Hello everyone. I hope someone can help with this query.
I have a client who is currently using a freelance mentor/advisor/consultant. My client has told me that the advisor has suggested that he check on his competitors' performance by looking at their accounts filed at Companies House, usually abbreviated accounts. The advisor says that my client should be able to deduce his competitors' turnover from these abbreviated accounts / balance sheet. The advisor has inferred that he has a method or formula to deduce this. [Inferred but not demonstrated.] I am not sure if I or my client has misunderstood as he tends to rate business performance by turnover or the P&L sheet alone.
Have I got hold of the wrong end of the stick? Does anybody know of a formula to ascertain turnover from the abbreviated accounts filed at Companies House?
Many thanks, Janet
Turnover is vanity - profit is sanity!
|