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Financial health Check
There are many business people that are currently talking about the economic downturn and the effect that it is having on local businesses. There have been many conversations about the measures that could be put in order to support local businesses. As a result Business Link Yorkshire has created a £1.4 million package to support local companies.
After rigorous vetting Yorkshire Accountancy has been selected to be a part of this scheme. As such they are now able provide targeted support for businesses based in Hull, Leeds or indeed anywhere in Yorkshire. These businesses are being encouraged to contact Yorkshire Accountancy to arrange a FREE 'financial health check'.
The current economic climate has left many local businesses facing numerous challenges. There are no two days in business which are the same during the recession. Consequently it is vitally important that businesses access business support.
Financial health checks are the first step towards securing additional help and support to move your business forward. A financial health check centres on:
- Operational costs
- Revenue
- Cash flow
- Performance
- Taxation matters
What is the purpose of a financial health check?
The purpose of a health check is to help business to survive the economic downturn and prepare for when the economy starts to improve. We understand that anyone running a business requires additional support and information.
Health checks have been designed to enable businesses to access specialist help from a team of experienced accountants. During the process we will take into account strategic issues that impact directly or indirectly on current and future performance of the business. After the completion of a financial health check any information gathered will be used to enable business to access a vast range of pick and mix services based on their specific requirements.
There are two levels of service:-
- A light financial health check
- An in depth health check
Business owners or senior management teams can lead on financial health checks. The process is interactive and can either be completed online or face to face.
What will I receive after a financial health check has been completed?
Everyone that completes a health check will be provided with:-
- A detailed written report containing recommendations
- A financial action plan
- Advice on revenue performance
- Advice on working capital structure
It is a tool that no business can afford to be without. Appointments are flexible and can be arranged in to suit the business. It is vitally important that all businesses have a robust financial plan in place. The objective of our advice and support is to ensure that your business is able to improve performance and profitability.
Criteria
If you are a business based in Hull, Leeds or Yorkshire that has been running for more than a year and employs staff you will be eligible to receive support. Why not contact Yorkshire Accountancy to arrange an appointment.
