Business health check

Keeping things moving

A business health check isn’t something to avoid. If there’s a problem bubbling under the surface, you need to assess and address it as soon as possible.

Having a regular business health check is no different than going to your GP. After all, if you had a pain in your side, you wouldn’t just carry on acting as if you’re okay. But even if it seems like everything is running smoothly, it’s still important to make sure.

Our check up services dive into your business’s inner workings, focusing on your cash flow and long term viability, and helping you keep a close eye on your bottom line.

Understanding Business Health

A business health check is like a medical check up for your business. Just as a doctor checks your physical health to catch any issues early, a business health check checks your business’s inner workings to catch any problems. Even if everything seems to be ok, regular checks are essential. By understanding business health, companies can stay financially strong and avoid risks. This proactive approach means your business will be healthy and robust in the long term.

Business Performance

Measuring business performance is like taking a full body scan of your business. This means looking at all the operational areas, finance, systems and procedures. A business health check gives you a clear picture of where your business is today and what needs to change.
By measuring business performance, you can make informed decisions, prioritise what needs to change and set a clear path to achieving your goals. This whole business approach means your business will be agile and competitive.

Financial Health

Financial health is the foundation of any business. It’s looking at your company’s cash flow, profit and overall financial stability. A business health check gets into these financial areas to uncover risks and give you actions to take. Good financial health is essential to avoid financial traps and long term success. By keeping an eye on your financial metrics, you can make strategic decisions to grow and stabilise your business.

Operational Efficiency

Operational efficiency is the backbone of a healthy business. It’s looking at your company’s systems, processes and procedures to identify areas to improve. A business health check gets into these areas and gives you actions to take. By streamlining operations you can reduce costs, increase productivity and customer satisfaction. This focus on operational efficiency means your business will be a well oiled machine ready to take on whatever comes its way.

Controlling your costs

Spiralling costs and rising prices are detrimental to your business’s health. Without proper management, your business spending could get out of hand — which may be difficult to recover from.

We can help you find ways to avoid this, starting with simple money management. The solution could be something as simple as changing your energy provider or switching suppliers. Perhaps it goes a bit further? If you’re waiting around for your clients to pay their invoices, that can have a severe impact on your cashflow which, in turn, damages your business’s health overall.

We won’t leave anything unchecked.

Compliance checks

Your business’s health isn’t just about the finances. While your money is part of your business, making sure you’re meeting all your compliance requirements is also important.

Companies House has a public register of disqualified directors which includes personal information and an online summary of disqualifications.

If you’re not up to date with any of your legal obligations you could be breaking the law. This could put your business and your reputation at risk. We can do statutory and voluntary audits to keep your business in check.

Risk Management

Risk management is key to your business’s future. It’s about identifying risks and taking proactive measures to mitigate them. A business health check looks at your company’s risk management and gives you actions to take. By managing risks, you can avoid problems and seize opportunities with confidence. This proactive approach to risk management means your business will be resilient and ready for whatever comes its way.

Analysing your culture

You can’t have a healthy business without a good business culture and team in place. Poor management can lead to a high staff turnover, increasing costs and harming overall productivity.

If there are any weaknesses in your foundation, our business health check will flag them. From there, we can recommend corrective action and offer advice on using the resources at your disposal. Investing in the right people and processes is an effective way to ensure your business has a clean bill of health.

As a prospective client, we want you to succeed. Our business health check is built for that exact reason: to minimise risk and deliver solutions that keep the heart of your business beating.