TILE & FLOOR

TILE & FLOOR

Case study

Tile & Floor

Established 45 years ago in Bath, Tile & Floor sources classically crafted and contemporary floor and wall coverings from artisans around the world. Working with retail clients, as well as construction companies, developers, architects and interior designers, today’s thriving business creates flooring and bathroom solutions for a wide range of residential and commercial projects in Bath, London, the South West and Home Counties.

Simon Wainewright cropped

Director Simon Wainewright

"We now have access to every aspect of the financial expertise we need as a growing business; RS really does offer a great service”


Simon Wainewright, Director

The Challenge

  • Tile & Floor had seen four-fold growth in 5 years.
  • This brought operational challenges and the directors’ sights were set on further expansion.
  • To shape for growth and execute the planned strategy, they needed a wider breadth of financial expertise and support.
  • They also needed to fully utilise the combined power of their client management tool, WorkflowMax and accounting software Xero.
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“A strategic review highlighted the exciting markets we were part of – we wanted to capitalise further on these but needed the right level of support to do it.”

Simon Wainewright

Director

The Solution

  • A review of the systems and processes by RS provides streamlined financial control and consistent management reporting to help the business cashflow and operational efficiency.
  • Regular reviews of business performance inform strategic decision making.
  • Funding for working capital and expansion was secured with RS’s guidance.
  • Payroll management was outsourced to RS, saving the management team essential time.
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“RS’s considered, logical approach to financial systems and strategic advice is helping us to develop and strengthen our business.”

Simon Wainewright

Director

The Results

Working in collaboration with RS over the challenging period of lockdown, the management team now has full control of their systems and are able to drive sustainable, planned growth. The business has taken on additional warehouse space, bolstered their design and operational teams with key recruits and is now poised to launch their new ecommerce platform.


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“Debbie and her team are our virtual finance team – they’re always on hand to help us find the right answer and are a great bunch!”

Simon Wainewright

Director

1, Mile End,

London Road,

Bath,

BA1 6PT

Email: bath@tileandfloor.co.uk

(t) 01225 310561

Website: https://www.tileandfloor.co.uk

TF