Services
Part-time Financial Director service
A Financial Director is essential for a successful SME, but at what time in a company's life does it need to appoint a Financial Director? The need gradually builds up until the proprietor can no longer cope. He (she) has outgrown the family discussion or the chat with his (her) mates at the pub. What is needed is a professional person whose commercial and financial knowledge and experience leads to informed decisions. What is needed is a Financial Director, but not a financial director's cost.
Malcolm Bailey of Atkinson Bailey Consultants Ltd has experience in providing the financial director service on a part time basis so that the company only pays when it needs to use the service thereby getting a financial director at a fraction of the cost.
He now has several clients whom he meets on a monthly basis to consider the previous months trading performance and where appropriate suggest issues that need the attention of the proprietor. He ensures that the cash flow is reconciled and the working capital is adequate for the coming months trading. With his banking experience and the fact that he keeps a close watch on the corporate finance market he is ideally placed to source additional funds that may be required to achieve the potential of the business.
Cash Flow Management
Cash Flow management can be considered the most important part of running a business after you have made and sold the product or service.Keeping on top of the cash flow is a management responsibility and the management have an obligation to ensure that they give it the priority necessary. The majority of companies that fail do so because they have not managed their cash flow well enough. A two hour interview will enable us to assess your working capital structure and make an assessment of your cash flow needs to achieve your projected level of trading.
Business Planning
Producing a Business Plan is one of the most daunting tasks confronting the business entrepreneur. Whether it is to start up a business or enable it to take up growth opportunities. The bank, when asked for new or increased facilities, inevitably asks for a business plan. The different “Business Plan” templates that are around are somewhat daunting but with our experience we can prepare a business plan that is specifically designed to achieve the objective whether it be for obtaining a grant to take on additional staff, qualifying for a Small Firms Guarantee Scheme loan or just obtaining an increase in the overdraft.
|
Project Analysis
In the banking world the words that strike fear into the heart of the bank manager is “the big project”. Invariably this project is seen as the big break through that the proprietor has been working on for months and has been waiting for the confirmation that will take the business into new heights.
Such projects will strain an already overworked managing director’s role as well as the working capital and a proper project analysis is required to reduce the risks and maintain performance and assess the finance required before the start of the project. Good management is essential and having completed a “project analysis” at the beginning of the project this is made much easier and more objective. We can bring an independent objectivity to the assessment of the project and can act as project manager, chairing meetings and recording minutes.
|
