Business Plans & Cashflows
As well as your business plan, a set of financial statements detailing your cashflow is essential for businesses large and small.
Having a business plan offers benefits to both the management team and its advisers.
- Assist in the drafting of the business plan and cash flow forecast
- Undertake sensitivity analysis upon the forecasts
- Discuss with the Board and make recommendations on the required facilities
- Assist in placing funding applications
As a leading firm of Chartered Accountants in Essex, Lambert Chapman LLP
Many people think that a business plan has to be a weighty document and don’t write one because they have not got the available time to prepare it.
We don’t agree. A Plan can take many forms.
Partner Nick Forsyth
But it doesn’t stop there. Information changes plans so regular reviews are required to update things so that the plan does not lose its relevance. We can help you
Identifying Key Performance Indicators (KPI’s) to include within the financial aspects of the document is an important part of the process. Having done so we can use these to prepare a broad brush forecast so that you can see the level of funding required to provide your working capital.
There are times when a more detailed plan is required. A finance application with your bankers is one such occasion. Our staff
The cashflow forecast will be an important part of this process. Our software allows a multi year profit and loss, balance sheet and cashflows to be prepared and allows us to identify the level of finance required and headroom available to an agreed limit. We are also able to undertake some sensitivity on your plans – before your lender does – to assess the implications of you not making your sales targets or staying within your budgeted costs.
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An important saying in business is that ‘cash is king’ as a company can be profitable but can still run out of cash. Profits should ultimately produce cash but there can be significant delays in this being realised and therefore managing cashflow is essential to...
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