Every business has some exposure to currency volatility
Even if you only do business in Ireland, you can be affected by currency volatility. You may rely on materials sourced from the UK or further afield, or your Irish suppliers may have UK companies in their supply chain. It is very important to understand your exposure and develop appropriate strategies to manage these risks.
If you are an exporter or goods of services, currency volatility can have a very significant impact on the profitability and viability of your business. An exporter selling goods to the UK in January 2016 received €1,350 for every Stg £1,000. Fast forward 12 months and this had dropped to €1,173, a fall of almost 18 percent. While you may think that exchange rates are outside your control, there are ways that you can limit the impact on your business.
Operating in the border region where the sterling exchange rate affects many local businesses, Amatino has developed specialist expertise in this area. We will assist you with:
- Advice on financial and foreign exchange products
- Brexit strategy development and implementation
- Cost reduction and business efficiency programmes
- Advising on and establishing appropriate business structures
- Taxation advice
- Grant applications for new businesses and/or exporters
For more information, please contact a member of our team.
Paul TobinDirector, Paul Tobin Estates Ltd
Amatino manage our financial year end and company submissions. They ensure that our corporation tax is filed on time and accurately taking the pressure of us. We have found Amatino to be efficient and professional and we would highly recommend them
John WilsonManaging Director, Trinity Nutrition Ltd
Professional, Approachable, Efficient, overall Excellent. I have and will continue to recommend them.
Peter FarrellyManaging Director, Royal Masterpeace Ltd
Amatino manage our accounts and carry out management accounts which allow us to review our current costs in real time. John Kieran’s consultancy and impartial advice has allowed us to streamline costs and overheads in all areas of our operations and review our personal tax liabilities. All of this is provided at what I consider to be a highly competitive rate for the quality of service provided.
Michael LeonardDirector, Leonard Engineering (Ballybay) Ltd
Business Advisory services from Amatino have streamlined our accounts system, we have made considerable cost savings throughout the business while increasing our sales with their business development advice. I would highly recommend them.