Background: The company had just taken over a competitor business, doubling its size overnight. It had relocated to allow the two businesses to be co-located and had lost key finance staff as a result of the move. In addition to this, immediately prior to the acquisition, the business had undergone a G/L implementation that had…
May Figures generated an increase in an R&D cash refund from £550,000 to £680,000 despite the original claim being rejected by HMRC. A leading health service provider under professional guidance filed a claim for an R&D Tax Credit cash refund of £550k. The claim was based on £1m of payroll costs. HMRC were appropriately questioning of the change…
Business Issue: Beechbrook Capital enlisted EFM’s services due to their increasing concerns of using the traditional financial due diligence reports being produced by the “top” accountancy practices. Their opinion was that the methods used by these practices were still being produced in the same format for the last 15 years or so, the reports were…
Business Issue: A retail chain in Ireland was losing money and had run into cashflow problems. Their suppliers were no longer prepared to supply goods on credit and all purchases had to be paid for in cash before delivery. The company’s staff retention had also become a major problem. Background: The retail firm owned and…
Background: Many businesses reach a stage in their growth, where, due to scarce resources, growth is restricted. Often that resource is cash, but interestingly in this case it wasn’t, it was the MD’s time. The MD was inextricably involved in the majority of transactions, had no time to work on growing the company and preparing…
Business Issue: The owners had a stand alone European Student Development business, when the group Financial Controller left it came to light that there were a lot of accounting issues for this group and that there was little understanding of its cash needs as well as where each of the European entities was in terms…
Background: Three years ago, a global manufacturing company needed a Financial Controller to cover a period of prolonged absence. Tracy Lewis from the EFM network was hired for the three-month contract. Tracy is a very experienced Financial Controller with 20 years in industry and lectures in Finance and Management. During the contract, Tracy collated and presented…
Background: Start-up business had successfully raised enough capital to start trading as a start-up investment bank in a new jurisdiction, although other parts of the group have been operating for a little under 2 years. Financials were required for regulatory license approval in addition to an updated business plan, 5 year financial projections, capital planning,…
Business Issue: Prepare a business plan for the re-launch of the business, an iconic amphibious tour operator on the River Thames, for a Venture Capital partner interested in using this re-launch as a springboard for further investments in this sector Background: The business had operated successfully until September 2017 when Thames Water exercised a compulsory…
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