New Financial Year, New Opportunities: Is Your Business Ready?
New Financial Year, New Opportunities: Is Your Business Ready?
For medium-sized and growing limited companies in Burton-on-Trent, the new financial year marks more than just a change in calendar—it’s a crucial opportunity to assess performance, sharpen forecasts, and lay the groundwork for future growth.
If your business is turning over £250k to £1m+, your financial operations need to be more than functional—they need to be strategic. At Woodville Accounting & Payroll Ltd, we work with ambitious local businesses to go beyond compliance and offer real insights into sustainable growth and profitability.
1. Refine Cash Flow for Strategic Growth
At scale, inconsistent cash flow can damage investment opportunities, delay recruitment, or limit reinvestment. Now’s the time to:
- Tighten debtor controls and credit terms
- Build cash flow projections aligned with quarterly targets
- Introduce rolling forecasts to support decision-making
- Segment cash flow by department or business unit
With businesses in this turnover range, it’s not just about survival—it’s about ensuring capital is available to fund growth.
📌 Tip: Our clients often benefit from three-way forecasting—integrating P&L, balance sheet, and cash flow projections into one dynamic model.
2. Strengthen KPI Frameworks to Drive Performance
Larger businesses need clear financial and operational KPIs to guide strategic decisions. These might include:
- Gross profit per product or service line
- Overhead recovery rates
- Return on capital employed (ROCE)
- EBITDA margin tracking
Quarterly board-style reviews—whether internal or with your accountant—help drive accountability and improve focus across the business.
3. Conduct a Strategic Tax Review
Mid-sized companies are often overpaying in tax due to inefficient structures or missed reliefs. We recommend reviewing:
- Director remuneration strategy (salary, dividends, pension mix)
- Business structure—group setup, VAT schemes, use of SPVs
- Opportunities for capital allowances or R&D tax reliefs
- Company car and benefit-in-kind efficiency
🔗 For tax efficiency schemes and reliefs, see GOV.UK – Corporation Tax.
An annual tax planning session can result in four- or five-figure savings—often enough to fund new hires or capital upgrades.
4. Review Payroll, Pensions & HR Compliance
Growing teams bring growing risk. Payroll errors, missed deadlines, or poor pension scheme management can result in fines and reputational damage. Consider:
- Shifting payroll management to an outsourced specialist
- Ensuring auto-enrolment staging and re-enrolment duties are met
- Streamlining bonus and commission schemes with tax-efficiency in mind
- Auditing HR policies linked to payroll and benefits
📌 A managed payroll service from Woodville ensures full RTI, pension, and payment compliance—with minimal disruption to your operations.
🔗 Learn more at The Pensions Regulator.
5. Prepare for Growth: Funding, M&A or Investment
Many businesses in the £500k–£1m+ range are on the cusp of their next chapter. Whether you’re seeking private investment, bank funding, or acquisition targets, your financials must be ready.
We help clients:
- Prepare investor-grade management accounts
- Identify key valuation drivers (recurring revenue, margins, efficiency ratios)
- Model growth scenarios and funding requirements
- Strengthen governance and internal reporting
🔗 For SME funding insights, visit British Business Bank – Finance Hub.
Work with a Finance Partner Who Understands Scale
At Woodville Accounting & Payroll Ltd, we don’t just crunch numbers—we help medium and larger businesses in Burton-on-Trent navigate complexity, drive profitability, and unlock future growth.
We specialise in supporting directors who are:
✔ Scaling up and need proactive financial oversight
✔ Frustrated with reactive accountants or disjointed advice
✔ Ready to streamline operations and boost cash flow
Let’s Get You Financially Fit for FY2025
Tel: 01283 819385 | Email: [email protected]
Bretby Business Park, Ashby Road Bretby Burton On Trent DE15 0YZ
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