The initial instruction was to produce a profit forecast using the up to date management information for the practice. Following discussions with the directors we agreed that the accounting information being produced was not fit for purpose and significant improvements to both the quality and relevance of the forecasts could be made. I was asked to complete this task.
The new format management accounts were then used to provide a forecast model with the necessary sensitivity / what if functionality build in.
I continue to support the business reviewing the management accounts and assisting with forecasting and scenario planning. The business continues to grow rapidly generating greatly improved profitability and strong working capital management.