Europe Best Financial Management Services Provider of the Year
John Harrison and Company offer a Financial Management Service designed to provide a fully outsourced finance department to owner-managed businesses. With the ultimate aim of helping clients to manage their companies more profitably, they have developed a series of processes, systems and tools to help boost success and financial return, inspired by some of the world’s leading business thinkers and achievers. They have also devised a tax mitigation service to ensure that their clients are paying the optimal amount of tax. Their ‘Better Business, Better Life’ development programme is designed to take business owners through a full management control plan, from goal setting through to strategic planning, business modelling, customer service standards and operational efficiency. They promise the utmost level of service for their clients and back it up with their “on time, or it is free” guarantee. Through this pledge, they will pay any penalties and surcharges which might arise if they failed to meet a filing deadline as well as waive their fee for that work.
UK
They create a five year summary of business accounts to analyse key ratios which are shown graphically to clients and benchmarks the results with similar sized companies in the same trade. The figures are then projected forward using the assumption that the key ratios move over the next five years just as they did in the last five. The key ratios are then modified with the business owner to create a five year strategic plan. A financial model is then created for the first of those five years which produces a cash flow forecast and monthly budgets for comparison with actual results which enable speedy correction if the company is not performing financially as it should do. As the year progresses the budgets are converted into profit forecasts which allows effective tax planning and profit extraction to take place. The Financial Management System gives the owners of SMEs tools to make their medium term financial plans and maximise their profits. The monitoring and reporting systems and coaching and mentoring facilities help keep ambitious business owners on track. Web: www.johnharrison.co.uk | Tel: 01909 472310 | E-mail: john@johnharrison.co.uk | 78 Carlton Rd, Worksop S80 1PH
GLOBAL 100 | 2021
35
