Business Advisory Services in Yorkshire

In the modern world, business is constantly changing, with technology having a huge influence on the complexity of running a successful company. Aspects like data analytics, artificial intelligence and digital Tax are just a few of the factors that have led to many requiring business advisory services to lend a guiding hand with all these extra responsibilities.

Far from representing just compliance or accountancy advisory services, Lloyd Dowson business advisory services also provide you with the strategic guidance to help you grow your business. With our experts on your side, we can help navigate you through any business and tax legislation that is holding you back.

We have years of experience in providing the assistance that our clients need to run successful businesses, so we completely understand what it takes.

Business Advice

There’s never been a greater need for business advisory services. Complicated laws, ever-changing regulations, increased competition, and the impact of technology make this kind of guidance something of a must.

What Do Accounting Advisory Services Include?

Lloyd Dowson accounting advisory services involve providing you with financial insight and strategic business guidance that helps to guide you through your day-to-day planning and decision making. With us by your side, you’ll have all the financial expertise you need to make decisions that lead to positive outcomes.

Our accounting advisory services can provide assistance with all associated disciplines such as cash flow, payroll and more.

Some of the business advisory services we offer include:

Strategy

A strategic plan is the first step towards moving your business away from being dependent on its owners and towards a fully systemised, profitable operation. At Lloyd Dowson our aim is to help you envisage what your business will be like when it’s fully “complete”.

We spend the necessary time to understand your business, covering important factors, like:

• The business owners’ personal objectives
• Your business’s strategic plan
• A five-year summary of financials
• Value pricing opportunities
• Unique selling points of the business
• Exit routes and business value

This element of our business advisory services allows us to gain a consensus on key issues and create strategies to address them. In addition to clearly defining your priorities, this step also clarifies the capacity for and commitment to strategy implementation, improved cooperation with your teams and more effective management control of your strategic initiatives.

Please contact us on Bridlington 01262 602456 or Scarborough 01723 361039 if you would like to discuss your business strategy.

Management Information

Cash flow planning and forecasting is key to lowering financial stress. Here are some of the key benefits provided by effective forward planning:

• You get a detailed picture of where the money is coming from – something that’s particularly useful if you have more than one source of income
• You also get a clear idea of where your money is going
• It provides you with a simple way to compare your real cash flow against your forecast
• Removes the element of uncertainty, as with a firm grip of your cash flow, you can see the effect of an expenditure decision before it’s been made
• Demonstrates the fluctuations of your cash flow during the financial year
• Highlights potential funding gaps/problem areas in expenditure, helping you to prioritise and plan the timing of larger purchases
• An understanding of where you really are against turnover and profit targets
• Quicker decisions can be made during turbulent times

Our most profitable clients at Lloyd Dowson all plan. Contact us on Bridlington 01262 602456 or Scarborough 01723 361039 if you would like projections to help grow your business.

Specialist Areas

The Lloyd Dowson tax and business advisory services team also has a wealth of experience in specialist areas to include the following.

Business Start-ups 

If you are thinking of starting a business, then our business advisory services can help you in the following ways:

• In business plan preparation and the sourcing of appropriate finance
• By providing extensive local area knowledge to assist you with identifying appropriate business premises
• Through the establishment of a marketing programme and marketing advice to help you build your business
• By offering HR services in the form of employment contracts and employment law advice

Business Expansion 

If you are wanting to grow your business, then we have the expertise at Lloyd Dowson to help you:

• Review your existing management structure
• In the sourcing of finance
• Establish your unique selling points (USPs) and quantify sector opportunities
• Look for ways to sell more products to your existing customer base

Management Buyouts

Considering a management buyout? Lloyd Dowson can help you to determine the capabilities of the existing team and establish interest. We can also assist with process implementation and offer advice and support along the way.

Mergers/Acquisitions 

Involved in a merger or acquisition? We can help to establish options for founders’ retirements and assist you with the implementation of the most appropriate route.

Internal Continuity 

Looking to develop internal continuity? Then it’s going to involve a review of both the existing and next-generation, as well as merging with a similar business or a business with similar expertise to ensure continuity and growth.

External Sale 

Should you be wanting to sell your business, then Lloyd Dowson can help:

• Establish a business value 
• Identify potential buyers
• Offering your business into the open marketplace
• Support you with expert advice to ensure a successful outcome

If you require support or advice with any of the above business advisory services, then please get in touch on Bridlington 01262 602456 or Scarborough 01723 361039.