Healthcare: Case Study 2


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 cash flow projection model which could be used to present to the bank. Our client requested our assistance to develop a cash flow model which was robust to present to the bank and could be used in the business going forwards.

Our Approach

  • Discussion with management to understand their exact requirements
  • Practical approach which allowed management to focus on the day to day operational matters

The Benefits to the Client

  • Cash flow model now links with the 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
  • 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

The Plus Factor in Action

  • We helped our client make money by suggesting improvements to their internal processes and systems generating efficiencies and cost savings
  • We saved our client time by providing assistance with monthly management accounting and VAT advice which allows the in house accounting team to focus on their other tasks
  • We gave our client peace of mind by carrying out focussed procedures on their stock and work in progress balances
  • We supported them now and in the future by remaining alert to any areas where they require assistance through our annual involvement in the audit process