You know where the business has been, and maybe where it is now, but do you know where it is going ?

For many SME’s the only way owner managers and directors become formally aware of the state of the company is when the annual accounts are produced, and also periodic management accounts give some guidance but it is all historic information. Forecasting is a technique not often carried out except on an annual basis to produce a budget.

Unfortunately, with the failure of the banking system and the subsequent recession it meant that cash flow forecasting and funding in general became critical path issues, and continue to be so for all businesses.  In some instances the attention of senior management is diverted away from the commercial and operational activities that drive sales and margin with finance staff becoming more transactionally focused. In some instances this can lead to a resource gap with companies not having the time or staff with the skill set to assist in re-evaluating strategy, updating business plans or implementing restructuring of the business for the future.

A part-time or interim finance resource could be the solution in the short-term to benchmark the business and assist senior management in re-focusing forward looking strategy.

For more information on how Ascent FD could assist your business please contact Alastair on 07775 658 835