The following case studies are just a few examples of how Kingsmere Financial Directors have helped our clients.
As well as working on a regular basis and becoming part of your senior team, we can also focus on specific standalone projects.
The Process
Geoff carried out a root and branch review of its operations, assessing individual and departmental performance as well as overhead control.
The Result
The conclusions and measures suggested bought sufficient time to enable the firm to restructure and carry on trading profitably before being sold to a third party.
The Process
Bob engaged with the client business to agree a brief then proceeded to incorporate the new UK entity & source expert input from Employment Lawyers, Commercial Lawyers, external Auditors and IT supply and support organisations to create sound foundations
The Result
Bob remains engaged in a general managerial and FD support role, and in their third year of operation, the UK business is set to hit £15m of profitable & cash generative turnover.
The Process
Our client, a sports business, engaged Alister to produce a financial forecasting model to allow them to review different scenarios, to help assess profitability and support investment decisions.
The Result
The business has now developed a budget to allow it to achieve break-even. Subsequent to this initial engagement, we were asked to produce a Socio-Economic Report to support a building planning application. Planning permission was granted to the club in 2021.
Harriet managed the selection and implementation of a new planning and reporting system; scope included requirements gathering, vendor demonstrations, system selection, designing the new planning model, setting-up processes, conducted testing, system cut-over, and user training.
The Process
Geoff reviewed alternative structures from financial, legal and cultural perspectives, and produced five-year financial models to support each option. We determined that a Limited Liability Company was the preferred option.
The Result
New company set up; smooth transition from LLP to new vehicle.
The Process
Bob was engaged by a retail client who had breached the VAT threshold & had applied for retrospective VAT registration. The project involved forecasting future revenue and the impact of accounting for VAT.
The Result
The client was able to clearly see how much historical VAT was owed under the most appropriate Flat Rate VAT scheme and what their business needed to achieve in revenue terms to ensure future profitability and cash generation.
The Process
Alister's client, an educational supplies designer and distributor, had been operating from a small administration office, and had outsourced their product warehousing and inventory management. To support their plans to acquire their own warehouse and create a head office, we identified financing and grant assistance available for the business.
The Result
We advised on and supported their applications for £230,000 of new financing and the successful award of £76,000 of grant assistance.
Harriet formed part of the core team working on the dual-stream exit strategy (private sale and IPO) resulting in the successful sale of the company; owned the 5-year financial plan, which formed the basis of the valuation.
The Process
Geoff reviewed existing procedures and assessed staff capabilities. He restructured the department and utilised the full capabilities of a Practice Management system.
The Result
Monthly suite of management reports for Executive, Partners and Fee-Earners to support proactive working capital management.
The Process
The business designs, manufacturers and supplies a range of patented specialist medical devices and has traded for 20 years. As part of their ongoing product development programme, they were developing a next-generation portable product.
The Result
Alister's review and advice provided the business with a £115,000 reduction of their Corporation Tax payable.
The Process
Alister's client had operated as a sole trader for a number of years, building and extending properties.
The Result
We recommended that the business be Incorporated, the result of which was to reduce the margin tax rate on profits from 49% to 27.5%. In addition, by performing a detailed review of the Business, we agreed the use and application of Incorporation Relief with HMRC, resulting in a significant additional saving in Tax.
The Process
Alister was introduced to this business by a tax practice, who understood the business was planning to make significant investment into improving their operations. We quickly identified that the business was located in an eligible area, and their planned investment was likely to qualify for Grant Assistance.
The Result
Resultant of our advice and support through the 2-stage application process, the business secured the maximum available grant of €200,000 (£177,000) towards the purchase of a major new item of machinery.
Harriet conducted an analysis of the geographic footprint of a manufacturing organisation to determine the impact of any facility sales, consolidations or expansions would have on the company valuation; and prepared a business case to support the closure of a facility which was approved by the Board.
The Process
Geoff examined the background of issues involved, then negotiated with HMRC to reduce the amount owed and arrange a repayment structure.
The Result
Successfully agreed a payment plan which enabled the Client to manage cashflow for the additional requirement, without adversely affecting operational performance.
The Process
Geoff formed a Project Group representing each of the Firm’s departments, reviewed available systems and produced a shortlist which led to selection of successful provider. A project plan involving rigorous testing and parallel run procedures was established. Geoff also coordinated all aspects of the installation.
The Result
Successful installation of new system, one benefit of which was that all Fee-Earners had their month-end reports delivered to their individual printers automatically on the first morning of the new month.
The Process
Bob’s client had developed leading edge technology in their sector and had successfully nurtured a significant project sales pipeline. Discussions had been opened with lenders but forecasting was needed to underpin the loan applications.
The Result
Sophisticated forecasts incorporating “what if” scenarios were produced swiftly & funding was successfully achieved.
The Process
An client involved in specialist R&D services had successfully won a large Innovate UK grant involving quarterly claims in arrears. Whilst overall this was hugely important to the company, it presented short-term cashflow pressure.
The Result
Bob sourced an innovating funding solution whereby the loan was provided against future grant payments receivable.
Harriet identified and implemented the optimal finance organisational structure to move the organisation from a decentralised model to an integrated global finance team; was retained to build and lead the business planning team of 15.