- "In the last 20 years our business has changed considerably…and as the focus of our business has changed, Bird Luckin have moved with us."
Alex Tanner, George Tanner (Shalford) Ltd - "Bird Luckin has looked after us incredibly well for over 60 years, they are pro-active and innovational - meeting all our needs to help us achieve our aims."
Richard Stubbings, Cliffords Limited - "I can honestly say that Bird Luckin are the best firm of accountants and auditors I have ever dealt with - and I don't say that lightly!"
Colin Webb, Walthamstow Stadium - "It's important for us to know that we will always be able to contact the right people to give us the right advice and support."
Jane Bennett, Bennetts Funeral Directors - "Although we deal mainly with one Partner … we also know that if we need to contact someone else who is a specialist in another area, we can get the advice we need quickly and easily"
Jeremy Ruggles, J.S. Wright & Sons Ltd - "Bird Luckin got us to a stage which would have taken us months - if not years - to reach on our own, and they got us there in a matter of weeks"
Matthew Sullivan, SNC Ltd - "You can be a good accountant, but if you don't have an understanding of the industry it can be very difficult. "There are two or three people we have regular contact with at Bird Luckin who know our business well, and it makes a difference.""
Robert Church, W A Church (Bures) Ltd - "The work which Bird Luckin has done for Boddingtons over the past few months has helped shape our future direction for the better."
John Warner, Chief Executive, Boddingtons Ltd - "Bird Luckin has acted for us since our inception 10 years ago. They have a very 'can do' yet highly professional attitude - we are very appreciative of their support and advice over the years."
Marlon Fox, Outlook Property Ltd
The dangers of overtrading
Strange as it might seem, impressive sales figures and even improved short-term profits do not necessarily indicate ongoing success for a business.
Often they can be a sign of overtrading, that eventually results in reduced cash flow and all the problems that implies.
These cash flow problems can be further exacerbated by the need to invest in new assets to facilitate growth, such as premises, vehicles, machinery, computers, etc.
Cash flow problems also arise because too much capital is tied up in stock such as raw materials, finished goods, or work-in-progress. One solution to this is to implement practices such as Just-in Time, and Kan Ban, which help to reduce capital tied up in stock and free it for use in more effective ways within the business.
But at the end of the day, the best way to avoid cash flow problems is to maintain good management accounts that will alert you to the dangers of overtrading.
We can help you set up and interpret effective management accounts. Contact us today to discuss how you can keep your business on a steady course.