Time to give your business some financial first aid…?

The mark of a successful business lies partly in its ability to plan ahead. Having a clear vision supported by a robust strategy is one thing, but how many businesses really manage to adapt to the challenging economic times we are experiencing right now while keeping their eye firmly on the long term business plan?

Perhaps the secret lies in preparation. Only those businesses that can anticipate potential difficulties, and take a proactive stance before it becomes too late, will weather the storm. Sometimes tough decisions made now can prove to be vital for the future health of the business.

Whilst the Government may appear to be introducing more flexible arrangements to help small to medium sized businesses, at the end of the day payments still need to be made to your staff, your suppliers and the Inland Revenue. Many businesses are waking up to the opportunities of outsourcing and bringing in specialist expertise that can make a real difference to the financial health of a business. One such specialist provider of outsourced business services is Cheltenham-based Oriel.

James Luxton manages Oriel’s Accounting Division and has helped many local businesses get into better shape: “We work closely with many clients to put their accounting affairs into better order and create a solid platform for the business to move forward. In some cases there is limited knowledge in-house to undertake the necessary remedial work, and these situations need to be well managed by people who have the expertise and understand the implications – both from a financial and legal perspective. It can be a complex area.”

Oriel can help clients with a number of first aid accounting remedies and tailor their services to suit clients’ differing growth stages. From setting up and reviewing accounting systems and processes, through to providing a BACS payroll bureau facility and business advice on a range of financing and insurance services – Oriel has much experience of working closely with their clients to help them save time, money and effort.

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