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 pay upfront
- Customers pay in stage payments with 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 can 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 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."
"As a director of a small business still in relative infancy ,having a local accountant that I can depend on is of upmost importance . Wood & Disney oversee my accounts with great efficiency and care and offer a personal bespoke service which enables me to devote my time to the day-to-day running of the business ,knowing my financial matters and all duties that need to be legally fulfilled are in reliable and professional hands."
"The team at Wood & Disney are approachable , friendly and all round ,a pleasure to work alongside."
"We have been using Wood & Disney for approximately 10 years now and have always been very satisfied with the service provided. We get practical plain English advice with no jargon, with business advice, which can make a real difference to our success as well as doing all the usual tax and accounting stuff. We would recommend them to anyone."
"I am just writing to thank you and your staff for all the help you have given us all year with our accounts. We have been so impressed with the professional and efficient service you provide. Wages are calculated each week without delay and Laura has always gone the extra mile to answer our questions when we've needed advice."
"At the end of five years of profitable trading I wish to place on record my thanks for the way in which our accounts and tax affairs have been conducted. The advice and support given by everyone ensured that we avoided myriad pitfalls into which we could have fallen. The promptness and accuracy of your service is commended. It is a pleasure to work with dedicated professional people."
"Since applying to your team of accountants later last year my husband and I have now realised just how misinformed we were previously. Book keeping, once a miserable task resentfully performed, has now proved to be a fundamental quality experience which has enhanced our autonomy."
"The humanistic approach undertaken by the team is of significance when dealing with people who are not so experienced in the fine art of accounts. Once again thank you, and may our future transactions prove just as satisfactory."
"Please can I take this opportunity to thank you and John for completing these accounts for me swiftly, and in an efficient manner. It is a great please to deal with a firm who can provide a good service without the need for me to get heavily involved in too much detail."
"I was really touched to receive the bottles of Australian Wine in honour of my 60th. It also reminds me that I have been using your firm, originally through Philip Wood, since 1976 (so half my life!). So thanks to you and the firm, and I look forward to your continued support. For some, retirement may begin at 60, but I am intending to stay in harness for some time still.. So you may assume that we will remain in contact for some years to come."