Penny Farm Ltd

Red Shoes and Penny Farm have worked together through a number of changes – manual to computerised systems and transitioning from a partnership to a limited company.

Penny Farm

Red Shoes have been there through the difficult times and helped us through this on the way to becoming a successful company. This case study outlines how the two firms have worked together and the benefits of Red Shoes unique approach to providing support with financial issues.

Penny Farm Ltd

Ed and Tanya Peate with their team at Penny Farm Break-In, Pre-Train and Rehabilitate young thoroughbred race horses to prepare them for their Trainers before they go on to the race track.

Nature of the services provided by Red Shoes

Red Shoes provide a tailored range of services to Penny Farm Ltd including management accounts and reports and prepare VAT returns. Vicky spends approximately a half a day a month at the premises to support Tanya and the business.

Why the client came to us and the challenges this helped them solve

Unusually in this instance Red Shoes were recommended to Penny Farm Ltd by another firm of accountants who provided support with annual accounts and corporation tax. Tanya says that Red Shoes helped them at a difficult time in their business when they were experiencing a number of problems. Red Shoes helped us with a number of transitions including from a manual labour intensive system to one which utilised the latest software and made life much easier for us, and with the transition from a partnership to a limited company. Red Shoes have been absolutely fantastic and really helped us through these changes. They have been flexible and responsive and fully met our needs as the business changed. Since that time the business has become much more manageable

How our services helped and the value we added to their company

Penny Farm

Tanya has found that Red Shoes have taken the stress and burden of the finance side of the business away from them so that they can concentrate on what they do best, running the business. Vicky and the team at Red Shoes have been unbelievably supportive and hardworking and what’s more they are very easy to talk to – they put complicated issues into plain language so that I can understand the issues. They have always been very responsive and helpful and I cannot praise them enough.

Why Tanya Peate would recommend Red Shoes to others

Tanya says that there are really no negatives about working with Red Shoes at all. They are very responsive, very hard working and easy to talk to. They are really nice people and explain issues in simple and clear language and then get on with the work without any fuss or protracted correspondence. I cannot praise them highly enough and I would be lost without their services.

If you are interested in finding out more about how we can help you please visit our website or give Victoria Cooper a call on 01353 865368.

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