The Problems & Frustrations
Ace Marquetry was founded in 1986 by the Englefields. The business is now owned and managed by the ‘millennial generation’ of the family. Having grown up in the new technical savvy world, the business owners required up to date live financial information to be available for them at anytime.
Whilst the business is very niche and traditional it faces the same issues may small businesses face. The directors felt it was crucial to get a grasp of the financial picture to grow the business in the 21st century. Not being financially trained themselves they wanted the confidence of knowing their financial picture was accurate and up to date at all times. Furthermore, they wanted to look forward and project how the business would develop over the next trading year.