What do the FRS 102 changes mean for retail businesses?
On 27 March 2024, the Financial Reporting Council (FRC) announced significant changes to FRS 102 to align more closely with international standards. These updates will...
Retail
Equipped with cautious optimism for the future, retailers are focusing on making a steady recovery. We understand the issues facing the retail sector and can work with you to help you reach your goals.
A sector with £421 billion worth of UK sales in 2021 and 1/3 of consumer spending taking place, retail is one of the most important industries in our economy.
We can provide specialist accountancy, tax, and business advice to enable the growth of your firm, whether regional, national, or international.
In addition to the traditional accounting services, we have specialists in many areas which combine to provide a complete, integrated business offering.
Our experts can provide:
- audit and accounting services
- tax and group structure solutions
- advice on mergers and acquisitions
- financial modelling
- guidance on different types of funding including, private equity funding and lending
- management buy-outs and buy-ins
- creating a strategic plan
- outsourcing services – from bookkeeping and payroll to a fully outsourced finance function
- adaptable and tailored support regarding employment and pensions
Whether you’re trading as a small, medium, or large retail firm, we can support you through all financial and compliance matters – and advise you on growing your firm profitably.
The Price Bailey difference
We understand that every retail firm is different, which is why we offer a free initial meeting to discuss your current situation and challenges. This way we can provide the right service for you, tailored to help your business succeed.
Our intention is to also build the trust that you will not be charged each time you pick up the phone to us. We provide free telephone advice for minor queries and operate a system called contact time to ensure we are spending enough time with you.
We can help
Contact us today to find out more about how we can help you
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