As a growing business ourselves, we know how important it is to make sure you have the correct working capital to fund your future goals and expansion. We can help you with your yearly financial projections and cashflow forecasts, while our open, communicative approach to partnering with your business means we’ll ask for regular meetings with you and your funders to make sure you are hitting targets.
What does this service include?
This is critical for all businesses so that they can monitor performance and also set targets for what the business needs to achieve each year. Typically in the format of Profit & Loss, Balance Sheet and a Cash flow forecast.
Cash flow forecast
Links into financial projections and key for any business and financier to understand as this will be how they get repaid. We would also provide a detailed forecast showing the maximum utilisation of cash vs debt facility, which will highlight the crucial trends.
Regular meetings to discuss targets
Face to face meeting to go through projections vs actual performance, notes are drawn up summarising the business performance and then what needs to change going forward. Meetings of this nature are typically monthly or quarterly to ensure the detail remains current.
Meeting with funders
External funding via Bank’s to assist with working capital or expansion – debt will usually be in the form of an Overdraft, Loan, Invoice Discounting or Asset finance.
Straightforward genuine people who do what they say they will and carry out their business in a professional, hands-on and efficient manner. My first point of contact for anything financial.Tony Winder, TW Group Ltd
What sectors commonly use this service?
Just as we at Versa are more than just accountants, we understand the fluidity of the businesses we work with, and the vast array of sectors in which they operate.
Want to make an enquiry?
We value conversation and have built our businesses around it, so please don’t hesitate to get in touch. Whether it’s a business enquiry or just an obscure question you need help answering, we’d love to hear from you.