Darran Smith, a seasoned entrepreneur renowned for his success in establishing and selling comprehensive cleaning solutions, spearheads the thriving enterprises of Purple Rhino Contract Cleaning (PRCC) and Purple Rhino SoftWash Systems (PRSS) in the UK. Our association with Darran began in 2014, sparked by an encounter at a marketing event. Recognising our proficiency, Darran entrusted us with his brands’ financial strategies, marking the commencement of a partnership that yielded immediate savings of £78K in corporation tax. This success served as the foundation for an ongoing collaboration centred on optimising cash flow, implementing tax efficiencies, and fostering overall financial success.
Collaborating closely with Darran and his financial director, Teodora Smith, we embarked on a transformative financial journey. Introducing the dynamic capabilities of a cloud-based accounting system (Xero.com) revolutionised their operations. This innovative tool empowered the sales team with digital quoting and sales utilities, facilitated efficient management of suppliers, streamlined vital invoice financing through prompt bank reconciliation, and revolutionised online payroll management. Our quarterly management accounts, delivered remotely, encompassed pivotal insights like profit and loss, balance sheets, revenue analyses, and tax planning strategies, equipping Darran with the information needed for strategic decision-making.
Our partnership with Darran’s brands was not without its share of challenges, each met with innovative solutions:
Our enduring partnership with Darran Smith’s brands produced remarkable results:
Darran Smith’s brands epitomise the spirit of small business innovation. Our privilege to be part of their transformative journey underscores our dedication to driving financial excellence for small businesses, nurturing their sustained growth.