Involvement

Terms of reference (which would be agreed between us on commencement) could include production of monthly management accounts and quarterly VAT returns. Alternatively, we could start at preparation of budgets and business plans and move on, if required, into presenting of your business to banks and other financial institutions in order to raise further funding.

We would expect to attend monthly management meetings, where we could offer advice from the viewpoint of someone who is involved in your business, but also independent of it, and who can “see the wood from the trees”.
 

 

Lower Costs

Typically, we would expect to spend between 3 and 5 days a month per client (when averaged over a full financial year) and would agree with you in advance, a fixed monthly fee for the year ahead, according to the work to be undertaken.  This is probably more time than your auditors (or tax accountants) can devote to your business and, even if they do have the time, their method of charging by the hour would inevitably cost significantly more.
 

Exit Planning

When the time comes for you to put your feet up, or just do something different, we will work with you to help you realise the value tied up in your business.  Our experience of buying and selling businesses, including the vitally important “due diligence” process, will be invaluable to you as we “hold your hand” through the transaction.
 

N.B.  As buying and selling businesses tends to take up a huge amount of time for the people involved, this would be charged separately from our fixed monthly fee.