Client of the Month: Euro Floors London Ltd

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Client of the Month: Euro Floors London Ltd

Each month we look at a standout client an ICAEW member has recommended. This month Key Business Accountants explain why they chose Euro Floors London Ltd

Who are Euro Floors London Ltd?

Euro Floors London Ltd supply and install tailored finished superb hardwood flooring. They provide the finest quality product and workmanship at reasonable prices. They represent other companies as their own installers, or subcontract business for developers and designers. Their finishing plant is adept at creating unusual finishes to the flooring as well as copying other suppliers’ products. That means, they can match accessories needed and installations.

Key Business Consultants aid in preparing their year-end accounts, management accounting, organise their payroll and review and file quarterly VAT returns. This enables us to keep an acute eye on the company’s performance and accounts.

More can be found here: https://www.keybusinessconsultants.co.uk/

What are the key challenges in their market?

A rapid urbanization of emerging markets and a rise in new construction and renovation activity, has led to a crowded market full of companies offering the similar products and tough competition, with a high demand from the consumers side. Keeping up with this demand and consumers needs is the most difficult issue Silviu and his team faces. Especially as they must offer products at the affordable price, bearing in mind all the costs incurred.

Nevertheless, they have 25 years of experience in which they have faced the very steep learning curve. They have dealt with all types of suppliers, product designers, import authorities, managing sales and purchase processes, customer care and book keeping.

What are they getting right?

For an increasing number of commercial clients for Euro floors, they choose options that are stylish and hard-wearing choices, unique to themselves. They offer engineered wooden floors that have gained prominence over the last few years owing to favourable characteristics such as cost effectiveness and exclusiveness. Offering staff that are fully trained and endeavour to offer the best, most friendly and professional services in such a diverse industry.

What makes them different?

In general, the quality of cheap imports and lack of home grown products means there is an opportunity to supply high quality hardwood flooring jointly with designers, and that is what Euro Floor is all about; offering high quality products that are difficult to find amongst other competitors. Offering DIY services and products such as laminate, have boosted their sales in past few years.

Their quarterly account reporting has promoted an enhanced internal controls and disclosures. This also enabled the display of information in a timelier manner resulting in a clear vision of the company’s future.

What’s new for 2018?

We have increased our range of Flooring Products to include some superb new colours and sizes. We have introduced LVT (luxury Vinyl click flooring) to give our customers a wider choice of flooring for areas with higher moisture levels. We have successfully launched our window shutters division (trading as EFL shutters). This has enabled us to offer a broader scope of materials and services to our clients.

Photo by Philipp Berndt on Unsplash

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