As we wrap up another successful tax planning and strategy season, we are excited to share some fascinating insights taken from our reviews of over 250 businesses.  These statistics not only showcase the diversity and success of our client base but also highlight the potential for growth and profitability across various industries.

Key Findings from Our 2024 Business Reviews:

1.      Record-Breaking Turnover –the average turnover across each industry had grown from the prior year and there were some outstanding turnover results achieved both in growth but also in dollar figure.  

2.      Impressive Total Profitability - the reviewed businesses achieved a combined profitability of$114 million!  This remarkable figure demonstrates the resilience and success of our clients in navigating the current economic landscape.

3.      Million-Dollar Club – we are proud to report that 27 businesses in our review surpassed the $1 million profit mark.  This impressive statistic underscores the number of thriving enterprises we have the privilege of serving and offering business advisory to.

4.      Outstanding Individual Profit- the most profitable business in our review achieved an exceptional $6.3million in profit!  This achievement highlights the potential for significant financial success with the right strategies and management.

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These figures represent more than just numbers –they reflect the hard work, innovation, and strategic planning of our clients.  Well done to those clients for the year.  It certainly highlights that there is opportunity in the current market for outstanding growth and profitability to be achieved.  

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We look forward to another big year of helping businesses reach their potential.  In the meantime, here are some more statistics from the reviews in more detail:

Summary of Businesses by Turnover:

Summary of Businesses by Profitability:

Comparison of Averages to Last Year:

Comparison of Industries to Last Year:

In summary, these impressive results across our diverse client base demonstrate the power of effective tax planning and annual strategy planning meetings to drive business success and profitability.

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