Business Services

Benchmarking

Have you ever wondered how your business performs compared to your competitors? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? What is the average bottom line of your competitors?

Survival in today's business climate requires you to spend more time working on your business rather than in the business.

We can provide you with accurate, timely and informative benchmarking reports - allowing you to:

• See how your business compares against your competitors
• Understand how the rest of your industry works
• Analyse the key performance indicators of your industry

Armed with this information, we'll work with you to develop action strategies to improve your bottom line.

Accounting

Modern business demands up to date accurate financial information.

We can relieve you and your staff of an enormous burden by taking care of all your accounting needs, including the preparation of your annual accounts and periodic management accounts for tax, business appraisal and planning purposes.

We will discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.

Budgeting

A good budget is a necessity in a good business plan. It is one of the best business tools we have, allowing us to set financial targets and measure our performance.

The techniques we utilise in the formation of financial projections will allow you to consider future scenarios and give you goals to strive for in your business.

In addition to goal setting value, budgets will often improve your chances of acquiring funding as financiers often require forecasts as a prerequisite for funding approval. Cashflow forecasting is a vital part of ensuring your business will always have the cash it needs, because profits do not pay bills - cash does.

There are many types of budgets and we can help you design the right budget for your needs and requirements. Let us show you how a budget and a cashflow forecast are able to provide feedback to allow you to prepare for the future of your business.

Business Start-up

Let us help you turn your business idea into a reality.

If you have a good idea for a new business venture but don't have expertise in the legal or financial aspects of creating a new business, we can help you:

• Decide on the most suitable structure for your business - sole trader, partnership, trust, or limited liability company
• Prepare a business plan, cashflow projections, budgets, and trading forecasts
• Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
• Establish a good working relationship with your bank
• Complete any registration procedures with Companies Office, Inland Revenue, or Customs and Excise
• Deal with company secretarial issues
• Set up a recording system for your internal use and for complying with statutory requirements

Cashflow Forecasting

Have you ever wondered if you are holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all expenses every month?

Survival in today's business climate requires you to spend more time working on your business rather than in the business.

We can provide you with accurate, timely and informative cashflow forecasting reports - allowing you to:

• Realise and understand when cash is available
• Plan and prepare for expansion, stock control, and taxes
• Analyse and anticipate key expenses

Armed with this information, we'll work with you to develop action strategies to improve your bottom line.

Financing

A wide range of financing options exist, all with their pros and cons. At Bright Wild & Thomas, we know the financial market, and have the experience to assist you in securing the best financing option for your personal and business goals. Our experience in the market means we are also able to structure debt upon acquisition to maximise tax advantages.

Let our experienced team explore with you the best financing options to get your business closer to its goals.

Management Consulting

Our aim is to ensure your business achieves the potential it is capable of. We have the know-how and experience to offer advice to help you run your business more effectively.

We are practiced in acting as a sounding board for management, bringing to the relationship years of experience in business growth. We can identify key performance indicators in your business, through which you will see the positive changes occurring with the help of our professional consultants.

We are able to check your business is as competitive, focused and profitable as it can be. We then offer flexible strategies, designed to address the issues affecting your business.

Let us give your business a health check. Take the practical advice we can give to ensure the continual success of your venture.

Office Duties

Here at Bright Wild Thomas & Lee we understand the day to day office duties are not everyones cup of tea. To this end we are happy to help out with some or all of the following services:

• Wages Processing
• Payment and processing of creditors
• Collection and banking of debtors
• Various secretarial tasks
• Training in Office duties

Payroll Services

Administering your payroll can be time-consuming and divert you from the core activities of your business. Payroll & employment legislation is growing increasingly complex.

We can relieve you of this burden by providing a comprehensive and confidential payroll service, including:

• Customised payslips
• Administration of PAYE, statutory sick pay, annual leave etc
• IR-Filing to the IRD
• Summaries and analyses of staff costs
• Administration of incentive schemes, bonuses and termination payments

Even if you have only a few employees, you will make savings by engaging us to administer your payroll.

Strategic Planning

The pressures of daily business can often mean strategic planning takes a back seat - but to have a successful business you must plan ahead.

We'll help you establish a strategic plan that looks at where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.

Your strategic plan will:

• Define the characteristics of your company in three to five years
• Identify your competitors
• Define your objectives and financial goals
• Put in place an effective implementation plan to achieve your goals