Cash Flow Improvement
We get up every morning to help family run businesses build a better future for the next generation because family is the most important part of all of our lives.
Over 70% of business failures are due to cash flow problems.
You may be profitable on paper but if you cannot collect that cash then you will fail.
Cash flow problems tend to happen gradually but the effects can be dramatic.
- You cannot trade if your staff are not paid.
- You cannot trade if your suppliers put you on stop
- Assets on finance can be taken away.
- Finally, court action will occur with the inevitable reputational damage.
The answer is to change the way you do business. We are sure you never intended to be a bank lending to others without charging interest.
- Stop giving credit
- Customers should pay upfront or at the time of delivery of the service or product
- Customers could pay in stage payments with a final instalment on completion
- Adopt a subscription model and be paid monthly by direct debit.
Great in theory but not always possible in practice yet some industries do this so why can’t you?
What else can you do? We regularly help our clients with the following and within our WandD Family Zone we provide detailed resources and access to trusted partners to help eradicate negative cash flow.
Credit control – getting those customers to pay on time
Cost control – there are often expenses and costs which can be reduced significantly.
Raising business finance – there are now a wide variety of lenders outside of the main banks.
Residential mortgages – our brokers are amazing at finding great deals as well as helping in difficult cases.
Technological solutions – the exciting bit we love. We recommend effective technology solutions to our clients and help them use them.
Existing clients can login to WandD Family Zone (Private) to find out more about the above.
We want to spend time with you face to face to really help you create a successful business and build a better future for your family.
What our clients say!
“I have been in the consultancy sector of business for 10 years and have worked with Wood & Disney throughout this time. During this time they have worked with me through the good and bad times to help evolve my business and steer me in the right direction.
With the help of Wood & Disney I moved my records onto QuickBooks Online accounting software. I struggled to find the time to use the system to its full potential therefore I soon offloaded all the hassle onto Wood & Disney who have been able to provide me with far more beneficial real time information which has allowed me to make far better decisions for both myself and my company. I started to notice a real difference as, in a difficult period for the very niche industry, my time was freed up to spend looking for new contracts.
Brand Life Consultancy Limited
“All the wood and disney team are friendly. Calls/emails are answered in a timely manner. We do not just feel like a number and it feels like wood and disney really care about us and have our best interests at heart".
Kate Heffernan & Verity Dent
Heffernan Dental Specialists Limited
“After being with Wood & Disney for several years and recently embracing cloud computing and outsourcing payroll to them I would like to say a big thank you to the whole team.
I am constantly delighted with the comprehensive and tailored support that we receive, they are a wonderful bunch of professionals. They provide us with prompt and friendly help and guidance whenever needed which is important when running a small company. They are forward thinking and always take the opportunity to give advice on improving our profitability. I can't think of anyone I would trust more with our accounts".
Paul & Amanda Cartlidge
R. Bullock Precision Engineering Limited
“I have been working with Wood and Disney for about 4 years now and I am very satisfied with the service I have received from them. They are by far the best accounting company I have worked with. They are not just my accountants; they are very professional business consultants who have been providing me with very useful suggestions on different aspects of my business. They are very competent and experienced in what they do. Brendon and David who have been working with us, are very professional and knowledgeable, and the advice they offered me in relation to claiming my company’s R&D Tax relief has been extremely useful. As such, I have no hesitation in recommending them as a very professional and reliable accounting firm based in Colchester".
Oxborrow Engineering Limited
In my view, Wood & Disney isn't just an accountancy firm, but instead act as my business advisors. They support me and my business in planning ahead and assessing what steps I need to take to help grow my business further, in a way that suits me. I would recommend Wood & Disney to anyone looking for plain-speaking help with the financial aspects of managing a growing business. Speak with David or Peter."
“I love that you are not stereotypical accountants. You make the “subject matter” interest (as best as is possible!), and I had fun when we meet! Your engagement process is slick and simple and I’m very clear on what I’ve signed up to and my responsibility in the business relationship. You have quickly earned my trust and I feel assured you will look after Neon Solutions business needs and support us with professional, honest advice when we need it.
I am especially grateful for your patience and support while we have been getting our business off the ground and am looking forward to Neon Solution’s future with confidence – I’m pleased we can share the road to success!”
Neon Solutions Limited