OUR CLIENT
Liman Post and Beam of Annandale, Annandale, MN
CLIENT DETAIL
Founded in 1985, Liman Post & Beam has continued to grow in size and reputation as one of the leading post frame construction companies in east central Minnesota. They strive for quality, utility, stability, and great design combined with friendly, knowledgeable, and experienced builders.
SITUATION
Leo Kill, President at Liman Post and Beam and his team are builders at heart and recognized one of their biggest challenges in growing their business was managing it from a financial standpoint.
CRITICAL BUSINESSS ISSUES
As a builder Leo knew how to build a great building but was challenged keeping up with the day-to-day grind of payroll, bookkeeping, costing jobs, sales, income and payroll taxes, and dealing with his bankers and on and on. He knew he needed help but the challenge was finding the right help and managing them.
PRIMARY CAPABILITIES
Leo and his partner came to Bill Campion explained their issues and said “can you help us put a system in place and find a people we can trust to run it and allow us to do what we do best? The bottom line was Liman needed a sharp bookkeeper with skills in job cost accounting, a payroll service, a financial and tax advisor and preparation of monthly financial statements.
WHAT W.A. CAMPION CO PROVIDED
Bill immediately recognized what Leo and his partner needed was a complete accounting department and that while great at their own particular business expertise neither had the knowledge or skills to hire and manage an accounting team. Bill’s firm W.A. Campion Co. had done all those tasks in the past for one client or another but never all of them for the same client. Bill suggested that Liman outsource their entire accounting department to W.A. Campion Co., Bookkeeping, costing, payroll, all taxes and financial reporting and analysis. This would free up Leo and his partner to sell and build.
RESULTS
By outsourcing the accounting department Leo was able focus on providing his customers the precise kind of building they desired. He relied greatly on the financial advice of Bill Campion and his team who helped them manage their debt and cash flow so that during the economic down turn of 2007 and 2008 when many construction companies went out of business Liman made it through clean and came out of the down poised for great growth that they are now achieving.