helping destination, convenience and forecourt retailers be smarter and more profitable
Our Client Trading Partners
Are you ready to Retail in 2025
Commercial circumstances are changing - Min rates of pay are increasing again in 2025 - this will inevitably lead to ripple requests across the team. Statutory sick pay is increasing to 10 days against a backdrop of auto pension enrolment. Legislation governing the sale of Vapes is inevitable. The increase in costs linked to store redevelopment is likely to remain for the foreseeable future.
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These are commercial circumstances - Whitethorn Retail will ensure that together we navigate those circumstances whilst ensuring the appropriate delivery of EBITDAR.
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Whitethorn will ensure that your business is on the correct Financial Flightpath.
Services
Whitethorn Retail offer a comprehensive suite of services to retailers
Complete Back Office
All of your bookkeeping requirements are managed by a fully qualified Retail Accoutant. We retrieve electronic invoices from your trading partners, and the paper trail of invoices - you send to us every week - Whitethorn look after it all.
Roster Management
Whitethorn Retail can support you in ensuring that your roster is aligned to the needs of the business that supports it - all the while ensuring that your department and store wage ratios are aligned to industry norms. Knowing what your wage ratio is is one thing, knowing what it should be is an entirely different matter.
Management Accounts
The Whitethorn Business Management team are all fully qualified Accountants - perhaps more importantly they are Retail Accountants - management accounts are prepared and interpreted on a schedule that works for you and your business.
Banking Partner & Trading Partner Business Case Preparation
Progressive retailers have store redevelopment programs - ensuring that their business is relevant, and resonating with customer needs and expectations. These plans must also consider financial planning to ensure that any investment is sensible and yielding an appropriate return. If you need support in building the business case for a loan, Whitethorn can help.
Payroll Bureau
Whitethorn can manage all of your store's payroll requirements - this will include your P30 submission and EFT Transfer of payroll to employee accounts. Whitethorn will also manage the payslip transfer to your employees.
Business Intelligence
The Whitethorn DBI (Dynamic Business Intelligence) is sent to stores weekly - this allows a review of all primary measures to ensure that they are aligned to the store's financial flightpath - Sales, Scan Margin, Waste, Reductions, Wage Costs, Wage Ratio and Indicative EBITDAR.