Nicholsons, a member of The Corporate Finance Network based in three offices across Lincolnshire, supported a client which was a healthcare services provider, that had lower profits than the directors expected and was struggling for cashflow.
Richard reviewed the situation and provided some strategic advice. This included arranging for a “Time to Pay” with HMRC for tax arrears which took the immediate pressure off the business owners.
This then gave them the ability and confidence to focus on the wider business model. They were encouraged by Richard to review staff costs, streamlining human resources where possible, and organise their booking system so that they could be more productive.
This has resulted in a much more profitable business, stronger cashflow and directors who now have renewed enthusiasm to continue to grow the company.
