Case Studies and Achievements
The case studies below give a flavour of my professional expertise as a registered and fully qualified UK Chartered Institute of Management Accountants (CIMA) accountant.
Case Study – Reporting and Funding
Background
A £20m food company was changing its Head of Finance but also needed additional funding for growth. I was given free rein to make any improvements necessary.
How I Helped
- Re-wrote year-end projections.
- Revamped the Board’s monthly management accounts pack.
- Resolved the reasons the banks weren’t granting additional borrowing facilities.
Result
An additional £700k facility was granted by one bank and a hibernated facility of £1.2m was reinstigated by the second.
Case Study – Strategy
Background
A £100m+ plc required all subsidiaries to produce a 5-year plan for the first time. The directors of one subsidiary (T/O £35m) were the main business income generators. They didn’t want to do so because they were concerned the company’s performance would suffer.
How I Helped
- Organised working lunches to brainstorm a vision for the future.
- Produced a 5-year finance strategy with a set of financial assumptions.
- Developed and presented the strategy, with the subsidiary, to the Board.
Result
The plan was fully accepted by the Group Board without changes. Within 6 months, it was used to sell the subsidiary.
Case Study – IT Change Management
Background
The owner of a Mortgage Brokerage was anxious because his weekly cash flow forecasts were unreliable.
How I Helped
- I recommended operational changes to key systems were kept up to date.
- I created accurate weekly forecasts by developing an Excel spreadsheet that combined:
- An analysis of weekly cash movements
- Operational data feeds.
Result:
The owner says, he can “now sleep at night”.
Case Study – Cash Flow Issues
Background
A retail business with three outlets appeared to prosper – but it was having cash flow problems. The MD believed this was caused by fraud.
How I Helped
- Identified the cause of the cash flow problem was overstocking due to low stock turnover then:
- Developed a staff rotation model to optimise manning levels.
- Improved the cash security protocols.
- Ran a sale to turn the problem stock into cash.
- Introduced better controls to prevent a repeat of the problem.
Result
The company has expanded to 6 outlets.
Case Study – Forensic Divorce Accountant
I was a “professional expert” in a divorce case, acting for the wife’s solicitor.
How I Helped
- Created multiple reconcilable Excel databases of all transactions across 22 accounts.
- Analysed and summarised how each account had been utilised.
- Provided further data analysis when requested by the legal team
Result
The court denied all legal claims by the ex-husband. The wife received her full share from the sale of the family home.
Case Study – Bank Loan
Background
A company’s £30m+ loan facility was up for renewal but their commercial bank was concerned.
How I Helped
- Investigated the financial status of the business using:
- Filed statutory records
- The monthly re-forecasts sent by the Finance Director to the bank.
- My findings were added to the report supplied to the bank.
Result:
The bank renewed the facility.
Case Study – Strategy Planning/Funding Consultant
Background
An IT company needed to raise £600k to fund the development of a new Police system.
How I Helped
- Developed a 5-year projection and integrated it into the overall business memorandum of information.
- Presented the business to various interested investors.
- Managed the Investor Due Diligence responses on the financials.
Result:
The 600k was secured – with a further promise of additional funds if required.
Case Study – Funding
Background
£500k funding was required for a potential business purchase
How I Helped
- Conducted an examination of the company’s financial performance over the previous 4 years.
- Developed a 5-year projection for both P&L and Balance Sheet to secure investment and provide the new owners with a vision of the future potential.
- Resolved questions arising out of the due diligence process.
Result
Full funding was secured for the purchase of the business.
Next Step
Contact me via InterLexx, for free, to improve your company’s financial future. You’ll be pleased you did.