Unpredictable cashflow is a common challenge for small businesses, with 82% of business failures attributed to poor cashflow management. ​

How We Help:

At Precision Management Consulting, we analyse your cashflow patterns, identify inconsistencies, and implement strategies to stabilise your finances. Our approach includes:

• Cashflow Forecasting: Developing accurate forecasts to anticipate and prepare for future financial needs.​
• Expense Management: Identifying and reducing unnecessary costs to improve cash reserves.​
• Revenue Optimisation: Implementing strategies to enhance income streams and ensure timely collections.

Late payments are a prevalent issue, with 27% of UK SMEs owed between £5,000 and £20,000 in unpaid invoices. This cashflow disruption can lead to difficulties in meeting financial obligations, including paying suppliers and staff.​

How We Help:

We assist you in:

• Payment Scheduling: Aligning income and expenses to ensure timely payments.​
• Negotiating Terms: Working with suppliers to establish favourable payment terms.​
• Financial Planning: Implementing budgeting practices to maintain adequate cash reserves.​

Without a clear picture of your financial health, it’s nearly impossible to make informed decisions. Many business owners rely on gut instinct rather than data, leading to inefficiencies and lost profits. In 2022, 60% of UK SMEs reported making a profit in the previous 12 months, indicating that a significant proportion may lack clarity on their financial performance

We work with you to set up clear financial reporting, real-time dashboards, and key performance indicators (KPIs) so you always have an accurate understanding of your business’s financial position.

Revenue alone doesn’t determine success—profitability does. If your business is bringing in sales but not seeing strong profit margins, the issue likely lies in pricing, cost control, or operational inefficiencies.

In the UK, 67% of SMEs reported making a profit in the previous 12 months, suggesting that a significant number struggle with low profit margins despite high turnover.

We help you analyse your margins, optimise costs, and refine your pricing strategy to ensure your business remains profitable and sustainable, even as it grows.

Many businesses struggle to secure financing due to poor financial records, high-risk business models, or lack of a clear plan. Lenders and investors need confidence in your business before they provide funding.

In 2023, the use of external finance by small businesses saw a consistent rise, growing from 41% in Q1 to 50% in Q3, indicating an increased reliance on external funding sources

At Precision Management Consulting, we prepare your financials, create compelling business plans, and improve your creditworthiness, increasing your chances of securing the funding you need to expand and grow.

Pricing can make or break a business. Set your prices too low, and you’ll struggle to cover costs. Too high, and you risk losing customers. Finding the right balance is key.

We work with you to develop a strategic pricing model based on your costs, market trends, and customer behaviour, ensuring you maximise profitability while staying competitive.

Late payments can cripple your cash flow and create unnecessary financial stress. On average, 48% of small businesses experience cash flow problems due to late-paying customers. Also, 27% of UK SMEs are owed between £5,000 and £20,000 in unpaid invoices.

We help you set up better invoicing systems, automate payment reminders, and establish clear payment terms, so you get paid faster and keep your business financially stable.