Take your business to the next level with these key business growth services

At Londongate Accountancy Ltd we strive for excellence, we understand business needs differ from one company to the next and that’s why we offer bespoke services tailored specifically to your needs.

Monthly management reports and KPI’s

Every business is different, so at Londongate we will examine all financial aspects of your company to deliver a tailored financial plan and set key performance indicators unique to your business. By outlining key performance indicators, we set the bar for your company’s success and guarantee that any financial issues are addressed right away, keeping your business and its finances on track.

Cash flow forecasting

Londongate Accountancy will prepare an accurate cashflow forecast to indicate any expected cash shortfalls or surpluses, and to gauge your business’s projected income and expenses. Forecasts can be customised to suit your needs, and can cover periods in the short term, like the next week or month, or the long term, like the next 12 months.
If a business runs out of cash and is not able to obtain new finance, it will become insolvent. It is no excuse for management to claim that they didn’t see a cash flow crisis coming. So in business, “cash is king”. Cash flow is the life-blood of all businesses – particularly start-ups and small enterprises. As a result, it is essential that management forecast (predict) what is going to happen to cash flow to make sure the business has enough to survive.

Here are the key reasons why a cash flow forecast is so important:

• Identify potential shortfalls in cash balances in advance – think of the cash flow forecast as an ”early warning system”. This is, by far, the most important reason for a cash flow forecast.
• Make sure that the business can afford to pay suppliers and employees. Suppliers who don’t get paid will soon stop supplying the business; it is even worse if employees are not paid on time.
• Spot problems with customer payments – preparing the forecast encourages the business to look at how quickly customers are paying their debts. Note – this is not really a problem for businesses (like retailers) that take most of their sales in cash/credit cards at the point of sale.
• As an important discipline of financial planning – the cash flow forecast is an important management process, similar to preparing business budgets.
• External stakeholders such as banks may require a regular forecast. Certainly if the business has a bank loan, the bank will want to look at cash flow forecasts at regular intervals.

Monthly meetings

We also hold monthly meetings as key performance indicator check-ins, to provide custom financial advice and review your targets, cashflow and reports, keeping you on track with your financial objectives. At these meetings we can discuss current performance, forecast and any remediation plans.

Credit control

Credit control is key for keeping up a healthy cashflow, so Londongate Accountancy will set up a simple and effective credit control system for your business, allowing you to avoid cashflow problems due to late payments. To prevent your business from accumulating debts to cover overheads, we’ll also politely chase up any unpaid invoices, implement a streamlined invoicing system, and create bespoke letter templates for you to follow up with customers.

Finance outsourcing

If outsourcing your accounting to Londongate, we’ll handle all aspects of your business’s accounts while acting as your company’s virtual finance department. In addition to meeting all your company’s accounting needs, we’ll also provide virtual email and telephone services, saving you the expense of having an in-house finance department. As a virtual finance department, we can also easily adapt to the changing needs of your business as it expands and evolves.

Advisory services

Some examples of bespoke services provided:

• Valuations
• Selling a business
• Sale and purchase of business
• Performing due diligence