Far too many businesses do not achieve their full potential for making profits, indeed most businesses we see are quite capable of doubling their profits by using tried and tested techniques to introduce simple changes to their operations.
Our Profit Improvement Programme begins with a Financial Performance Review of your business, preferably covering a four-year period. This shows in graphical format the key ratios within your business so you can see at a glance what is working and where improvements can be made. By analysing your turnover into its constituent parts either by product or by customer we show you where revenue is flowing from and what your gross profit margins are in each part of your business.
The data is then transferred into some unique software, which shows your Profit Improvement Potential by altering some of the Critical Success Factors of your business. Using a series of “what if” scenarios we are able to help you select the strategies which will maximise your profits.
Next, a financial model of your business is created showing the sources of revenue, gross profit, direct and indirect overheads and payroll costs. This is used to create a detailed financial plan for the forthcoming year and also produces a cash flow and profit forecast, forecast balance sheet and monthly and quarterly figures for you to check your progress against.
You will receive quarterly accounts to measure your progress against your plans and a quarterly meeting to interpret your results and discuss the strategic changes that might be necessary to achieve your goals.
You also get unlimited telephone support on ad hoc matters in the knowledge that we will not be charging you anything extra for that advice.
In addition to this you will receive all of the benefits of our Support Service which includes the preparation of your annual accounts and tax returns; a 26-point tax mitigation checklist; our tax investigation service and telephone support hotlines to give you advice on legal and health and safety matters; an appraisal of your bookkeeping system; any penalties that you incur for late filing of your accounts and tax returns will be paid by us; and our unique Business Growth Service – see our Support Service for more information.