Financial Review
As a company we work with various financia linstitutions including banks and invoice financing companies in carrying financial reviews of their clients activities by drawing on over 30 years experience of working in the construction industry.
The construction industry does not have "stock", as is found in most other industries, but uses "work in progress", and can suffer from claims either against other parties or against themselves. These can make the evaluation of the accounts produced rather difficult for those without knowledge of the industry.
We can review the actual status of each individual contract to assess their profitability together with the likelihood of success on any claims whether notified or discovered during the review. All findings are documented in a detailed report submitted to the financier for his evaluation.
We can provide: -
- Reviews to assist decisions on requests for additional borrowing.
- Reviews to assist financiers when taking on new clients.
- Reviews to assist financiers on their clients current trading position.
- Regular reviews of the business activity either quarterly or half -yearly providing detailed reports to the financier.
- The early identification of likely problem contracts or claims to enable corrective action to be taken. This is applicable when carrying out regular quarterly reviews.
- Assistance, if required, in implementing any actions outlined in the reports.
- Provision and implementation of bespoke credit control systems.
Our aim is to provide any financier with a better understanding of the accounts so that future decisions can be made with confidence.