grow, to buy or replace vital capital equipment to improve efficiency or to repay bank borrowing ensuring it is more viable.


“You may like to extract your profits for your own purposes for that well-deserved holiday, the car you have always dreamed of, to build up your pension or investment portfolio or for that very important personal luxury that you’ve always wanted but it is important that you do this in a tax-efficient manner to maximise the benefit to you.”


Further information about Lamont Pridmore is available by telephoning 01900 659 55 or emailing info@lamontpridmore.co.uk


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Join us in the Gallery on Saturday 30th June, to meet Clare Wright, as she unveils her latest collection of unique contemporary art.


Clare’s work demonstrates her flair for contemporary colour, texture and diverse materials; liquid glass, metals and Swarovski crystals. Now with a flourishing business and celebrity clients the thrill and passion for her work is ever-growing.


Clare will be available from 12 noon-3.00pm Refreshments will be served.


Please contact the Gallery for further details and to reserve artwork.


Clare Wright Meet The Artist


Saturday 30th June 12 noon-3.00pm


12 Lake Road, Keswick CA12 5BX t: 017687 72443 | e: info@treebybolton.co.uk www.treebybolton.co.uk


ISSUE 426 | 23 JUNE 2018 | 29


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