£5m turnover, South West. Following a change of Board and shareholders, we were engaged by the client to produce a budget consisting of profit and loss account, balance sheet and cash flow. The new team fully understood how important it was to accurately plot the financial journey. We are now working with them on a retainer basis providing a full suite of monthly management accounts, KPI’s and financial projections which is presented to the Board giving them real-time insight into how the business is performing.
£1m turnover, Home Counties. Initially brought in to work as a part-time finance director, it was clear that the quality of the financial information in the business was poor and decisions could not be taken with any confidence. There was too much over reliance on using the year-end accountants to produce accounts. We were able to start adding real value quickly to areas such as management accounts and forecasting as well as taking care of the client’s VAT returns. The client now has a complete picture of their short, medium and long term financial strategy.
£1.5m turnover, South East. With ever improving technology and cloud based software such as Xero, geographic location is no longer an issue when it comes to choosing the right accountants and advisors to work with. Working with this Kent based business and its annuity-based model, we are helping the business owners to understand the difference between profit and cash flow. Our experienced team works alongside the client to help them understand the relevance of deferred income and expenditure, which is not something that the in-house accounts team are always 100% comfortable with.
£21m turnover, North West. We were engaged to work with the team’s finance department on a year-end balance sheet and cash flow planning. This required a deep understanding of the business in order to produce a comprehensive suite of financial projections which could be shared with their bank. This has culminated in a stronger bank relationship and additional funds being made available to the client from the bank. The client now works with us on a retainer basis to assist with ongoing management reporting, budgeting and forecasting.
£6m turnover, South West. Working on a retainer basis with this fast-growing business to assist in the longer term financial planning for the company, the WCL team worked closely with the in-house accounts team to produce a concrete set of management accounts and finance options as the company looked to through a period of significant growth culminating in the business being sold to a global organisation.
Again under the Growth Accelerator scheme, WCL is working with a local food manufacturer to assist them with their growth plans of the next 3 – 5 years.
£5m turnover, South West. Partnering with this organisation as a bridge between the accounts department and the Board, we are working with the team to improve its financial reporting and planning. The Board’s knowledge of working capital and business planning has significantly increased allowing for better decision making and financial understanding.
£3m turnover, South West. Working on a retainer to help this client have a greater understanding of its finances, not just its profit and loss, allowed the company to move into a stronger financial position. We improved the level of management information available to the Board and the bank at regular intervals as there were often drains on working capital. When this client was actively looking to be acquired, we worked with them to handle all the financial due diligence and forecasting. A successful acquisition took place, with the long-term future looking very rosy for all parties.