A business can be profitable and still run into trouble due to cash flow issues. Every business must have adequate cash flow in order to survive. We can assist in this area by examining all of the components of your business that affect cash flow. We can forecast and evaluate your company’s financial condition, estimate financing requirements and track cash flow sources and uses.

At Crudden Dolan Ltd, we will work closely with you to prepare cash flow and budget analyses which can be used as your organisation’s financial plan and financial management tool.

Raising finance for your business might be one of the more painful things you will experience in life! There is no best, right or even wrong way to raise finance for your business – there are many ways. The correct way depends on a number of complex factors, such as your product or service offering, your market position, the amount of funding required, the cost of running your business and your personal financial circumstances.

We can help identify sources of finance for new and established businesses. We prepare business plans and forecasts, bank proposals and advice on capital structures, taxation implications and carry out due diligence. We assist in formulating and implementing strategies and setting goals.

We assist with grant applications and have established relationships with a number of local funding bodies.

Sources of finance that we can assist with include:

• Credit from suppliers
• Overdraft
• Loans
• Leasing or contract hire
• Factoring
• Equity; and grants

Are you a budding entrepreneur? You have had an idea, spotted a gap in the market, carried out some promising research and have the enterprise and commitment to see it through, but what do you do next?

We offer a supportive and constructive business start-up service which takes the stress out of starting up by providing step by step assistance to get your business up and running. The services we offer include:

• Decide on the most suitable structure for your business – sole trader, partnership, or limited company
• Prepare a business plan, cash flow projections, budgets, and trading forecasts
• Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
• Establish a good working relationship with your bank
• Complete any registration procedures with Companies House and HM Revenue & Customs
• Deal with company secretarial issues
• Set up a recording system for your internal use and for complying with statutory requirements

Our business plan service includes:

• Advice regarding the content of a business plan
• Assistance on the preparation of a business plan based on information provided
• Production of a set of illustrative financial projections
• Independent validation of a business plan

We are members of the Sage Accountants Club and are able to offer clients a complete range of accounting software with advice on setting up and maintaining software systems. We provide a high quality service which facilitates the use of computing and IT for organisations wishing to enhance efficiency and effectiveness in their business operations.

Our computerised accounting systems service includes:

• Installation and training on Sage Line 50 and Instant Accounts
• Installation and training on Sage Payroll
• Installation and training on Microsoft Word and Excel
• Installation and training on all other major accounting packages including Kingswood and Quickbooks

We have long experience in this sector. Most of our clients have implemented the Statement of Recommended Practice for Charities (the SORP) for the preparation of their financial statements. We have guided them through this process which has resulted in them being well prepared for the implementation of the Charities Act (Northern Ireland) 2011.

This specialism has grown for over 50 years and we now provide a full range of services to charities and NFPs based in Northern Ireland and beyond.

With the establishment of the Charity Commission for Northern Ireland governance and reporting requirements for NI charities will increase significantly. We can fully support your organisation with compliance. We can provide advice and recommendations and can install and support accounting systems to enable you to meet your new obligations.

For many years we have helped our farmer clients complete and submit annual Single Applications Forms, Business Change Forms, grant forms etc.

We have also helped clients deal as efficiently and successfully as possible with queries and inspection reports from DARD, related to their various grant and subsidy schemes.

We can use our experience and knowledge in this area to help you with any farming administration issues that you may come up against from time to time.