Case Studies
At Evans & Co, we believe in the power of real-life examples to demonstrate the value and effectiveness of our services. Our case studies showcase how we've helped businesses in the hospitality industry overcome challenges, optimize their financial processes, and achieve remarkable growth. By sharing these success stories, we aim to provide you with a deeper understanding of our approach and the tangible results we deliver. Explore our case studies to see how partnering with Evans & Co can make a significant impact on your business.
Iain - Owner Ma Pubs Group Limited
"I was looking for an accountant that was more than just filing tax returns. We're an independent business so we don't have a finance office or an FD - everything is really just me. I needed to have a framework so that if we were to open more sites, it wasn't just about me."
Lucas - Owner Queens Wine Bar & Bistro
"I was lost in piles of receipts and trying to do everything myself. Gareth's background in hospitality meant he totally understood where I was coming from, and that created an easy relationship because we were kind of talking the same language"
Ben - Owner Beak Fried Chicken
"The main reason why we work with Evans & Co is because of Gareth's background as a chef and in hospitality. He has an excellent knowledge of this industry and sees it from our point of view - not just an accountants point of view - but as a chef working in a restaurant."
The Problem: The Constraints of DIY Bookkeeping
Hospitality business owners often don’t have the luxury of time. Running a restaurant or café is demanding, and financial management frequently falls to the bottom of the priority list. Many owners try to manage their own bookkeeping, leading to subpar results. We encountered this with Villa Romana in 2023. They were handling the books themselves, and it wasn't going well. Despite recognising the problem, they were hesitant about our fees, focusing on cost rather than value.
The Solution: Cost- benefit Analysis and Professional Financial Management
We understand the concerns around cost, which is why we conducted a cost-benefit analysis for Villa Romana. We compared the time they spent on bookkeeping multiplied by their hourly rate against our fees. The analysis showed that our fees were comparable to their own wages, providing them with professional, accurate financial management for a similar cost. They were more than happy to sign off once they saw the value proposition. It’s also worth noting, that we’re insured for errors or mistakes in the bookkeeping work that we carry out, whereas business owners are not– we take on the risk.
By letting us handle the bookkeeping, they saved time and improved their financial accuracy, allowing them to focus on delivering excellent food and service. Additionally, once we took over their accounts, we discovered £20,000 in unclaimed VAT and £5,000 from unclaimed Employment Allowance, reducing their employer's NI bill. Overall, we saved them £25,000 in tax.