Case Studies

From scratch to £3 million

Some of the challenges they faced:

• Starting from nothing - no systems, no controls, no people, no experience of running their own business;
• Taking on big contracts from people left in the lurch by the demise of their former employer;
• Choosing the right deal to buy new premises;
• Taking on staff, and building up and managing a workforce of 50;
• Planning for their future - strategically, personally;
• Making a profit on contracts where the scope has changed;

Our team helped by:

• Setting up systems to control costs, record stocks, and manage debtors and creditors;
• Evaluating 3 major proposals to buy and relocate to new premises;
• Attending board meetings to advise on the cost/benefits of different plans;
• Introducing staff management systems as the firm expanded;
• Setting overhead recovery targets and monitoring the results;
• Training their finance staff to run the new business.

Result:

They now have a very successful business, with their own internal finance staff, and directors confident about their ability to manage the future.

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