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Redmond Fine Foods

Case Study Sector

Established SMEs

Outsourced Finance Function Service Provider.

Redmond Fine Foods procure and market exceptional ingredients and premium food solutions, distributing to culinary professionals and kitchens throughout Ireland. The company has a deep passion for quality, innovation and excellence, so only partners with the best of global and Irish food producers and brands. Recognising the necessity of a dependable and streamlined financial management system, Redmond Fine Foods decided to explore the option of partnering with an external finance service provider. This would enable them to redirect their resources towards core business operations.

Services provided by Fitzgerald Power

Monthly management accounts

One of the key services offered was the preparation of monthly management accounts. These monthly reports allowed for better financial planning and decision-making.

VAT calculation and submissions

Accurate and timely VAT calculations and submissions to avoid penalties.

Weekly payroll runs

Weekly payroll processing, including revenue submissions and payment processing to employees, is managed by Fitzgerald Power.

Outcomes

The collaboration between Fitzgerald Power and Redmond Fine Foods led to numerous benefits, including:

Improved financial efficiency and accuracy.

Enhanced financial reporting, leading to better decision-making.

Cost savings through reduced in-house financial management expenses.

Timely and accurate supplier payments, preserving supplier relationships.

Compliance with tax regulations and payroll requirements.

“”

We’ve been outsourcing our financial management needs with Fitzgerald Power and their services have truly exceeded our expectations. The Fitzgerald Power team handles everything seamlessly, from the preparation of our monthly management accounts to ensuring timely VAT submissions and managing our employee’s weekly payroll runs. Their professionalism and efficiency have allowed us to focus on what we do best while knowing our financial matters are in excellent hands. We highly recommend Fitzgerald Power for their outstanding services and expertise.