Business Advisory

We are not just accountants. Why? Firstly, we are management accountants – meaning we work to develop businesses and move them forward (that means we don’t just do the necessaries at the end of the year). Secondly, each member of our accounting team has real-world business experience – we haven’t just worked in accountancy. In fact, several of our team have run or owned a business. Thirdly, we have a proven track record of developing businesses; of making a real difference to the way a business is run and ultimately the profitability.

We work with our clients in a number of ways to solve often complex business critical issues. Some of the areas in which we help our clients to grow and develop are listed below.

Strategic Development

Your business should have a strategic vision for the future – a clear plan of where you business is moving and how to get there. Financial considerations are critical to your plan. For instance, where are your profit centres and where are your financial ‘leaky buckets’; how will you finance your future developments and how will you measure performance and ultimately success or failure. We can advise on these issues, allowing you to prepare for the future properly – giving your business the best possible chance of long-term successful growth.

Internal Management

Effective internal or operational management is essential to business success. It is difficult for your business to prosper if on a day-to-day basis you are troubled by operational issues. This often ties up the executive’s time in micro-management, when they should be focusing on leading the business; which is what they do best.  We can help to overcome these problems by developing workable financial internal management systems which are easy to use, are time-effective and allow reports to be produced quickly: so you have them when you need them. This will resolve issues such as:

·         Financial record keeping and reporting (which means that you know what’s been spent and on what items. Also you can find out the exact financial position at any one time)

·         Invoice management and credit control (allowing you to produce invoices quickly and accurately, helping to ensure quick payment. It also allows you to know precisely how much is outstanding per account and any payments that have been made)

·         Performance management (meaning you know how you are performing against key business objectives)

·         Sales analysis and profit and loss information (allowing you to know how many sales have been made, how well products are performing and the net profits being made, so you can produce accurate profit and loss accounts)

·         Cash flow forecasts (meaning you know, at any one time, your cash flow situation and forecast what it will be like in the near future)

·         Budget management (allowing you to control spending and giving you the facility to report on budget expenditure at any one time)

Trouble Shooting

Of course, if by using any of the systems above or indeed your own systems you realise that you have particular issues with a certain area of the business (for instance, budget overspending or unpaid invoices) we can help to develop tailor-made solutions for your business.

Profitability Analysis

Our some of your customers costing you money? You might be surprised to learn that a recent study by Harvard Business School found that 15% of all customers are unprofitable. Moreover, around 20% of customers are responsible for most of a company’s profits. So, how do you determine your most and least profitable activities? And more importantly, what do you do with the results? Our Service Profitability Analysis will establish your product line profitability and provide bespoke workable solutions to improve profits in the long-term.

New Company Advice and Formation

We use our experience and knowledge to help new businesses to form, allowing them to start on the best possible footing. We often administer the formation of a limited company. We also produce business plans for potential new businesses or newly formed businesses. We can also help to structure a new business, allowing the company to operate soundly from the beginning.

How Can We Help You?

To discuss your needs and how we can help to develop your business forward, call one of the team on 0191 378 0308 for an informal chat or e-mail us.