CHALLENGES

The company needed support with wide a range of key issues, most urgent of which was raising funding for working capital. Reporting system in place needed a major upgrade and the company did not have a budget in place. Finance team leadership was needed to train and motivate the team. There was a disconnect between reporting metrics between ops and finance.

SOLUTIONS

We performed a quick assessment and implemented the following steps:

• Created zero based, recurring 3 Year Budget

• Arranged a Working Capital loan from top UK bank.

• Introduced a quality Management Reporting Pack

• Advised directors on Profit Maximisation, Salary and Dividend strategies

• Prepared and submitted annual accounts

• KPI reports improved stock and margin management.

OUTCOMES

1. WORKING CAPITAL LOAN

Obtained funding to finance short term working capital needs of the business.

2. KPI REPORTING

Timely and accurate management reporting improved visibility across different departments.

3. MANAGEMENT REPORTING

Timely and accurate management reporting improved visibility across different departments.

4. BUDGETING

zero-based 3 year budget provided wider outlook over the business and informed on expected profits and cash flows.