introduction
Helping entrepreneurs and businesses thrive
Building a successful business is not just about having a great product or service, it is also about building a flexible, financial framework within your business, to deliver timely information as and when it is needed.
For many SMEs, creating this type of framework can be difficult, due to resource limitations or time. Even larger businesses can benefit from having a new pair of eyes to look at the business, especially, when things are not going to plan.
01: Experienced
We have a wealth of experience working with SMEs, over a diverse range of industries.
02: Flexible
We can work with you on ad-hoc projects or be involved on a monthly or quarterly basis.
03: Meticulous
We review every part of your business, to ensure every area is functioning as it should.
getting it right
Helping you avoid the pitfalls
Do you know that 20% of new Startup businesses fail in the first year and over 50% within the first three years? An alarming number but, fortunately, something we can help you avoid. Businesses fail because;
- There was no clear business plan and what needed to be in place as the business grew.
- Not carrying out enough due diligence when investigating the market.
- Running out of money, due to poor cash flow management.
- No experience running a business and/or the ability to delegate.
- No Marketing Plan or a badly executed one.
- Expanding too fast or remaining too rigid in your business approach.
We are here to
Help you all the way
we can help you
Develop financing options
- We are up-to-date with all the leading business finance offerings, allowing us to recommend the best solution for your immediate and long term needs.
- We can help you properly prepare, thereby, greatly improving your chances of receiving finance.
- For larger, secured business loans, we can look at what collateral you have, both business and personal.
- We can gather all the documentation and evidence, various institutions will require for your submission.
- We can carry out a Credit Score of your business, to ensure you are not adversely affected by a failed submission.
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we can help you
Improve business planning
- With extensive experience of what works and what doesn't, we are in the best postion to help you plan for immedaite and long term objectives.
- We can cover operational planning for the smooth day-to-day running of your business.
- We can help with strategic planning to identify where you are now and where you want to be in the future.
- We can help develop tactical plans to implement your strategic objectives.
- We can help create contingency plans for those unforseen events.
we can help you
Improve financial reporting
- We can help you develop a reporting structure that suits your business, giving you more timely information on which to make key decisions.
- Appraise your current reporting structure and identify areas for improvement.
- Review your accounting system, to confirm if it meets your reporting requirements. If not, review other alternatives.
- Identify reporting requirements for key staff.
- Develop an Implementation Plan for rolling out your new reporting requirements.
- Periodic reviews of your financial reporting and fine tuning, where neccessary.
we can help you
With Forecasting & Cash Flow projections
- Preparation of Budgets.
- Preparation of Revised year forecasts on a monthly or quarterly basis.
- Cash flow forecast for the year or revised year cash flow forecasts on a monthly or quarterly basis.
- Preparation of budgets, forecast and cash flows for financing institutions
- Analysing forecasts and recommending appropriate business actions.
- Ad-hoc forecasts and cash flows, if required
a few of our
Frequently Asked Questions
What industries do you specialise in?
As an experienced Accounting firm, dealing with a large number of diverse industries, we are able to quickly “tune into” any new industry we are involved with. We also specialise in SMEs, so we have a good feel for what is practical and what is not.
Can you guarantee that your plan will raise finance?
No, we can’t, unfortunately. There may be many reasons why your application for finance could be refused and, typically, if there were any obvious reasons why it may fail, we would have advised you of this before submission.
Do I really need a business plan?
Yes, you do, ideally, especially if you are looking to raise funds from your bank, since, they will definitely expect to see some form of Plan in place. Having a business plan also shows that you have thought things through carefully and have alternative strategies in place, in the event things don’t go to plan.
Do I really need a Consultant to help write our business plan?
No, you don’t. However if you are preparing a Plan to raise finance or take to your bank, then it is important to include all the information they would expect to see. If you haven’t prepared a Business plan before, then it can be difficult to know what to include and what “weight” to give each section. Also, many do-it-yourself Business Plans can be over optimistic and be a factor in failed submissions.
Will you sign a non-disclosure document (NDA)?
Yes, we would and it is something that is quite standard within the Accountancy profession.
What are your charges?
Since every business is different, we are not able to give a definitive cost until we have discussed your requirements in a lot more detail. However, we are very competitively priced for the amount of experience we bring to the table. Being a flexible Accountant, we have a number of payment options that we are sure you would be interested in, especially, if cash-flow is a little tight at the moment.
Is this service not included in your standard accounting services?
Our standard accounting services include general advice on good business practices and would touch on most of what our Business Financial Consulting service covers. However, due to the amount of work and due diligence involved, it is a service we have to charge for. Also, we do take on clients already with an Accountant, mainly for one-off projects.
How does your Revised Year Forecasts work?
A Revised Year Forecast takes actual, year-to-date figures and adds them to the remaining months of the original forecast, giving a more realistic forecast at the end of the financial year. The remaining year’s forecast may also be changed, to reflect what has, actually, happened within the business.
Will I need a new Accounting system?
It really depends on the level of control you need over the business and what level of financial information is required. Most modern Accounting systems have very good reporting facilities, allowing us to utilise them, thereby, helping to reduce our costs. The more manual the process is, the more expensive it is going to be.
Would you recommend a new start-up venture use this service?
Yes, we would. Most new businesses fail within the first three years, due to the reasons mentioned earlier on this page. Knowing that you have the right financial framework in place and heading down the correct path, is a very reassuring feeling for most new businesses, allowing them to make confident decisions.
I already have an Accountant. Can you work with them as part of your Consultancy service?
Yes, we can. Typically, it may be because we appear to offer a better return on your investment, or it could be that our experience compliments what your existing Accountant has to offer
Rated 5 out of 5
The level and quality of advice received, in our opinion, has played a major part in our success.
Jonathan Davis
Pertwee Associates
Working with Happy Clients
Every business wants happy clients and we are no different. Referrals play a large part in the continued success of our business and is why we are delighted, when clients send us positive feedback.
Latest News and Insights
What better way is there to serve as a trusted resource for clients than to provide valuable resources? Keep up to date with our thoughts & the latest developments
17 Oct2021
10 Oct2021
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it could be the best decision you make this year
Are you;
- A new Startup business looking for the best advice.
- Unhappy with your existing Accountant and looking to change.
- Looking for an advisory service to help your business grow.
- Or need someone to look after your personal tax affairs.