Tag Archives: reviewing your business

UK business landscape – another five year plan

News Archive

Following the result of the UK election, with the Conservatives surprisingly gaining an overall majority, the continuing austerity driven economic recovery should be possible. However should the excessive debt and borrowing figures not be eliminated, a failure from the Government’s first term in office, then the voters in 2020 will react accordingly. Other factors surrounding welfare spending, housing and net immigration will also be measured by the electorate.

Businesses have been wavering over the first few months of 2015, with the uncertainties of the election outcome, in putting into place their strategies and implementation activities. Now there is a clear result, and assuming the March budget announcements are implemented, there are significant opportunities for companies to consolidate their recovery and grow their businesses both organically and by acquisition. Outstanding matters on business rate reviews, borrowing and the impact of a potential vote on Europe will provide food for thought over the near to mid-term, but leveraging the strength and potential of SME’s is essential in the improvement of the economy.

Immediate senior management resource issues could play a part in SME’s not being to exploit their growth strategies and a solution is the use of a commercially focused independent executive on an interim basis.

MW Interim Finance can assist you in compiling or reviewing your business / risk plan in key commercial areas of your business, in addition to providing an independent CFO/FD resource on an interim basis. For further information or a confidential discussion about your specific requirements, please contact Martin Walby FCMA CGMA on + 44 (0) 7876 566875 or email martin.walby@mwinterimfinance.co.uk

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Has your business lost its “One Direction”?

News Archive

 

It can happen at any time in business, just as in a boy band, where a key member of your Board or senior management team decides to leave suddenly disrupting the growth, momentum and stability of the business. Larger companies can look from within to promote however SME businesses may find they have a significant gap in resource. Initially the reaction is to either survive for a period whilst diverting other resource to backfill or use their auditors or other professional advisors to provide support. Using temporary cover is also another option however they usually need to be managed and are on short notice with the risk that they may also move to another role.

The use of an independent career interim, that tends to operate at Board level, is a solution that can provide the necessary resource to a business and also take on the recruitment of a permanent alternative. They provide the functional responsibilities to ensure the minimum of disruption the direction and momentum of the company and will contribute objectively. Commercially focused interims can perform a number of activities including forensic review of the business, the development and implementation of strategic and operational initiatives, assist in restructuring or identifying change requirements in business processes, controls and systems.

Their dedicated focus is to deliver results with objectivity, accountability, flexibility and are immediately productive and efficient. Unlike consultants or temporary staff, where costs tend to drop to the “bottom line”, interims focus on the delivery of benefits to your business. The outlay on the cost of an interim should be matched by a multiple of benefits over time.

MW Interim Finance can assist you in compiling or reviewing your business / risk plan in key commercial areas of your business, in addition to providing an independent CFO/FD resource on an interim basis. For further information or a confidential discussion about your specific requirements, please contact Martin Walby FCMA CGMA on + 44 (0) 7876 566875 or email martin.walby@mwinterimfinance.co.uk

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