Cashflow projection from AAB secures funding to grow care home
Case Study23rd Nov 2021
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Our Client
A local business had a requirement to obtain additional funding to develop a new care home. Their Finance Manager did not have sufficient time to work on a cashflow projection model which could be used to present to the bank.
Our Approach
- Discussed with management to understand their exact requirements
- Utilised a practical approach which allowed management to focus on the day to day operational matters
- Developed a robust cashflow projection model to be presented to the bank and used by the business going forward
The Outcome
- The client now has a cash flow model that links to their management accounting model so this can be used in the business going forwards
- Key assumptions were built into the model and clearly explained
- Our client had support from us when meeting with potential funders
- Using our knowledge of the lending market, we negotiated the best terms for our client with regards to interest cost and arrangement fees, as well as the overall lending package
- Our team of tax specialists worked with management of our client as well as the quantity surveyor to fully understand the build progress and exact terms
- A capital allowances claim was finalised and submitted which resulted in a substantial tax saving in the current year as well as a refund of tax paid in prior years
- We continually assist with monthly management accounting and VAT advice which allows the in-house accounting team to focus on their other tasks
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