BUSINESS FORECASTING SERVICES

Understanding where you’re business will be financially in the future is invaluable information, we’re here to help make it possible.

GOING IN THE RIGHT DIRECTION

Business forecasts are used in many ways, such as understanding the viability of a new business venture or even to give investors an understanding of where their money will go. Although not a direct planning document, it will become a core part of projecting the financial performance of your business either as part of a business plan or just as a standalone document.

Once your financial forecast is in place, it is then vital that you stay on top of your cash flow, ensuring it stays in line with your forecast. We’re able to offer help and guidance, highlighting any early warning signs of your cash flow going off track and help get them back to where they need to be.

By working with us you can rest assured that we will be working hard to increase the attractiveness, functionality and profitability of your business.

Helpful Information

We’ve grouped together some helpful information below on business and cashflow forecasting. Simply click on each item to find out more…

When it comes to future expectations of their profit and loss, in our experience business owners tend to know their business inside and out. They know what margin they will make on each product or service that they offer and have a good understanding of their overheads. 

What business owners do not necessarily know inside and out though, is how and when changes (however small) to sales, purchases and other general business costs will affect their bank balance. Whether the impact is positive or negative, the phrase ‘turnover is vanity, profit is sanity and cash is king’ has never been so relevant than to the value of cashflow forecasting. 

In summary, good cashflow forecasting helps a business owner to: 

  • See when money is coming into / going out of the business 
  • Predict regular expenditure and plan ahead for cashflow bottlenecks. 

‘Three-way forecasting’  brings together your profit, balance sheet and cashflow data together into a single model and will be bespoke to your business. This data ‘link’ can give your business a fuller picture on the assets and expenditure that may not be captured in your cashflow analysis but appear elsewhere. 

  • It enables clients to make informed business decisions 
  • To plan for the future 
  • To compare their actuals with budgets on a regular basis to see why they are potentially under achieving, and what they can improve 
  • A cashflow forecast is imperative for businesses that want to grow. 
  • It can be used to increase profitability and reduce risk within businesses. 

Good cashflow forecasting starts with great management information. Here’s how we help business owners to develop reliable ‘near real-time’ business data for robust forecasting that feeds better business decisions:  

  • We get to know our client’s businesses inside out 
  • We sit down with them and go through their business and its processes in detail 
  • We obtain an understanding of how every single element of the business works together to provide the product/services that the client offers, and we analyse how this turns into cash 
  • We obtain an understanding from our clients of their future expectations and how they intend to achieve these 
  • We will also consider their current reporting to ensure it is useful to management and suggest improvements where necessary 

FIND YOUR LOCAL OFFICE

We have offices all over the UK. Click below to find yours.

Testimonials

“Very well organised and knowledgeable regarding our property letting business. I have already recommended friends to SKS Bailey and will continue to do so because in this business one size hat doesn’t fit all and a bespoke model can be adopted when consulted. Excellent.”
Mark Alldersea
Mark AllderseaHousing Freedom/ Alldersea Building Contracts
“The service provided by the SKS Bailey Group I have always found to be professional, efficient and friendly. They respond to my questions very promptly and thoroughly, and often go above and beyond in the level of service they provide to their clients.”
Carl Forman
Carl FormanFor-Ward Planning Consultancy Limited
“SKS Bailey Group provide wide ranging knowledge and expertise on all matters concerning tax, property and succession planning. I would highly recommend their service.”
Claire Payne
Claire PayneMaximum Property LLP
“Brilliant professional service delivered by friendly helpful staff, I would and will highly recommend to friends and colleagues.”
David Ede
David EdeBlackhall RAFA Association treasurer
“I have used SKS Bailey for many years now for my business accounts, payroll, and personal taxation. I have always been satisfied with their service and wouldn't hesitate to recommend them.”
Christopher Watson
Christopher WatsonExecutive Mortgage Solutions
“SKS Bailey Group have always provided a very good and efficient service for our business always there when we need them and we are very Happy working with them.”
Philip Walsh
Philip WalshPhilip & Martin Walsh
“SKS Bailey Group provide a very professional service very efficiently and the staff are very pleasant to deal with.”
Stephen Barley
Stephen BarleyMechelec Associates
“We have worked with the Bailey Group for a number of years with our group of companies. They really understand our tax planning needs, true property experts and very much helped with our relocation to Monaco. Highly recommended.”
Paul Smith
Paul SmithTouchstone Education
“Stapleton consultants , have pleasure in giving testament to SKS Bailey Group in providing services that are essential to allow the business to run smoothly, knowing the financial accounts are in safe hands.”
John Palmer
John PalmerStapleton Consultants Ltd
“High quality, long lasting service, always very pleased. Above and beyond what is required.”
Stephen Grigg
Stephen GriggScunthorpe
“They provide excellent service, are friendly very professional and make me as a customer feel valued.”
Margaret Eadsforth
Margaret EadsforthPrivate Client
“SKS Bailey have a strong insight into property tax matters and capital allowances. They are very knowledgable.”
Paul Smith
Paul SmithBurnden Park Ltd/LLP
“My wife and I have been using the services of SKS Bailey Group and its previous company for 5 years. We have been delighted with their service and reliability, particularly their accountancy department and associated services.”
Richard Blass
Richard BlassBlass Family Partnership LLP
"All the staff i've dealt with have exceeded expectation. Always dealt with enquiries etc on the day and never had any problems contacting the person i've needed to speak to. Great service!"
Neil Mackechnie
Neil MackechnieWingate Farm Services Limited
"As a total novice to self employment Bailey Group provided the support and confidence essential to making the right decisions and financial judgements."
Brian Chape
Brian ChapeChape Support Services
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