Managing your bank manager - and your business.

In the past many companies have relied on easily available credit from their banks and other funders in order to maintain a satisfactory financial performance.

The current recession is forcing banks to adopt a more stringent approach to customer borrowing and, for most businesses, credit is increasingly difficult to obtain. Cash flow becomes strained as sales and margins decrease and debtors take longer to pay.

To retain the full support of their Bank, company owners must demonstrate a full understanding of the financial results and outlook of their business and that they have competent management in place.

If you don’t feel too confident about presenting and discussing your management accounts and forecasts with your bank on a regular basis, then you need our Financial and Management Control (FMC) programme. The FMC gives you the resources of a senior management team and comprises:- 

• A free initial meeting at your office for us to begin to understand your business, your current financial recording and reporting, and to create P&L and cash flow budgets.
  
  
• Producing your Bookkeeping (Sage), Management Accounts and Vat returns.
  
  
• Quarterly meetings to review your accounts, (budget variances, sales, margins, expenses, DR/CR listings, banking, cash flow, any Cap-ex, etc), the results of the management actions last quarter and to agree those of the next quarter. These meetings will be fully documented as a quarterly review package which we will help you to present at a meeting with your bank manager.
  
  
• Business Helpline – contact us anytime for immediate and expert advice regarding creditors, banking, sales, VAT, marketing, cap-ex, raising finance, tax, Health & Safety, HR, leasing, etc.

The monthly cost of the FMC starts from £500 depending on the complexity and size of your company and will be confirmed after the initial meeting.

Contact Warren to discuss your requirements.