To increase profit and grow successfully, a business needs to know where it is now - and where it’s capable of going in the future. That means not only having the right financial information but getting it to work for you.
Trusted and resourceful business advice
Our people are well-rounded, resourceful businesses advisers. We support ambitious enterprises to succeed, grow and thrive.
We appreciate that running a business, especially if you are on your own or part of a very small team, can be lonely at times. We help by offering a listening ear as well as advice and ideas gained from many years working with businesses.
Working as an extension of your team we will talk through your business dilemmas or more specifically we can advise on:
- Growth, succession, exit planning and business continuity
- Financial stability and future business viability
- Selling or buying a business, market valuations and due diligence
- Management structures and joint ownership/shareholder agreements
- Raising finance for expansion
- Tax efficiency of different business structures
- Forecasting and controlling cash flow to fund capital requirements
- Appropriate accounting systems and internal system reviews
- Tax planning and reviewing current remuneration packages
Information is power
Accurate financial information is critical to make the informed decisions necessary for your business to grow. Should you expand into new markets? Take on more staff? Invest in new equipment, or acquire a competitor? Whatever the question, you will get the best answer by being able to tap into the financial information your business can provide. And presenting that information in the right manner is also key to persuading others to back you.
We can help you to decide what to record, identifying what really drives success in your business and tailor the analysis accordingly.
See our Buying and Selling Businesses section for the importance of due diligence information.
Common barriers to success
- competition from larger businesses
- lack of sales
- cash flow problems
- failing to monitor performance and results
- looking to turnover rather than profit
- taking too much out of the business, such as drawings, salary, bonus, or dividends.
The best strategy to surmount these is to use the financial information your business can provide.
We can review your credit control, stock control, budgeting and financial reporting systems and allow you to take full control of these key areas of your business. We can also help you address specific problem areas in your business such as gross profit, cost control and stock valuation.
Effective management information will allow you to seize opportunities when they arise or identify problems quickly so you can take effective corrective action.
With the correct accounting software you will save hours of hard work leaving you more time to deal with the areas you love best about running your own business. We can provide training and help you to obtain the best from your chosen system, cloud based or desktop.
Whether you are investing in new technology, reviewing existing systems or have simply outgrown your current resource, we can help.
How your business is structured can have a number of important implications including exposure to risk and how it is taxed. The appropriate structure can also change throughout the lifecycle of a business.
For example, should you have a Holding Company? What does is mean and what are the associated advantages and disadvantages?
Holding companies are often used to reduce risk, protect assets, share costs and to deliver tax benefits.
It is important to get tailored advice to understand how a Holding Company or group structure could work for you.
Business plans and forecasts
Every business should plan ahead to ensure success but daily business pressures often conspire to delay the strategic planning process. Financial forecasts are a crucial part of any business plan and we will ensure these are both meaningful and robust.
See our business tax and accounts sections for more details on these areas.
Our team of business experts can help you to drive business success and help you to love what you do. Contact us for a free initial discussion today.