Flint Bishop

25% of companies’ turnover lost through inefficiency

A Midlands-based business & financial management expert is offering businesses help to make efficiency savings after revealing some private sector companies are potentially losing hundreds of thousands of pounds from their "bottom line". 

Suttongate Consulting believes it can release profitability and ultimately cash lost through inefficiency which for some businesses can be as high as 25 per cent of their turnover, according surveys referred to in a recent seminar organised by CIMA (the Chartered Institute of Management Accountants) 

The consultancy firm, based in Sutton Coldfield, uses a Business Improvement Process, which examines a company's operations and procedures to identify where value is being added and crucially where value is being lost.

Experts from Suttongate are skilled in identifying where inefficiencies such as errors, reworking, duplication and downtime are taking place and help to address the issues on a continuous improvement basis. This in turn helps businesses, through these improvements in their processes, by boosting their profit margins, reducing costs, improving their cash flow and enabling them to be more effective in meeting their customers' requirements.

Dominic Sears, Suttongate Consulting Managing Director, highlights the benefits of using Consultant Financial Directors:

"I am passionate about making business easier and more rewarding to manage. Addressing inefficiency and waste, which exists in all companies, is critical to promoting sustainable growth and profitability, as well as helping that business to gain a competitive advantage.

With our help companies could add tens or even hundreds of thousands of pounds to their 'bottom line' each year."

Mr Sears started the company to offer a Finance Director Service to smaller businesses on a part-time basis and at a fraction of the cost of a full-time in-house Finance Director.

Businesses interested in taking up the opportunity to release value within their organisation can speak to Suttongate for a free, no obligation initial consultation.

 

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Article published by Midlands Business News on 14 February, 2011

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Articles submitted by Suttongate Consulting Ltd:



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