If you are seeking to extend your overdraft for cashflow reasons, take out a loan for capital purchases or to set up a new enterprise, the banks normally require a set of forecast budgets before they will agree to the risk. The budgets will need to include as a minimum cashflow forecasts and P&L forecasts, most commonly for 3 years.
When we undertake forecast budgets for the banks we also routinely undertake a basic appraisal of the business, assessing and idetifieying issues and opportunities for the client.
We act for a number of clients who use us to help them routinely prepare budgets for the business proactively planning their business, reviewing them on a periodic basic and often in conjunction with other services such as cost management and benchmarking.
Changing your business
We can undertake a range of other more specific budgets including gross margin analysis (analysing one enterprise against another), capital investment planning and partial budgeting. These specific budgets are absolutely vital in advance of making decisions such as
- Entering or leaving a sector
- Making operational decisions such as selling equipment and contracting out operations
- Changing machinery
Whether you choose to use us because the banks require the information or because you proactively want to budget and plan for your business, we commit to providing a cost effective and through service providing meaningful but achievable advice.