Case Studies

Client L

Client L was making heavy losses and the balance sheet had negative assets (i.e. liabilities). The business owner was convinced that the business was sound and that there was a way forward. A marketing plan was written and this was supported by a detailed financial plan. We discussed both plans with the "statutory" accountant and an insolvency expert. At the end of the meeting, the accountant said that in situations like this he nearly always recommended insolvency. However, because the business owner truly believed in what he was doing, and had a plan to review the progress against, he was happy for the company to continue trading. The plan was a success and the business turned around to become profitable once again.

Client D

Client D wants to devote his time to growing his business and leave the management of the finances to those with financial expertise. He employs a bookkeeper who inputs all the financial information. Each month JMA Solutions visits to produce a profit and loss account and balance sheetand update the rolling six month profit and cash forecast. Any issues which effect the business, both positive and negative ae highlighted and discussed and a plan of action agreed.

Client C – Testimonial

Judith explains everything clearly so I can really understand my accounts. I can ask her anything without feeling foolish.