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HiProfile Limited, is a small sports car modifier based in Durham, in the north of England. The company specialises in customising high-end vehicles, designed to
HiProfile Limited, is a small sports car modifier based in Durham, in the north of England. The company specialises in customising high-end vehicles, designed to appeal to younger, affluent sports car owners with up-to-the-minute tastes. Customisations include wraps (custom car colours applied as a transfer), changing the magwheels, and increasing the power of the engines. The company has a team of highly skilled craftspeople who use their skills to produce the highest standard of product. The company premises in Durham comprises an office, a retail outlet, a factory, and inbound/outbound stores. The company employs 46 workers; 24 of whom are skilled metal workers, eight are unskilled manual labourers (semi-skilled metal workers, stores people, etc), and the remainder are office/shop staff and managers. In your response, consider our case study company, HiProfile Limited, and identify what you consider to be its three most important user groups of accounting information from the list below: Government Investment analysts Competitors Suppliers Community representatives Managers Employees Lenders Owners Unions In your response, you should State the three groups who will be most interested in what the financial statements contain. Justify your selection and explain what kind of information they would be most interested in. State if you think your answer would differ if the type of organisation were different, for example, if it were a public sector organisation or a not-for-profit organisation
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