Fast growth needs fast information
Over a period of 5 months, Plus+ saw a London-based start-up through dramatic growth; going from zero to an annualised turnover of £1million in just five months.
As a fast-growing start up, the directors found it a challenge to keep one eye on the cashflow requirements while keeping the business in general on track. As a result, the company outsourced its finance department to Plus+ so that it could benefit from:
- Higher level financial advice
- Finding the cashflow to fund the growth
- Understanding their profitability and knowing what areas of the business were creating the majority of the profit
- Accurate cashflow forecasting to identify when the company would require additional finance
- Credit control and Payroll
Jamie Young, director of Plus+, said “By taking advantage of the full range of our Business Management Services, the directors have been able to concentrate on moving the business forward, while knowing that we are taking care of their financial requirements. We look forward to being a continuing part of this success story”.