How Can Flourish Finance Help Your Business?

Our proactive approach, and continual review of client performance, means that we constantly strive to identify areas in which we can add value to our clients.

Here are some examples (testimonials available on request):

Historic Reconciliations

Industry: Property & Construction

Turnover: £3.0m

  • Our client had fallen behind with their book-keeping and their business was expanding rapidly.
  • We quickly, and efficiently, reconciled hundreds of historic transactions and provided the shareholders with a clear picture of their financial position.
  • Following this, we continue to provide the client with bookkeeping, payroll, management accounts, statutory reporting, and HMRC compliance – all in a timely manner, enabling swift business decisions to be made.
  • Their full accounting function is outsourced to us.

Cashflow Issues

Industry: Manufacturing

Turnover: £3.2m

  • Our client has seen massive growth over the last 2 years – during which time, our remit has continued to expand.
  • As their internal accounting team changed, we took on full ownership of the function, dealing with all accounting aspects daily.
  • The speed of growth did cause cashflow issues for the client – we prepared a business case enabling them to secure a £250k overdraft.
  • We managed the cashflow position of the business, during this time, and continue to monitor as part of our remit.

MI Packs

Industry: Telecommunications

Turnover: £1.1m

  • We implemented a management accounts, budget and forecast process, providing accurate MI to a growing business, during a key period of change.
  • This data has enabled the business to make quick decisions, ultimately resulting revenue growth of 45% in 1 financial year.
  • The client has an internal accounting team, who complete all daily processes, we cover all reporting, both internal and statutory, and HMRC compliance, in addition to providing strategic advice.

Merger

Industry: Professional Services

Turnover: £1.0m

  • 2 businesses were considering merging. We were engaged as an independent party, to review the current trading position of both parties.
  • We provided a report on the current position and advised on the most tax efficient way to conduct this transaction.
  • Working alongside corporate lawyers, a new entity was created, and we advised on required clauses in the Shareholder Agreement.
  • The full accounting function of the new entity is outsourced to us.

Finance Director Support

Industry: Property & Construction

Turnover: £10.0m

  • We are engaged in a Finance Director capacity – providing the key link between the in-house accounting team, and Board of Directors.
  • Team structure changes have been implemented, and new reporting packs have been designed and implemented.
  • Strategic advice is provided on items such as, the direction of the business and tax planning.

Property Risk

Industry: Manufacturing

Turnover: £2.5m

  • Client held all personal property in their business, representing significant risk.
  • We proposed, and implemented a revised Group structure to mitigate risk, whilst ensuring that unnecessary tax liabilities were not incurred.
  • We liaised with Corporate Lawyers in ensuring that all legal documentation was in line with ours, and the clients’ expectations.