The aviation section requires a specific skill set from their engineers. Recruiting and maintaining good quality engineers can be a challenge, especially for the SME. Often larger organisations offer higher salaries and can draw staff away.
Understanding this challenge is essential. Businesses can focus on offering other benefits to motivate and incentivise staff, which may include the Enterprise Management Incentive Share Options (EMI).
It is also essential for a maintenance business to understand the frequency of sales. Often annual maintenance is required on an aircraft, which makes it possible to predict peaks and troughs in income. Working with clients to bring their service interval forward can have significant benefits to staffing and cashflow.
Often large payments with short payment terms are due to larger US based aviation companies. This impacts cash flow and exposes the business to exchange gains and losses. Requiring customers to pay in advance is simple way of overcoming cashflow problems, when upfront investment is significant.
Working with us
Our approach to supporting a business in the Aviation sector is similar to that of all clients. First ‘Listen’: What problems are the company facing? Staffing? Cashflow? What are the present and future goals of the business owner?
It is key to talk to a business owner so that we can fully understand what they need. Once we understand the problems, we then try to understand how the business actually operates. Talking about the business in a common-sense way almost always reveals the problem and a solution.
Problems with cashflow are generally solved by better job planning and forecasting.
Understanding and then optimising how a business operates, means the business owner is less stressed and feels more positive about the business. Cashflow and often profits increase as a consequence. As profits increase we are well positioned to advise on reducing taxes, and increasing personal wealth.
Common services we provide to our Aviation & Industrial clients include:
- Listening to and understanding what can be complex problems
- Discussing solutions
- Goal setting
- Corporation tax planning
- Personal tax planning
- Quarterly review of management account
- VAT returns
The food and drink sector is a very competitive market with a broad offering to the end consumer. It is therefore essential that when trading in this market that your brand message is very clear and welcoming to maximise the footfall into your business.
In this sector margins are key and it is important to implement systems that ensure you can regularly monitor the key areas in your business to ensure that you are hitting the numbers required to make your business a success. Leaving this to chance is very dangerous and if things are going wrong without action being taken will see cash dry up very quickly.
If setting up a new business, buying a business out a refurbishment the capital outlay can be big figure. It is essential that such expenses can be justified by the trading that the business is going to achieve. Setting targets and preparing forecasts are key to ensuring affordability and return on capital investment. This will always be required if looking to the banks or finance houses for assistance in funding the project.
Working with us
Ensuring that the kitchen and front of house are running efficiently, hitting margin and turnover targets will, as a consequence, deliver the returns expected and keep liquidity strong in a sector where cash is king.
We help to put in place forecasts and then systems to report on the key figures which can be monitored regularly, often daily, to give the business the early warning system needed to identify problem areas immediately if they arise. This gives the opportunity to take action swiftly to then get the business bank on track.
This sector sees many businesses fail and by putting key systems in place to monitor your business closely gives a much better chance of success and reaching the goals you set.
Common services we provide to our Food & Beverage clients include:
- Setting targets and goals
- Preparing forecasts for profit and cash flow
- Implementing systems to monitor key performance indicators
- Assistance with raising finance
- Corporation tax planning
- Personal tax planning
- Quarterly review of management account
- VAT returns
- Payroll services including preparation of P11D
- Annual compliance – Accounts and corporation tax returns
See what we've done for other Aviation & Industrial clients
RGV Aviation
Our Aviation & Industrial specialists