Sempar were engaged initially by the Directors Ivan and Sue on a traditional basis providing compliance services such as accounts and tax returns.  Sempar were keen to get to know the individuals and the business more deeply and recommended that they join the Directors at a quarterly meeting to review performance.

These meetings enabled discussions beyond the business, the team at Sempar discussed future plans with Ivan and Sue and then surrounding them with proactive tax planning advice and strategic support which over time enabled the sale of other business interest and the gradual and successful succession planning which continues to reap rewards today as the business is now in the stewardship of Ivan and Sue’s children Jordan and India.

Deciding when the right time is to stopping working, selling or just exiting the business is a strategic and emotional decision, Sempar were able to support Ivan and Sue on this, modelling future tax and wealth positions, giving them the confidence to step back and enjoy life.

Over the last 10 years Sempar flexed their support to meet the demands of the business, from offering a fully outsourced finance function to delivering monthly management accounts, VAT and payroll.  This has enabled Jordan and India to focus on business priorities and growth.

Sempar don’t believe in keeping the status quo and once they understood the daily operations and the data requirements of the Directors they started to help create automations and add a layer of innovation to the finance function.  Implementing Xero as a finance hub for management accounts and data, most importantly training the key team on how to access the data created.

Regular tax planning has helped the business retain key cash that its reinvested in its growth, helping buy key equipment, expanding the factory and operations and ultimately leading to new products and greater turnover.  Sempar also focus on the individuals behind the business, using tax planning to help build pensions that can be used later on life.

From long term to short term, from tax planning to payroll Sempar has the skill and enthusiasm to ensure Coopers Gourmet Foods continues to grow and the Directors are rewarded tax efficiently for their success.

Sempar – The Uncommon Accountants