ADVISORY


You work hard for your money, so it should work hard for you.
We provide invaluable advice for business transformation, turnaround, profit improvement, financial management, strategies and business acquisition and disposal.
PLANNING YOUR BUSINESSES' FUTURE


Mintiers Financial does not limit itself to Tax advice & Accountancy, we are here to offer commercial business advice to help support plans for future growth, funding, investment and increased profitability.

We provide a range of business advice services including health checks on profit optimisation, business planning support, expertise in exit strategies, and business acquisitions & disposals.

We review financial management software systems to ensure companies are maximising the information to help them run efficiently and profitably .

We provide Cashflow Forecasting, Projected Balance Sheets, Financial forecasting of Profit & Loss accounts, Review of payment terms & Debtor Turnover and Key Performance ratios.

Regular engagement with us will help you avoid many pitfalls associated with the financial management of running a business.



BUSINESS ADVISER        
                                                               
The best advisers are those who genuinely want to understand their clients business and are willing to ask the so called ‘obvious’ questions. 

While at Mintiers Financial these questions are obvious,but for clients who are too ingrained in their business have failed to ask themselves as they have not noticed the change their business might need.

Small businesses are subject to constant change, there are many scenarios where a particular year they are concerned about cash flow, the next about success planning. Managers of growing companies need clear and informed business advice and support that gives them confidence in the future and allows them to concentrate on achieving their business objectives.

The Benefits                     

Improved Performance 

As we identify areas of your business that need focus.
We provide pragmatic solutions tailored for you.

Control your business 

We put in place key metrics so you can measure your progress.
We enhance your reporting.

Reduce your costs

We save your team time and money.
We reduce the time spent on month end or budgeting.

Reduce your risk

We identify your priority areas of financial risk.
We work with you to manage your risks.
FORECASTING            
In a world that is uncertain its important to know what you are expecting to happen financially, either to validate your expectations or react in the event of something unexpected. 

Our team work in collaboration with you to model with the future could look like and the critical variables that will determine success or potential change of direction. Our support can be simple as a sense check of assumptions to the design and building of a multi-entity model, we tailor our approach to your needs.
PROFIT FORECASTING
  • Forecasting sales and profits, particularly on a short term
  • Forecasting sales and profits, particularly on short term basis is essential to planning for business success.
  • This process estimating future business performance based on the actual results from prior periods, enables businesses to avoid losses or major financial problems should future results from operations not conform with reasonable expectations.
FORECASTING PLAN

PROFIT FORECASTING

BUDGETING
Whether you are a small business or a multi million pound enterprise a calculated and well- researched budget provides the frame work for every good business model and budgeting is utterly none negotiable.

Structured planning can make all the difference to the growth of your business. It will enable you to concentrate resources on improving profits, reducing costs and increasing returns on investment.



BUDGET OUTLINE

PROFIT FORECASTING

KEY QUESTIONS FOR BUDGET      

What are the projected sales for the budget period? - we give no scope for over estimation as it causes problems in the future
What are the direct cost of sales- ie costs of materials, components or sub contractors to make the product or supply the service?
What are fixed costs or overheads?
CASH FLOW 

Cash is king in any business. As anyone who has started their own company can attest, your cash position can be extremely tight as a small outfit. Whether you have significant financial backing or you are bootstrapping, you must make sure that your command of the company’s finances is second to none. 

We help you to keep an eagle eye on expenditure, credit control, debtor days to make sure haven't accounted for unexpected costs arising.

We suggest a practical approach to control payment terms and better maximise the change of prompt payment.
Payment risk

The first step is to determine the level of risk on payments you can take as a business. If the answer is ‘no risk at all’ then payment in advance is the solution. This can restrict your market somewhat, especially in the b2b world where companies often expect to pay on account. Early payment discounts might be attractive to some businesses, but extended terms may still be more favourable to companies for whom cash generation is a key component.


Know who you are dealing with

Be selective about who you work for and credit check new prospects before starting the business with them. Turning down potential new contracts is not easy and needs a steely resolve, but if a company’s credit history looks less than impressive you could save yourself a heartache and cash flow problems. 


Cash is King

Assuming the customer’s history suggests they can pay, the next step is to establish the terms and conditions under which you will be paid. It is a lost easier to set expectations at the beginning of a relationship and include it in your terms and conditions. Water tight terms and conditions establish the rights and responsibilities of both parties and can save a lot of time and money in the long run. 

If Cash flow is king then growth is the biggest killer of business. Our experts will break it down simply for you to reduce costs, increase profits, get better payment terms with your payables, chase down receivables and borrow and they are many other steps to be taken to constantly work to improve those ratios.

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