Thresher Group appoints Franaccounts as "Recommended Accountants"
Posted on: 11/05/2006
Thresher Group, the UK’s leading independent drinks retailer, has identified several hundred profitable branches as suitable for franchise. The first opportunity to discuss these potential franchise stores is being offered to current employees; the expectation is that many Branch Managers will want to find out more.
For this structural change, Thresher Group has appointed BFA Affiliate members, Franaccounts, as the "Recommended Accountant" for the transition of company owned stores to successful functioning franchise businesses.
Alex King, Business Development Manager of Franaccounts
"This is an amazing opportunity for the current Branch Managers to take a stake hold in the stores under their current management, this is a large challenge for Threshers Group and we are extremely pleased to be selected in helping with the transition, we are looking forward to supporting all the new franchisees."
Franaccounts, who specialises in providing accounting services to the franchise industry, will be providing all the services required for the franchisees to get their business up and running. This includes registering with the appropriate government agencies (Companies House, Custom and Excise, and Inland Revenue) and full accounting services such as bookkeeping, payroll and management accounts.
King adds, "Due to what we call 'Economics of Knowledge', i.e. having more of one franchise, we can provide a far superior understanding of the franchisees business than your average accountant and become an extremely important advisor to the franchisor and franchisees."
Threshers Group will be likely offering this franchise opportunity to the wider market in the summer.
Notes to Editors
Franaccounts specialises in providing nationwide accounting services to franchisors and franchisees. They are Affiliate members of the British Franchise Association, and are part of ALB Accountancy Ltd.
Thresher Group is the UK's leading independent specialist drinks retailer. The Group owns around 2,000 shops and employs over 12,000 people across the country. More than half the UK's population live within 10 minutes walk of a Thresher Group store. Thresher Group is wholly owned by Terra Firma, the European private equity firm, who acquired the business, then, known as First Quench, in 2000.
To see how FranchiseUK can help you franchise your franchise business click here.
