Financial Controller Services
Orseal Limited - A well-established family owned group of companies with a turnover in the region of £5m. summ.it have been working with Orseal for over 10 years.
THE ISSUE:
Orseal are of sufficient size and complexity to require a full time financial input. The input required is across a range of skill levels from more basic accounting and book-keeping through to more senior tasks and reporting. This is a difficult position to recruit for given the wide range of experience required.
THE SOLUTION:
summ.it provide a comprehensive service covering assistance with book-keeping, full management accounts preparation, cash flow forecasts, a full range of compliance services from VAT to payroll, Board attendance and full relationship management with their bankers.
The service is at a cost that is below that of a full time recruit and offers our client a long term stable solution to their finance department.
SUCCESSES:
- Reduced insurance premiums by 50%
- Commended by their bankers for quality of forecasting information and management accounts
- Helped raise $2m financing for working capital to fund a large customer order
- Reduced overall cost of the finance department by 40% through improved efficiencies in the department