Purely Financial has developed its own budgeting and forecasting methodology built upon a thorough understanding of the Construction sector and trends and seasonality. Forecast changes to trend are critically examined along with action plans to deliver the change in performance.
Purely Financial was asked to examine in-house cash flow forecasts for a particular company. The company's Finance Director's forecasts showed that the cash balance would build over the coming period. However, the company's owner had been regularly injecting capital and had lost confidence in the forecasts. Purely Financials reforecast showed that the business would run out of cash in 6 months. An overhead cost saving programme was implemented by Purely Financial and our forecasting process is now embedded in the business. As a result of the cost savings and focus on cash the business has now become cash self-sufficient no longer requiring injections of capital from the owner.
We develop bespoke forecast and budget models. We have developed and implemented a full budget model for a National Repairs and Maintenance business. This model allowed budget owners to input into the budget process for the first time.
