Professional Stocktaking Services
Express Stocktake provides stocktaking and stock valuation services for businesses of any type and size – large or small. In fact, if your business holds stock – we can help you.
Types of business include:
Post Offices
Pet Shops
Fashion Retailers
Stationers
DIY Stores
Pound Shops
Gift Shops
Card Shops
Newsagents
Service Station Forecourts
Off Licences
Supermarkets
General Stores
Spare Parts
Delivery Checks
Tailor Made Stocktaking Service
Every business has unique needs and a distinctive way of working, which is why tailored and flexible services are essential. Our services can be split into two sub-categories; Inventory Services, in which the amount and condition of stock is recorded, and Business Transfers in which the transfer of ownership is assisted. Detailed information about each of these services is provided below.
Expert Inventory Reconciliation Services:
For many businesses stocktakes are essential for detecting losses and ensuring the security of cash flow and profitability. However, when a business performs the stocktake in-house, it can become counterproductive, time consuming and more disruptive. Hiring an independent stocktaking company like Express Stocktake will ensure that stocktake is performed with optimum efficiency to avoid unnecessary disruption.
We arrange for one of our inventory specialists to visit customer premises for initial evaluation. This is to asses and fully understand customer requirements so that we can offer a well planned and managed stocktake. This approach is highly praised by our customers as a well planned and efficient stocktake will save customer time and money.
The most common format of an inventory is to list the name of the item and the amount of goods. Reports are available in the format of your choice and can be expanded to include additional information such as location, description, price and condition.
Business Transfer Specialists: In a transfer of ownership, it is common practice for Express Stocktakers to act on behalf of both the vendor and purchaser to give an independent, fair and unbiased valuation of the stock. We use the latest systems to provide a comprehensive, accurate and swift valuation. Plus, with our flexible stocktaking services, there is minimal disruption to the client’s normal trading.
The stock taking process is performed by counting all of the stock (owned or invoiced by the client) at the retail price. This is performed by our fully trained and qualified stocktakers. The results are organised, then used to calculate the VAT and trade recognised margins to arrive at a cost figure. This type of stocktake can highlight many issues, including out of date items, loss making areas and theft.
Accurate Results
Accuracy is of the utmost importance in a transfer of ownership, as the figure determined by the individual valuing the stock is entered on to the valuation certificate – a legally binding agreement that is signed by the vendor and purchaser. The figure stated on the certificate is the amount to be paid by the purchaser. Hiring an independent and established firm like Express Stocktake provides both parties with reassurance and peace of mind that the figure is precise and fair.
How and When?
- Depending on customer requirements, stocktake can be carried out manually with a calculator or electronically with scanners.
- The question of when to perform a stocktake is an important one and depends on the client’s requirements. It is necessary to undertake stocktake at least once a year, but they can be performed more frequently if necessary. The most common time frames are: monthly, quarterly, half-yearly and annually.
