Portfolio FD
The 3 stages
Changing a finance department and improving a business as a whole isn’t an overnight matter. In my experience there are three distinct stages
Assess
It is critical that the true position of a business is understood before making any plans for the future.
If the financial position is mis-stated it will in turn mean that the historic trading is inaccurate. This has a number of potential knock-on effects:
- The cash requirements of the business may be significantly higher and may exceed the available funding.
- The business may not be as profitable as believed and could actually be loss making.
- The business may be worth significantly less than previously thought.
The first step in any assignment is therefore to review:
- Most recent balance sheet
- Most recent trading
- Latest Forecasts
As part of this work an assessment can also be made of the financial procedures and the ability of the staff involved.
Plan
The businesses we work with always have great ideas as to how they can grow or improve.
we work with them to plan how to turn these ideas into reality.
Depending on the circumstances this planning phase can have a number of component parts including:
- Management Accounts Pack restructure
- Forecast Preparation
- Funding Review
- Action Plan Development
- MI Development
- Strategy Development
We also offer assistance in obtaining funding.
Deliver
At JRS Financial we remain with you throughout the journey, to assist the business in achieving everything it wishes to achieve.
We make sure the finance function runs smoothly, so the rest of the management team do not need to worry about this.
We make sure that the business has the quality information it needs to make informed decisions.
We hold the business to account for its performance against its targets and agreed actions
We continue to add value by taking an active role in decision making and strategy.
We achieve these things by undertaking the following work streams.
- Management accounts preparation
- MI Preparation
- Finance Function Management
- Attendance at Board / Management meetings
We also offer assistance with the sale and purchase of businesses.
book a free 30 minute consultation with our founder Jason Soars today to see how we can help
Everyone we speak to leaves with a better understanding of their business and 1 or 2 ideas they can put into practice