Performance Audits

Performance Audits - where you are and where you want to be

Assess to Sucess

At Fullbrook Associates, our performance audits are tailored to suit each business. We undertake a complete review of business performance and then design bespoke solutions that augment and improvement you current systems.

Every audit is carried out personally by our highly experienced and professional consultants, via site visits and thorough investigations.

Why it's vital to review business progress

It’s easy to get lost in simply doing what you need to do every day to keep your company running, but the best thing you can do for your business is to focus on the long term, where you want to go, and how you’re going to get there. But before you can do any of that, you need to know where you are now.

In our audits, we’ll do a thorough review of business progress to date, including looking at if the business is still heading in the right direction, what might be done to streamline the business, if there is an up to date business plan, and how the business is marketed and whether it is taking advantage of opportunities.

Assess core activities

Our first starting point is to look at what services and products are offered – what the business does to actually make money. We’ll review how successful they are, what makes them so, and how improvements might be made. We’ll also discuss whether there are complementary services or products that might enhance the offering.

Assess business efficiency

There are many factors which affect business efficiency, from overall strategy to the premises, and we’ll take the time to do a thorough review.

• We’ll look at staff, what skills and abilities they bring to the business, and what staff turnover is like. If turnover is high, we’ll look at potential causes for that and look for solutions.

• Our team will inspect both premises and location, and look at the advantages and disadvantages of each. We’ll study whether there is currently the room needed to expand or if there is the need to trim excess space. We’ll also look at the impact of the current premises on long-term goals.

• We’ll examine onsite facilities, from the IT infrastructure and support, to any machinery used in manufacturing.

Review the financial position

At Fullbrook, we’ll conduct a full audit on the financial health of the business, looking at the current position, financial management and planning. We’ll also do a deep dive into working capital, borrowing, growth, cash flow and costs.

Conduct a competitor analysis

Knowing who the main competitors are is vital for any business, and we’ll thoroughly study competitor’s strengths and weaknesses, looking into what they offer that is in direct competition and what is not. We’ll review pricing, their customer base and how they market themselves.

Using the review to redefine business goals

Once the audit is complete, we’ll present the results and our recommendations, starting with where the business is now, with any problems and our solutions.

We can then discuss the long term aims and strategy for the business and help you put a strong and robust structure in place to ensure that you achieve your goals.

CONTACT US

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NEED HELP?

To speak to an advisor or to request an initial consultation please don't hesitate to call 01786 451903 or email clients@fullbrookassociates.com.

 

GIVE US A CALL

For general enquiries please call within office hours on the number below. 

AVAILABLE AT 9AM TO 6PM

01786 451903