Brief:
Company engaged us to carry out a strategic review/business audit; their profit was in decline after the expansion of their product range. Having run a successful business for 10 years focusing on baby/toddler products, they decided to expand into the toy market as they watched their growing child engage with toys. They believed they could do better than their competitors in the new field.
Findings:
A business audit led to an in-depth understanding of the business, including their cost base, revenue by product and profit by product.
Recommendations & actions taken:
Results:
Brief:
Company engaged us to review the financial information available to them as they found the information difficult to interpret, inadequate for making decisions and, therefore, not meaningful. The financial information presented a very different picture to that painted by cash in bank.
Findings:
Having gained an understanding of the business operation, we inspected all financial information available, both systems-generated and that provided by their accountant. We found the financial information to be:
Recommendations & actions taken:
Results:
Brief:
Company generates c60% of its sales from mainland Europe and was concerned about the impact of Brexit on the business. We were engaged to identify the likely implications and implement actions to mitigate the risk to the business.
Findings:
Having gained an understanding of the business operation and on speaking with key partners, we identified a potential risk to the business losing c75% of its European business when Brexit is concluded.
Recommendations & actions taken:
Results:
Brief:
Company is a brand with three products managed by a distributor under a traditional distribution model. After five years, the company developed new products to enhance their range within the market and wanted to take back control of their brand. The owners engaged us to take them out of distribution and create a framework for them to manage their brand themselves.
Findings:
The time was ripe for the business to come out of Distribution. The company needed the profit from the three products to contribute to funding the change in operations. The brand had the potential to develop a cohesive range to establish themselves as a dominant brand in the marketplace.
Actions taken:
Results:
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