Thresher Group Appoints Franaccounts as “Recommended Accountants”

Horsham, West Sussex, United Kingdom, July 05, 2006 --( Thresher Group, the UK’s leading independent drinks retailer, has identified several hundred profitable branches as suitable for franchise.

For this structural change, Thresher Group will be offering the services of Franaccounts to all new franchisees with the transition of company owned stores to successful functioning franchise businesses.

Alex King, Business Development Manager of Franaccounts
“This is an amazing opportunity for the current Branch Managers to take a stake hold in the stores under their current management, this is a large challenge for Threshers Group and we are extremely pleased to be selected in helping with the transition, we are looking forward to supporting all the new franchisees.”

Franaccounts, who specialises in providing accounting services to the franchise industry, will be providing all the services required for the franchisees to get their business up and running. This includes registering with the appropriate government agencies (Companies House, Custom and Excise, and Inland Revenue) and full accounting services such as bookkeeping, payroll and management accounts.

King adds, “Due to what we call ‘Economies of Knowledge’, i.e. having more of one franchise, we can provide a far superior understanding of the franchisees business than your average accountant and become an extremely important advisor to the Thresher franchisees.”

Threshers Group will be likely offering this franchise opportunity to the wider market in the summer.

One of the first franchisees Jeanette Hughes has appointed Franaccounts as her accountant –“Franaccounts has advised us on all areas of investing in the franchise, they have been very professional and helpful in assisting me in getting ready for trading. Without Franaccounts I feel it would not of been such smooth journey without their help and they have been very up front on what I need to do.”


Notes to Editors
Franaccounts specialises in providing nationwide accounting services to franchisors and franchisees. They are Affiliate members of the British Franchise Association, and are part of ALB Accountancy Ltd.

Thresher Group is the UK's leading independent specialist drinks retailer. The Group owns around 2,000 shops and employs over 12,000 people across the country. More than half the UK's population live within 10 minutes walk of a Thresher Group store. Thresher Group is wholly owned by Terra Firma, the European private equity firm, who acquired the business, then, known as First Quench, in 2000.

For further information, please contact our Thresher Development Team – Alex King 01403 255788
Alex King
01403 255788