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Eric and Patricia own the major shares of King Companies, (KCI) . Eric is the chairman of the board of directors and patricia is director
Eric and Patricia own the major shares of King Companies, (KCI) . Eric is the chairman of the board of directors and patricia is director as well as CFO. Eric has approached our company Thornson and Danfort, LLP to conduct an annual audit of the KCI for year ended december 31, 2022. The coompany is anticipating applying a loan and a new private equity investor that has acquired a 20% sharre of KCI. There are around 20 full time staff within KCI. These workers are employed within store management, sales, parts delivery and accounting. About 40% of KCI business is retail walk in business while the remaining 60% is the regular business where KCI delivers goods and collects cash for the sale. Eric and patricia are focussing on additing three to six store in the next few years. Eric ic primarily focussed on growing revenues as it is important to obtain bank financing. Patricia trusts that the company's
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