Purely Financial has a track record in undertaking assurance reviews covering a business either as a whole or in part, usually as a result of a customer being uncertain about underlying performance of an existing business or requiring review of a business prior to a transaction. Our review process is structured to quickly provide a high level assurance or identify significant issues that require further work and resolution. Recent assignments include a full review of a Plant Hire business and a review of stock accounting within an Infrastructure business.
Purely Financial is often asked to resolve business critical problems; a lack of cash, unexpected profitability fluctuations or cost issues are the main drivers for our involvement. We quickly diagnose the root cause of the problem, formulate and agree an action plan and very often oversee its implementation. Recent examples include a business that was forecast to exceed its banking facilities by £1m in the next 6 weeks. Purely Financial identified the source of the cash issue in 2 days; developed an action plan; agreed with customers, suppliers and the Board;implemented the action plan and fully resolved the cash issue improving the forecasted cash position by £2m in 6 weeks.
Another example is an Infrastructure business where Purely Financial fully identified the scale of cost issues and worked with the business to reshape organisational structure and implement new cost controls.
Purely Financial has undertaken a number of assignments to reduce operating costs whilst at the same time maintaining or enhancing revenues. Purely Financial helped one organisation with a high fixed cost base and significant loan repayments to expand a profitable revenue stream whilst at the same time dramatically reducing back office roles and simplifying processes achieving annual cost savings in excess of £300k.
