Benchmarking

Benchmarking allows you to compare the performance of your business with that of other companies in the same industry. Every business can benefit from benchmarking, which takes into account business costs (utility bills, salaries etc.), key performance indicators (KPIs), processes and strategy.

  • Pinpoints where cost savings can be made

  • Identifies processes/technologies/production techniques that could be applied to your business

  • Highlights opportunities for improvement at a strategic level

  • You’ll get an unbiased financial opinion

Want to understand how you can work smarter? We will:

  • Take the time to understand what you want to achieve from a benchmarking exercise

  • Collect all relevant data and document existing processes

  • Identify benchmarking partners

  • Produce a detailed report of findings

Business Performance Comparison

Changing market conditions mean that it is essential to monitor the performance of your business regularly. A business performance comparison will take account of both financial (e.g. KPIs) and non-financial indicators (e.g. SWOT Analysis) to gauge your business’s performance against key objectives and to flag up any aspect of your business that could be improved.

Cashflow – compare your forecasted sales and profits against your costs to highlight any problems before they arise

Profitability – highlight areas for growth as well as underperforming aspects of your business

Accounting Ratios – discover whether your business has sufficient assets to cover its liabilities

Staff – consider how well your staff are meeting their targets, reflecting the values and ethos of your business, adhering to protocol etc.

Customers – measure your customer retention, identify your customers’ changing needs and any improvements to your product or service

Benchmarking – measure your company’s performance against its competitors

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Business Planning and Forecasting

Business planning and forecasting determines and details a company’s short-term and long-term financial goals. Planning establishes the company’s financial direction for the next three to five years, and budgeting documents how the plan will be executed, detailing the necessary expenditures. Forecasting uses historical data to predict financial outcomes. Forecasting helps to inform decisions about the scheduling of key resources.

We can support and assist you in creating business plans, budgets and forecasts to help you grow your business.

Tax Planning

Tax planning is a key part of any financial plan and seeks to minimise tax liability by working in the most tax-efficient manner possible. It can take account of all the taxes you pay as a business, such as corporate tax, foreign tax, dividend and year-end tax.

There are many ways to reduce your tax liability and it benefits most companies to understand what these are.

Our tax planning service will help you lower your amount of taxable income by considering the best use of all deductions, exemptions, exclusions, concessions, rebates and available allowances. You can then invest your tax savings in the business to help achieve your goals.

There are always new tax laws, so regular reviews are essential.

Want to know more about how we can help you? Contact us today on 020 3700 6715