Sounding Board
Having support and being challenged
Many business owners do not have the luxury of being able to discuss their plans, goals and ambitions for their business with their employees, lawyers or accountants. Even those that do can not always benefit from being challenged by those professionals taking an holistic view. We believe that by building rapport, fully understanding your plans and challenging them where necessary, the plans will be more rhobust and more likely to come to fruition. Sometimes the dream is not what you initially thought it was.
Business Turnaround
You don't always have to learn from your mistakes
It is very easy for business owners to be too close to their business and focused on the long term that they fail to see some fundamental issues that are here and now. One example we experienced was working with a business that had a balance sheet deficit greater than the annual turnover of the business. The owner was passionate about his dream, with no clear understanding of how to achieve it, he thought that borrowing extensively to keep the doors open for long enough would lead to it just happening. Clarifying the business goals and undertaking a thorough review of systems, processes highlighting key issues. Discounting when it was not necessary. Square pegs in round holes. Not understanding the true cost of staff and premises. Having addressed those issues and assisting with creditor negotiations, a clear path to solvency was created.
Mergers and Aquisitions
Making the most of potential opportunities
All businesses will benefit from being in the right place at the right time at some point, the issue can be moving quickly emough to benefit. It is not always necessary to involve solicitors and accountants in the early stages of potential acquisitions, we can support by assisting in the initial evaluation in a very timely and cost effective manner. Ultimately the professionals will be required and we strongly support all businesses having access to not only great accountants but also to trusted corporate lawyers when necessary.