Business strategy, planning and forecasts
Every business needs a plan, so you know where you are going. We’ll help you set the targets for your business – then keep you on track, month after month. And if your business is growing, chances are you’ll need more finance to support the growth at some stage. And that’s when you’ll need a meaningful and robust business plan to show the bank or other financial institutions. As professional London accountants, we’ll work with you to create a business plan, cash-flow and financial forecasts to support your presentation.
Business start-up (A savvy accountant with a safe pair of hands to help you on your way) 80% of new businesses go bust within 5 years. 80% of the remainder go bust within the next 5 years. That’s why it’s essential for anyone starting a new business to take on an accountant at the earliest possible opportunity. You may have a good business proposition and the enterprise and commitment to see it through, but your chances of survival will be dramatically improved if you have a savvy accountant looking over your shoulder.
And that’s what Artisan does best! Think of us as a safe pair of hands. Bring us your business ideas and we will help you to make them a reality.
We will help you to:
Decide on the most suitable structure for your business: sole trader, partnership, limited liability partnership or limited company. We will help you decide whether or not your business should be based in the UK or offshore.
- Prepare a business plan, cash flow projections, budgets and trading forecasts
- Assess your finance requirements; advise on the best sources of finance and draw up the necessary proposals
- Establish a good working relationship with your bank
- Complete any registration procedures with Companies House and HM Revenue & Customs
- Deal with all the company secretarial issues
- Set up a recording system for your internal use and for complying with statutory requirements
- Decide on what accountancy software to buy and help with the installation
- Keep on top of bookkeeping, VAT, payroll and other accounting requirements and
- Help with all aspects of business compliance and administration
We can independently assess your performance in the market on the basis of sector and/or area, size and turnover. This shows you how you are doing in comparison to other businesses in your market, enabling you to identify areas for improvement. This is perhaps the most important ingredient in achieving your growth objectives.
Our PMI system brings together all the above business growth services into a single action plan. Using our skills with numbers, this system helps you develop a “Sat Nav” for your business. Initially we help you decide where you want to go, decide your route, identify how you are going to get there (the key success drivers of your business), monitor your progress (management information) and take corrective action to get back on course. We will also help you measure your actual performance against how well you could or should be doing.
We would then work with you to help determine your improvement potential: how you can improve your profit, save more tax, put more cash in your business and personal bank accounts, and make your business more valuable.
Every successful business feeds off regular management information. It’s a vital component that helps you manage and control the business. We work closely with you to get to know your business so we can make suggestions to improve profits and help it develop and grow. We can prepare your monthly or quarterly management accounts to ensure you always have reliable and accurate information on which to base your business decisions.
Our management consultancy service can review your credit control, stock control, budgeting and financial reporting systems and allow you to take full control of these key areas of your business. We can also help you address specific problem areas in your business such as gross profit, cost control and stock valuation. Effective management information will allow you to seize opportunities when they arise or identify problems quickly so you can take effective corrective action.
When you need more finance, where can you go?
Do you need help to raise capital to grow your business or purchase new equipment or premises? Are you thinking of taking over a competitor or arranging a Management Buy-Out? Our Corporate Finance specialists can help you with all this and more. We have excellent connections to many sources of finance, so you can be confident you’re getting the best advice.
Our expertise in corporate finance includes:
- Obtaining start-up finance
- Due diligence and valuations
- Raising money for expansion
- MBOs and MBIs
Exit and succession
Have you thought about what happens when you want to retire from your business? Will you sell it – or hand it over to a family member? Have you fixed a retirement date? Will you have sufficient income to support your retirement and provide for your family?
It’s never too early to think about your exit
It may seem a long way off at the moment, but the earlier you start planning the better. All these considerations need to be taken into account in preparing a strategy for business exit. After all, you’ll want to maximise your wealth at retirement or leave the business in safe hands and the timing of the sale could dramatically reduce your tax bill.
We’ll help you think about your exit and prepare a long term strategy. There are a number of options available that you may not have previously considered.
Getting you out of trouble
If your sales are heading south, your expenditure’s going through the roof, or your cash-flow’s hit the buffers, you need expert, professional advice – FAST.
There’s no point in delaying… that will only make matters worse. Call us today for a free review and we’ll give you our honest opinion of the options open to you. If it’s a sound business with a temporary problem, we’ll show you how to get back in your stride. If the problems are more deep-seated, but there are elements of the business worth salvaging, we’ll explain how to do it. Or if you prefer to walk away, we’ll show you the best way to do that too – with your dignity intact.
Tax investigation and insurance
If you are unfortunate enough to be the subject of a tax investigation by HM Revenue & Customs, it can be a stressful and worrying experience. Since personal and corporate self-assessment, Revenue staff can now review cases on a ‘sample basis’; consequently, tax investigations have become more frequent. We have a wealth of experience in dealing with HM Revenue & Customs investigations, whether they are enquiries into an individual’s Tax Return under the Self-Assessment regime, or more detailed enquiries or employer-related investigations into PAYE and P11d compliance. If you are about to be the subject of an investigation, we can provide expert help and support.
We also offer a fee protection scheme which covers the cost of our fees in the event of an investigation