Ffostrasol Arms Case Study
Ffostrasol Arms Ltd is a homely, traditional pub near Llandysul in rural Ceredigion. As well as a fully licensed bar it offers a daily food menu and caters for events and functions of all sizes.
The owners of the business were looking for an accountancy firm that had relevant experience of working with clients in the licenced trade and also a firm that was local to them. Through a referral the business was introduced to Everett King in 2007 and has engaged them since then.
The Service and Solution
The business was very keen to work with an accountancy firm that had a proven background and track record in the bar trade but one that also had strong links in the local Welsh community. Everett King had both and from the initial engagement to date have worked with Ffostrasol Arms, in particular providing bookwork, payroll, stocktaking and valuations services along with monthly consultancy which provides timely information on how the business is performing.
The advice provided continues to support the business as it progresses and grows and detailed monthly Management Information highlights whether there are any issues or challenges, at an early stage, that need to be considered, actioned and resolved. Regular stocktaking has effectively helped the business identify and minimise any potential losses, certify its stock and overall improve its yields.
“It is nice to know that an accountant who specialises in the pub trade is able to look after my business.”
Working with an accountant that understands our sector was very important and Everett King specialises in the pub trade which is of great benefit to us. Not only are they close to hand and available they have always put our interests first and provide practical advice. We have a strong relationship with the team who are always friendly and helpful. Working with an accountant that can support my business and me personally with the range of services I need is fantastic – everything under the one roof with a team that is always willing to help.
Arthur Davis, Owner, Ffostrasol Arms