|Projects and assignments|
As businesses grow and develop opportunities may arise which place a strain on the existing management team. An opportunity may arise to acquire or divest of a division. Many organisations fail because focus is detracted from the day to day running of an organisation to deal with this development. Financial Control & Direction can become your business partner to guide you through this exciting growth period. Whether we ensure that the day to day finance function continues to operate or assist you in managing and integrating an acquisition, we can provide an objective sounding board to facilitate your growth and development.
Here are a some examples of recent assignements where we added value to organisations.
We were approached by one of the County Enterprise boards to assist a kitchen manufacturer in developing a sales and marketing strategy. While the Principal of the business was very comfortable in designing and manufacturing bespoke units, by his own admission he needed assistance in telling the story of his businss. Having reviewed the local competitors activity and his existing marketing strategy, we developed a sales and marketing plan that focussed on developing new routes to market through specifiers and on expanding the information gathered through showroom enquiries. Together with a social media plan, the business is now well positioned to tell its story as it delivers first class product to its expanding customer base.
Following a period of acquisition, this organisation was looking to consolidate its finance function and to establish a reporting structure that would recognise its different income and profit streams. The hands on role involved selecting and implementing a suitable reporting platform; development of a costing model; recruitment of appropriate staff; training and development of existing personnel; outsourcing of payroll function and rationalisation of the existing team. This project has established a finance function that will serve the growth and development of this organisation into the future.
Not for profit in the Education Sector
In an era of stringent reductions in public sector spending the remit in this assignment included the preparation of a budget to provide a framework within which the organisation could thrive and develop despite a curtailment in its income. Maintaining a strong focus on cost control and financial information, this assignment demonstrated that with a spotlight on regular reporting organisations can thrive even in an era of income reduction. Managing and understanding cashflow was key to the successful completion of this assignment and rationalising the financing arrangements of the organisation was critical.
Multi Media Company
During a period of expansion and growth, this assignment involved working with the principal of a diverse multi media company focusing on streamlining the operational processes so as to ensure that the day to day functions of the business did not detract from the entrepreneurial development of a business in a fast paced environment. Documentation and implementation of procedures relating to routine financial transactions allowed the business owners to focus on growth and development in the expanding arena of SEO and online marketing services.
Professional Services Company
Demonstrating that the skills of Chartered Accountancy are readily transferrable, this assignment required the application of controls and procedures which are second nature in the PLC environment to a large organisation in the professional services sector. The application of controls in the arena of cash collection and financial reporting ensured that the Management Committee were armed with the resources to enable it to make informed decisions on its financial performance. The assignment demonstrated that regardless of the size and complexity of an organisation the basic principles of cashflow management and profitability analysis are critical to all organisations.
Manufacturing and Distribution Company
Retained by the investors in a newly acquired business,the assignment involved implementing a restructuring programme designed to extract the potential benefits identified during the due diligence process. The project involved the integration of reporting requirements, rationalisation of its existing sites; review of pension scheme obligations and the implementation of Group HR policies and procedures
If you feel that your business could benefit from a no obligation review of its financial systems and reporting please contact us.