Ignoring the numbers is very tempting when you aren’t sure how to record them or you aren’t sure what they mean. It’s a really common problem for businesses in the construction industry, especially in the early and growth stages of scaling up your business.

Many companies only consult with their accountants on special occasions – and usually only once a year. By then, it is often too late to address any issues. You can’t wait to respond to financial red flags up to a year after they’ve happened. By then, they could have evolved into serious financial problems.

Prevail can help you to master the numbers so you no longer feel the need to ignore them.

How can Prevail help?

With our support, you can overcome the challenge of ignoring the numbers.

  • With the right financial support, you no longer need to ignore the numbers. You can master the financial reporting that will drive your business to greater success.
  • When we start working with you, we’ll ask a few simple questions. How often do you check your accounts? How often do you meet with your accountant? Do you compile management accounts? How do you ensure those management accounts are accurate and complete? Do you know your profit and loss? Can you afford to withdraw dividends? What is your growth strategy?
  • By understanding you and your business goals, we can support you to achieve more. With our support, you can make friends with the numbers.
  • We’ll support you to introduce the correct processes to control your finances. We’ll help you set up effective stock management, optimise project management, get control of labour costs and properly track capital expenditure.
  • Having the right accounting system is crucial. There are excellent tools and cloud technologies available now which enable you to manage all cost control and credit control in real time. If you don’t have a good system in place now, we can give you our expert, award-winning support to help digitalise and automate your essential financial record keeping processes and reporting.
  • We’ll also help you put the numbers to your business goals. With our advice and support, you can set out clear financial goals, strategy and planning with measurable objectives. This way, you can measure your performance against the goals you want to achieve.
  • The numbers speak the truth. You can’t avoid them. We’ll help you to make sense of them so they no longer need to be ignored! No one loves the numbers more than us. And we will invest our time to ensure that you can learn to love the numbers too!

Get in touch!

We can help you overcome challenges commonly faced by construction industry businesses, including:

For specific understanding about how we can help you address these challenges, please visit the relevant page.

Alternatively, you can contact our team to discuss the challenges you are facing within your own operation.

Call us on: 01706 550 825