Click here to buy now or call 0845 351 9924
Plan Outline
Auditing and Consulting Business Plan
Artemide Auditing & Consulting AG
Company Summary
Artemide AC will be an ongoing company from the sole proprietorship company Sandor Artemide dipl. Wirtschaftsprüfer with the following characteristics:
- The goal will be to continue the activities on a larger personal and organizational basis, still with no debt financing.
- Artemide AC will assume operations of one of the Daten Riffwald-Ennetmoos AG's divisions.
- Between the owners of Daten Riffwald-Ennetmoos and Artemide AC there will be a 25% cross-participation.
- The cooperation between Daten Riffwald-Ennetmoos and Artemide AC is flexible--with the objective to change rapidly if the market demands.
2.1 Company History
The sole proprietorship company "Sandor Artemide dipl. Wirtschaftsprüfer" was founded 8 March 1996. In the first 10-month period, the company generated sales of £50,000.
In the time of general recession, between 1996 and 2000, with a concentrated basis work, the owner created and assured his independent existence. The name Artemide was made known, and he has established a good professional reputation in Luzern.
Before starting his own business, Sandor Artemide acquired extensive professional experience as listed below:
- 5 years ATAG Graff & Altern in Geneva, Switzerland.
- 3 years Ziegfeld in Bern, Switzerland.
- 4 years KUGN in Bienne, Switzerland.
| Past Performance | |||
| 2000 | 2001 | 2002 | |
| Sales | £111,182 | £146,505 | £162,140 |
| Gross Margin | £111,182 | £145,347 | £138,977 |
| Gross Margin % | 100.00% | 99.21% | 85.71% |
| Operating Expenses | £43,430 | £46,325 | £49,221 |
| Collection Period (days) | 27 | 17 | 19 |
| Balance Sheet | |||
| 2000 | 2001 | 2002 | |
| Current Assets | |||
| Cash | £5,211 | £22,583 | £92,651 |
| Accounts Receivable | £8,107 | £5,211 | £11,581 |
| Other Current Assets | £579 | £1,158 | £1,158 |
| Total Current Assets | £13,897 | £28,952 | £105,390 |
| Long-term Assets | |||
| Long-term Assets | £5,211 | £5,211 | £6,948 |
| Accumulated Depreciation | £0 | £0 | £0 |
| Total Long-term Assets | £5,211 | £5,211 | £6,948 |
| Total Assets | £19,108 | £34,163 | £112,338 |
| Current Liabilities | |||
| Accounts Payable | £9,256 | £9,844 | £11,581 |
| Current Borrowing | £4,053 | £1,158 | £2,895 |
| Other Current Liabilities (interest free) | £0 | £0 | £0 |
| Total Current Liabilities | £13,309 | £11,002 | £14,476 |
| Long-term Liabilities | £0 | £0 | £0 |
| Total Liabilities | £13,309 | £11,002 | £14,476 |
| Paid-in Capital | £5,000 | £5,000 | £5,000 |
| Retained Earnings | £799 | £18,161 | £92,862 |
| Earnings | £0 | £0 | £0 |
| Total Capital | £5,799 | £23,161 | £97,862 |
| Total Capital and Liabilities | £19,108 | £34,163 | £112,338 |
| Other Inputs | |||
| Payment Days | 45 | 45 | 45 |
| Sales on Credit | £111,182 | £146,505 | £162,140 |
| Receivables Turnover | 13.71 | 28.11 | 14.00 |
2.2 Company Ownership
Artemide Auditing & Consulting AG will be incorporated in the city of Luzern by Sandor Artemide, who will be the majority owner. Twenty-five percent of the company will be owned by Daten Riffwald-Ennetmoos AG, the parent company.
2.3 Company Locations and Facilities
Artemide AC is established in a separate office from Daten Riffwald-Ennetmoos AG, in Luzern. Secretary and telephone response is assumed by Daten Riffwald-Ennetmoos. In the same building, on the first level, is established ATO Geistesblitz (sale and consulting of SMB software sage-KHK).
The structure is well established and satisfies the needs of both Daten Riffwald-Ennetmoos and Artemide AC. Both companies intend to optimize the office location in the future.