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Business Health check
During times of economic uncertainty it is important that you understand exactly how your business is performing and know where your financial weaknesses are. But with so many things to do, limited time to reflect and review systems and procedures financial performance can often get overlooked.
Our business health check service provides a financial assessment, to help identify the vulnerabilities in a business’s financial system, controls, management and strategy and offers recommendations, where necessary, to reduce the risk and improve financial management.
Our health check service covers the areas key to any business owners fully understanding the risks inherent in their business. We review the following areas:-
- Management accounts reliability
- Management controls and systems
- Cash flows and the ability to predict future cash flows
- Direct costs, gross profit margin, costings and pricing
- Overheads
- Risk assessment – insurance cover and disaster recovery.
Just three days after the initial review you will receive a report outlining our findings and suggestions and recommendations.
We are also able to offer a quick assessment of your financial arrangements from loans to mortgages to invoice finance, headroom, security and rates.
ICAEW Corporate Finance Faculty corporate members are not necessarily regulated by ICAEW Investment Business Regulations or other accreditation procedures.