A well established manufacturing company suspected that some areas of business were not profitable but had no systems in place to confirm the Directors’ fears. The directors approached CM chartered accountants, on the recommendation of one of our many satisfied clients.
After we had conducted a thorough review of the company´s operating methods we prepared a report for the directors and recommended a course of action.
As a result, we introduced a management reporting package, which indeed confirmed the managing director´s suspicions.
The business was re-organised into four divisions, each producing its own management reports for discussion at regular meetings.
The business continued to expand, became more profitable and was subsequently sold, with the help of CM chartered accountants´s Corporate Finance Team, for a sum in excess of £2 million.