Our customers are predominantly small or medium sized businesses based in the Midlands.
We have experience with working in the following business sectors
Industrial and Technical – electronic production equipment, injection moulding, bespoke handling equipment, valve reconditioning, steel profiling, marquee hire
Services – marketing agency, web development, staffing agency, health club, physiotherapy clinic, day spa.
Property – industrial and domestic property rental
Rare Consulting are a research technology company based in London who have recently diversified from their core business by developing their own market research software. As the investment in this diversification progressed, the owners realised that they needed greater clarity of their financial position and contacted us following a recommendation.
JRMA now provide a fully outsourced accountancy service for Rare Consulting. Jo and Harry provide bookkeeping services utilising Sage, prepare the payroll and VAT returns. Judith has introduced a budget and a monthly management accounts pack and attends their board meetings. Jo has also setup a cashflow forecast for the Rare team to update and follow, so that they can easily see the impact of their decision making.
Despite the physical distance between Rare and JRMA, the relationship works well as both parties are keen to embrace technology to enable the transfer of information, and also importantly because there is a good rapport between the two businesses.
Handling Concepts designs and manufactures bespoke handling equipment for a wide range of industrial applications. They operate from their premises in Bromsgrove, Worcestershire.
In 2018, both the owner-founder and the finance director were preparing for retirement, and the business was sold in a management buyout (MBO). Initially, Judith became involved in preparing forecasts to support the MBO and then by introducing a comprehensive budget and creating detailed management accounts reports. Jo helped the new management team introduce improved systems of job costings by implementing Sage Projects to enable greater clarity of profitability and also helped them to create a rolling 13 week cashflow forecast in Excel.
On an ongoing basis, Judith now prepares monthly management accounts and attends finance meetings to present and discuss the results. We also provide ad-hoc assistance to their in-house bookkeeper.
Bromsgrove Community Leisure
Bromsgrove Community Leisure are the operators of Altered Images Fitness Club in Bromsgrove. JRMA have had a very long-standing relationship with this business, initially working with the organisation in their premises and latterly, providing a fully outsourced bookkeeping service from our own premises.
Blundell Production Equipment
Blundell Production Equipment, based in Coventry, supplies electronic production machinery to the printed circuit board assembly industry. In 2017, the business was sold as a retirement sale to investors who required in depth weekly reporting. The investors engaged our services initially to provide some training on Sage 50 to the in-house accounts team. This work soon developed, and now Judith provides an outsourced Finance Director service, working alongside the in-house accounts team to provide weekly cashflow forecasts, KPIs, VAT, EC sales lists, budget preparation and a detailed monthly management accounts pack. She works closely with the MD, participates in the weekly update calls to the investors and attend the board meetings.
South Wales Industrial Valve Services
When this business changed hands, the new owners identified out of date financial reporting methods and engaged the services of JRMA to modernise the systems and introduce more detailed monthly reporting. As the company is based in Swansea, the original plan was for us to setup the systems then look for a more local firm of accountants who could take over the work on a long-term basis. However, it became obvious that there was an existing member of staff who had the potential, but not yet the skills or experience, to take over the work herself, and so the brief changed from one of set up and hand over, to one of set up, hand over, train, coach, mentor and monitor.
Judith started off developing much more extensive use of Sage to replace some manual methods, and Jo got to work with Sage Report Designer to ensure that they had the reporting output in the format that they needed. And then Judith has worked to develop the Accounts Assistant into an experienced Finance Manager who now runs the finance department, prepares weekly cashflows, monthly accounts, and annual budgets. A great success story!