Business Management Advice

Gardiner Reaney Services

Successfully managing a business requires much more than the effort and commitment of the proprietor. Access to professional, timely advice, and the backup of efficient management systems are critical to any business’s success.

As business decision-making can be a difficult process, an independent, objective sounding board for ideas is invaluable. It pays to get informed practical advice to make the most of business opportunities and address problematic issues.

Gardiner Reaney assesses the performance of all aspects of our clients’ business and helps them put in place the best strategies for ongoing success.

We provide assistance with the preparation of detailed budgets, forecasts and cash flow projections, and make recommendations on profit improvement and financing alternatives.

Gardiner Reaney Ltd helps maximise the performance of businesses through:

  • Business, Strategic & Succession Planning
  • Nurturing New Start-Ups
  • Business Valuations
  • Budgets, Forecasts & Cashflows
  • Due Diligence
  • Analysis of Key Performance Indicators (KPIs)
  • Workouts & Insolvency
  • Buying & Selling Advice
  • Trusts & Estates
  • Charitable Trusts

There comes a time when every business needs to plan for their future. And it is precisely at these moments that a dispassionate, expert view from the outside of your operation can be invaluable. One of the things that can facilitate this is a sound business plan. And a good strategic plan is paramount for when it comes time to sell or pass on a business.

Our process provides proven techniques to help guide your business to success. We encompass the entire spectrum of planning, and you get to choose the start point – whether that’s defining a vision, setting missions and goals, or constructing a formal process to structure decision making, evaluate progress and report and manage performance.

Gardiner Reaney’s staff are also experienced experts at ensuring the transition from retiring owners to new owners, or selling on a business at any point, is as painless as possible for everyone concerned, including staff and family.

Starting up a new business is an exciting journey, but it can also be a very daunting experience. At Gardiner Reaney we help get things started, to ensure the establishment of great systems with a proper understanding about the do’s & dont’s of setting up a new venture.

CLICK HERE FOR MORE INFORMATION ON STARTING UP A BUSINESS 

We provide business valuations in a wide range of situations from small-to-medium enterprises to larger, privately owned businesses. We can help with:

  • Purchasing or taking over a new business
  • Exiting or restructuring an existing business
  • Implementing a succession plan
  • An independent view on banking and other financial institutions

Do you know if your business is generating enough cash to cover your outgoings? Because for a business to grow and survive in today’s economic climate having a budget and forecast in place are vital tools to ensure success.

Preparing a cash flow forecast and budget provides an opportunity to see where money is coming from and where it’s going. While many people assume budgets and forecasts mean the same thing, they are in fact quite different:

  • Budget – an estimate of costs and revenues over a specific period (often 12 months) set before the start of the period. Budgets help control a business’s (http://toolkit.smallbiz.nsw.gov.au/chapter/6/27) cash flow. Budgets are also used as a plan of action for achieving business objectives, and to measure performance.
  • Forecast – a cash flow forecast is an estimate of future figures based on past data and experience. By looking at what was made last year, an estimate and forecast can be formed based on upcoming market conditions.

In effect, budgets and forecasts set out the financial expectations of a business. They also help to guide the decision-making: where the business will invest its resources; (inventory, staff, plant and equipment) and; predict business results.

Gardiner Reaney create budgets and forecasts for our clients’ specific needs and requirements.

When buying a business it’s important to objectively assess the financial performance and position of the business prior to making an unconditional offer. The process of financial due diligence can be complex so …

  • Have you asked the right questions or do you even know the right questions?
  • Do you have enough information to provide comfort that the results are not inflated and are sustainable?
  • Have you accessed information in an efficient timeframe?
  • Have you considered the impact of the existing owner(s) exit and taken this into account?

Gardiner Reaney know the right questions to ask about information and records. We also know how to sight and analyse this data, and the right people to speak to about making a decision.

We provide a comprehensive financial due diligence report, which provides a comprehensive analysis of financial performance, position and commentary on the operation’s controls, processes and systems.

The level of work performed and areas covered is tailored to the specific circumstances of your transaction.

If you’re planning to undertake your own due diligence, we can also provide assistance on areas outside your expertise.

In addition to obtaining financial advice you should also seek legal and operational advice prior to any offer.

KPIs (Key Performance Indicators) measure progress towards specific goals. Different areas of a business will use KPIs for different purposes. Getting insight into your business and acting on that insight can have a huge impact. KPIs are measurable and quantifiable so it’s easy to produce numbers that show how a business is performing.

KPIs help to simplify complex data into easily understood formats, which can aid the decision making process. They also enhance employee focus by giving clear targets employees can understand and aim for.

We help analyse data to monitor certain areas of a business that may require further investigation – whether that be sales, product or staff related.

Some businesses (and individuals) will at some point find themselves in serious financial trouble. And in these situations, there are usually several options available.

Even in the most severe circumstances, it may be possible to restructure and work out the problems. In fact, what can seem a crisis can lead to new thinking that allows a fresh start and the development of more sound, fundamental strategies.

This can be done for the benefit of you and your creditors, by staying in control of the process as opposed to dissipating already scarce resources in the rush to appoint a receiver or winding up the company.

Gardiner Reaney can take care of your business and its assets by taking fast practical action with:

  • Voluntary administrations
  • Creditors’ meeting attendance
  • Liquidations
  • Recalcitrant debtors
  • Risk & Situation Analysis of individual trade debtors
  • Solvency analysis
  • Turnaround consulting
  • Receiverships

Whether you’re buying, selling, re-mortgaging or transferring property, it can be a confusing and hectic time for everyone concerned.

The team at Gardiner Reaney have the knowledge to help groom your business for sale, undertake due diligence on a potential purchase, and provide business advice on an appropriate and tax effective structure for the ownership of your new asset.

Setting up a trust can be an important and valuable asset for a business, and its owners. But expert advice, to guide you through the many facets of Trust establishment and maintenance, is essential.

Trust administration is designed for the typical family trust where the sole assets are passive assets (such as the family home). For an annual fixed fee Gardiner Reaney assists with establishing a trust and assisting with administration including preparation of Annual Gifting documents and filing with the IRD’s Maintenance of the Trust file.

Charitable Trusts are established to hold money or assets and carry out activities for the benefit of a community. They may be formed to:

  • Promote education
  • Relieve poverty
  • Promote religion
  • Other specific purposes of benefit to a community

Gardiner Reaney has extensive experience working with charitable trusts. Our expertise assists in establishing a trust and determining the most effective way to reach charitable goals.

TALK TO US ABOUT BUSINESS MANAGEMENT ADVICE