Cost Reduction Service | Accountants, Tax and Business Advisers in Cumbria and Carlisle

Reducing your overheads is one of the ways to increase your profits. However, this in itself can prove costly in terms of both time and money which could be put to better use elsewhere in the business, particularly in the current economic climate.

This is where Lamont Pridmore’s Cost Reduction Service can help. By taking a totally independent, objective view of your company, we can identify significant cost savings in areas often overlooked by busy business owners.

How does the Cost Reduction Service work?

At Lamont Pridmore, we understand that it can be hard to keep track of how much you spend in each area. We work with you as an impartial advisor, assessing your existing contracts, agreements and processes to identify where savings can be made.

This might be in a specific area or across the whole business, depending on your requirements.

We will obtain quotes from your existing suppliers and identify other potential suppliers who can deliver the same or better products or services at a lower price.

Areas in which we can help you make savings include:

Utility services (including electricity, gas and water)
Communications (including postage, telephone,
mobiles and internet)
Stationery, printing and ink cartridges
Insurance
Financial & leasing charges and interest
Transport and courier services
Cleaning materials and services
Waste management

We are independent, which means that you can be sure that we are working in your best interests at all times. Our sole aim is to help you to increase your profits whilst maintaining the same quality of supply.

What sectors does this service cover?

The Lamont Pridmore Cost Reduction Service can be applied to any business in any sector. If your business pays suppliers for goods or services then there will always be ways to reduce your costs in these areas. We understand that no two clients are the same, so we offer a service tailored to meet your specific requirements.

How is this service charged?

Our initial cost saving report is free and will identify the savings you could make based upon our investigation of your cost base. We would then agree a fee with you to implement the cost savings that we have identified and the service is designed to be completely self-funding, with the savings we find always leading to an increase in your net profits.

The amount you can expect to save through this service will depend on how much you are currently spending. In some cases, we can save you up to 50% per cent, depending on the product or service – the bigger your overhead spend, the better the results.