Expenses

[Jonny69]

Thanks Alec, that's good stuff to look at. Useful info.

Timon

 

Roughly what are your percentages?

 

I have just got my year end June 2015 back and I am at about 25% costs before capital allowances. No idea how this compares to other businesses.

[skyhuck]

Roughly what are your percentages?

 

I have just got my year end June 2015 back and I am at about 25% costs before capital allowances. No idea how this compares to other businesses.

 

So 75% of your turnover is profit??

 

If so you are running a very tight ship!!, IMO, wish I could manage that!!!

[Jonny69]

So 75% of your turnover is profit??

 

If so you are running a very tight ship!!, IMO, wish I could manage that!!!

 

Not quite,

 

That is before asset depreciation.

 

However you are right, very efficient. I have very low staff costs and lots of machinery (in comparison to my turnover). Also I work like a dog to keep up, however that will be changing as I near 30 so will lose some of that efficiency.

 

I am interested in other peoples percentages though????

[Mick Dempsey]

Yeah, after 30 the maintence of your bath chair and ear trumpet will eat away at your profits.

[aspenarb]

Yeah, after 30 the maintence of your bath chair and ear trumpet will eat away at your profits.

 

[TIMON]

Best we've done is 60%. I'm hoping we will improve this year as we shouldn't need to buy so much kit this year. Perhaps be a bit stricter with the guys (and myself) about looking after their PPE. Like Stephen says.... Look after the pennies. It's such an obvious simple statement but so true.

[skyhuck]

"Looking after the pennies" is OK, but you have to "speculate to accumulate", if I had simply looked after the pennies I would still be running a transit and tow behind.

[Richard 1234]

Best we've done is 60%. I'm hoping we will improve this year as we shouldn't need to buy so much kit this year. Perhaps be a bit stricter with the guys (and myself) about looking after their PPE. Like Stephen says.... Look after the pennies. It's such an obvious simple statement but so true.

 

 

60% profit is good isn't it?

[TIMON]

"Looking after the pennies" is OK, but you have to "speculate to accumulate", if I had simply looked after the pennies I would still be running a transit and tow behind.

 

 

Which is also true. Last two years were expensive for kit and the mog had new tyres and a clutch kit. Hopefully we will reap the rewards this year.

[skyhuck]

60% profit is good isn't it?

 

Yes!!!