Rapid business growth meant that the business had outgrown the finance procedures and tools that were in place to manage the business. As well as maintaning and improving profitability the business also wanted to invest in strategic acqusitions and diversification, which needed to be based on sound financial analysis.
What we did
Langricks took over the routine accounting functions such as payroll and year end accounts. More significantly, Chris Langrick has participated in quarterly board meetings for over five years.
Chris has helped the board review performance across all units of the business incuding team utilisation and R&D. Management accounts have become an integral part of a strategic accounting and business planning process. Chris also assists with acquisition research the financial aspects of large proposals.
The business has continued to expand, taking on larger and more significant contracts while keeping day-to-day fianancial issues firmly under control.