ABN Consultancy (Norfolk) Ltd

Business Name:  ABN Consultancy (Norfolk) Ltd

Support Received:  Start Up Loan and Start & Grow

Location:  Sheringham, Norfolk

Website:  www.abnconsultancy.com


Business owner, Stefan Battrick-Newall, from Sheringham in Norfolk, launched ABN Consultancy (Norfolk) Ltd in April 2016. The business was founded with the aim of providing financial department services and performance reporting to local businesses.

 What does your business offer?

I am a Certified Chartered Accountant and, after realising the accountancy industry was not for me, I started his own practice with a view to providing clients with a service and level of information that would make a difference.  ABN Consultancy offers businesses the chance to receive financial management and performance reviews, without the associated costs that come with employing an internal team. The impact for clients has been instant and ABN Consultancy is already looking to expand on the back of this success.

 

Business owners can focus on growing the business, without having to worry about whether a bill has been paid or losing time chasing in debts. We do everything for them and by doing so are able to analyse all aspects of business performance.  Our service allows local businesses to function like larger companies, without the costs or issues associated with employing a team. Our biggest impact is that we allow all levels of staff to focus on what it is they do best, rather than being bogged down by financial issues.

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“The loan was the difference between me being able to start my own business and not. Without it, I would not have been able to afford the start-up equipment and initial office costs. So without the loan there would be no business.”

Tell us about the highlights and rewards of being your own boss?

Gaining my first few customers was a huge stepping stone.  I remain true to my ethos of only taking on a limited number of clients to ensure I do not compromise on the service I provide. My customers are already seeing the value of the service. Now that the customers can see detailed, accurate and timely information relating to the financial performance of their business, they are able to make more accurate and effective decisions. We are looking to start tracking the impact we are having on customers, which could be as high as 7 figures by the end of year.

This has been one of the many highlights of starting my own business.

There is a sense of purpose that comes with making a difference to businesses, even in finance.  It is good to feel that a form of accountancy can actually help businesses, rather than be an unnecessary cost on the profit and loss account.

What has the impact of support from Nwes been?

I approached enterprise agency Nwes to discuss whether I would be eligible for a Start Up Loan.  Working with Business Advisor, Victoria Williamson, I was able to build a successful loan application, which I believe was essential to my early days as a business owner.

The loan was the difference between me being able to start my own business and not. Without it, I would not have been able to afford the start-up equipment and initial office costs. So without the loan there would be no business.

Having received ten hours of one-to-one support with Victoria, I now plan to take full advantage of a free marketing workshop, also offered by Nwes, and will continue to receive support under the Start & Grow programme.  This will enable me to recruit additional staff to grow my portfolio.

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