Some of Stocktaking Services Successes
Here is a review of how Stocktaking Services helped a few of their clients. These case studies give you just a flavour of how I help my clients using my investigation skills.
Case Study 1
I was called one day by Debbie Bridgen of Purple Books in Willenhall. She said “I have a pub on my books and there is something wrong with their gross profit. No matter what advice I give the landlord it is still the lowest GP on my books”.
I went to investigate.
What was found:
This pub had two bars with a mixture of free flow and some metered pulls. Oversize glasses were often used to sell lager – which was free flow thus giving away up to 20% of the lager sold. Also 12oz glassware was being used to sell postmix. Again giving away up to 20% of the product.
The metering system was taken out and Debbie phoned me again some months later to say that this particular pub was now the BEST performing pub on her books and the landlord now drives a Jaguar!
Case Study 2
I was called by a pub owner who was a painter and decorator by trade and whose son ran the pub. The caller told me that he was a Commissioner of Taxes and that he recently had had to pay a penalty of over £7000 in VAT and tax because the gross profit of the pub was not right. His normal stock taker was on holiday and could I do a check stock? I went to investigate.
What was found:
The first two stocks were short as usual until I asked the question: “How do you calculate your waste figure then?” Answer: “Well it is so many 2 gallon buckets”. Now this was clearly impossible, as there were only 2 and 1/2 gallon buckets on site (stainless steel). Therefore, this client had been understating his waste by 20% for years and thus the tax penalty. His waste book did not have the correct figures in it.
Case Study 3
I inherited the stocktaking at a local leisure centre and looking back found that the results were terrible – month on month. I, once again, investigated.
What was found:
A sales analysis showed that the largest selling items were postmix minerals and that these were consistently short. Staff were not allowed to drink postmix – only allowed water or tea. Therefore, the mixing ratio of the postmix machine was suspect. The supplier was called to re-brix the machine. After adjustment of the postmix machine the stocks came in with the proper surplus results for that kind of establishment.
