Benefits to your Business

Start ups

With a start up business, you’re boldly going into the unknown and inevitably the road will wind its way through trial and error. Creating meaningful financial plans do require some crystal ball gazing and its likely your business will soon veer off plan. But if you need any form of finance, the lender will need a plan and financial forecast, something we can provide.
The work required to manage your finances will grow but it’s hard to predict how much of each level of skill & resource is needed. Rather than employ a full time office manager who gets run ragged doing tasks he is unqualified to handle or are unchallenging and beneath him, we can split out the tasks and match suitably qualified part time staff to carry them out at appropriate rates.
As your requirements change, so will the mix of part time staff which we will scale and flex. The continuity of service is provided by Martyn Hodgson, acting as your part time Finance Director.

Growing Up

As a growing business, are you working every hour and still creating a bottleneck? Is time to stop doing everything yourself?
Recognising the areas you’re not so good at and getting someone to handle them is the first step in expanding your team.
Perhaps it is part time HR or Sales or Finance support, maybe providing hands on support several days a week or a mentoring role for a day a month.
With volumes growing, any part time staff utilised during the start up phase will increase hours and eventually a full time member of staff is a more cost effective alternative, which we can help to source. Use our calculator to see if it is cost effective for you.
Growing businesses have access to a wide range of funds with banks more willing to support if the company has a bit of a track record. Martyn can support the business in identifying and obtaining the necessary growth funds.

Established and Mature

The environment is a lot less risky and uncertain for established businesses. Generally the business has many years of trading behind it with a clear idea of its way ahead. More often than not, the company has a full time finance team in place, with gaps arising from maternity, long term sick and holiday absence, which we can support.
Some established businesses need a shake up and introducing an external part time Finance Director can initiate such a change. We can take a fresh look at practices, compare to other companies we’ve worked at, recommend and implement changes.

Struggling and Failing

To turn around the fortunes of a business involves challenging everything and being open to second opinions, however unpalatable.
The room for manoeuvre has gone, as has the support from most people willing to lend money.
There are plenty of one off easy wins by generating quick cash from tightening debtors, lengthening creditors and reducing stock levels as well as cutting out excessive overhead spend.
However, perhaps the business model no longer works and needs to change. Maybe this impacts the skillset and number of staff required as well as equipment and systems.
Martyn has faced the challenge of turning around and putting into receivership a number of struggling businesses, and would be happy to discuss your business with you.