Case Study No 2 - The Details

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SME £12 Million Turnover - Subsidiary of Company on Stock Exchange, providing environmental product to the Oil Industry, with a subsidiary company providing industrial couplings to various other sectors. D & M was called in for accounting services 

Areas covered

Generally provided Management Accounting Services to company for Internal and Parent company reporting

Maintained third-party relationships with providers of: insurance, medical cover, HMRC

Identified needs

Identified the need for a budgeting and forecast system for reporting purposes to parent company who are listed on AIM (Alternative Investment Market).

Identified the need for further product category reporting

 

 

Services Provided

• Management and Financial Accounting
• Year End Statutory Accounts, Consolidation schedules and Corporation Tax schedules for review by Parent Company Auditors
• Cash Flow forecasting
• Budgeting and re-forecasting at detailed Profit and Loss and Balance Sheet level
• Company Secretarial services
• Group reporting

Outcomes

By the introduction of our recommendations on budgeting and forecasting, it enabled a streamlined, fast turnaround on these requirements to the parent company.

Our management of the third-party relationships freed up the MD's time to focus on customer relationships and technical issues.

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