This year seems to be the year of shortages – petrol, food, toys– when will it end? But it’s the skills shortage that has been front of mind in many UK and Irish businesses since long before the pandemic – and finance is a key area of concern in this respect. As far back…
An increasing number of SMEs are able to grow whilst keeping a careful eye on overheads by using the flexibility and agility of insourcing key functions such as financial management. Routine finance and accounting services such as payroll and bookkeeping are regularly outsourced, but increasingly the more commercial areas of financial management, such as the…
Blog article from our Associate Finance Director Simon Finbery. Cost Control – “A budgeted cost is certain, budgeted income is uncertain”. These were the wise words shared with me early in my career, and they ring true today whether I’m putting together a budget or business plan. While of course a business needs to invest…
EFM associate Neil Outram shares his story of founding a business, an experience that enables him to deliver the most practical and commercial support to entrepreneurs as their finance director. In this first article, Neil explains the process he followed in acquiring The Little Gym franchise and growing the business during its first 12 months…
About Martin… A career spanning property, construction and banking sectors operating in a CFO/COO capacity. Significant experience in dealing with the challenges that both rapid growth and organisational change pose to an organisation whilst maintaining a focused commercial mindset. A qualified FCCA by profession, Martin has worked internationally and has significant experience in driving efficiencies…
If so, put EFM’s turnaround experts in your corner, says Pat Lavelle, EFM business turnaround specialist After more than 12 months major disruption, many companies are looking forward to getting back to some degree of normality. But as a result of the pandemic, or longer-term underlying business health issues, many businesses’ ‘new normal’ is a…
Many congratulations to our EFM Associate Finance Director, Tony Williams, on your recent client feedback. “It has to be said that not all heroes wear capes. For me Tony is approachable and has the ability to convey the information in layman’s terms. I think the key thing with Tony is that he puts things into…
The UK’s hospitality and leisure sector has been severely damaged by the pandemic in a number of ways, including the ‘stop-start’ nature of lockdowns. There may be a high level of pent-up demand for restaurants, bars and hotels once ‘normality’ returns. But will our old favourites still be there? Managing Director, Graham Randall, one of…
Due to the current climate, business owners across the UK and Ireland, are likely to have had to make staff cuts including reducing finance team headcount in order to keep their businesses afloat. When you’re trying to save every ounce of cash in the business, and business volumes are under pressure, aligning people resource to the new activity level and transferring fixed costs into variable costs will help you to…
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