LONDON, April 28, 2014 /PRNewswire/ --

The recently published 17th Annual Global CEO Survey by PwC (http://www.pwc.com/gx/en/ceo-survey/2014/download.jhtml) records that 'almost three-quarters of UK CEOs intend to implement further cost reductions in the coming year'.

Chris Allison, Managing Director of Auditel, the UK and Ireland's highly-regarded Cost Management Consultancy, says: "Another recent expert survey reported, that the failure rate for cost savings initiatives climbed to 48%, meaning that nearly half of these fail to achieve their goals. So, there are many organisations opting to outsource this vital aspect of cost management.

"For the last two decades, Auditel's team of over 200 skilled professionals have built a reputation as trusted strategic advisors to management teams for over 3,700 medium and large organisations across the UK and Ireland. With specialists in every business cost area and a diverse range of industry sectors, our teams of experts are fully equipped to understand your business and the specific challenges you face.

"Although most organisations home in on energy and telecoms, there are over 100 different overheads which could be on your radar. Here are some revealing examples on savings made by our consultants."

• Contract Cleaning: 33%
• Merchant Cards: 22%
• Stationery/Office Supplies: 34%
• Intruder Alarms: 64%
• Photocopiers: 41%
• Water & Sewerage: 46%
• Food:13%
• Waste: 46%
• Janitorial Supplies: 34%
• Print 37%;
• Clothing: 38%
• Haulage & Freight: 24%.

Although Auditel's client base is focussed mainly on medium and large businesses, they have recognised that small companies also need to manage their costs effectively. The Forum of Private Business recently reported: 'Even though sentiment is generally positive for 2014, research shows that the cost of doing business remains a key concern for minnow companies'.

With this in mind, Auditel are sponsoring a web-based application, Shrift2Thrift, which provides excellent deals on purchasing essential business costs and services for the smaller firms. This is not a price comparison site, with a long list of choices. All the legwork has been done already. Each of the offers comes recommended by experts from Auditel. Allison reveals: "Managers  are appreciating that they can save time and money, not having to hunt around for the best deals."

Farnham Maltings is a multipurpose arts and community centre set in the heart of Farnham in Surrey, attracting more than 350,000 visitors a year. General Manager Chris Maddocks, says: "I see Auditel as another member of my management team … I wouldn't hesitate to recommend Auditel to any business, large or small."

If you too are looking for savings,  to reduce waste and to provide  up-to-the-minute management information, try one of Auditel's Business and Financial Health Checks. They will give you the peace of mind to concentrate on your core business!

About Auditel 

Established in 1994, Auditel  is currently reducing financial waste and improving bottom line profits for thousands of organisations throughout the UK and Ireland. Their clients range from small businesses to global brands such as Pizza Express, YMCA and Oxford University. Auditel's flexible fee structure gives clients' choice and the ability to manage cost and strategy for the long term.

More information: Norman Grossman, PR Officer, Auditel (UK) Ltd, St Paul's Gate, Cross Street, Winchester, SO23 8SZ. T: +44(0)7966-436717.

SOURCE Auditel (UK) Ltd