Financial Projection Services

Whilst financial projections are often requested by the business lender, many astute business people understand the importance of “looking to the future” and prepare financial projections as a matter of best practice.

Drummond Laurie provide this service to a growing number of clients who wish to set budgets and anticipate any upcoming problems and pressure points in their cash flow. Whilst many people have implemented this discipline over the recent recessionary years, the fact is that more businesses will face cash pressures as the economy emerges from the difficult years and they begin to experience growth again. Funding the working capital required to grow their business needs planned.

We are now regularly working with clients to plan this growth, often examining how this can be funded through more efficient working capital management rather than seeking external funding. This can mean changing credit control procedures to improve cash collection, negotiating better terms with suppliers, reducing lead times on procurement to allow lower stock levels to be held, etc. We can demonstrate the impact of small changes in these areas on our client’s cash flow.

For a growing number of our clients who have engaged us to prepare financial projections we update these and reforecast at regular intervals during their financial year to ensure that their cash flow projections reflect current performance and updated expectations.

"I had no prior experience of Drummond Laurie or their team until last year when we had a need for some help with the production of monthly management accounts for one of our group companies. Our reporting deadlines are very tight, however, Drummond Laurie have been able to not only meet these every month but in addition they have been able to make the whole process more efficient, which has reduced the time taken and our costs too. In my experience to date, the team at Drummond Laurie are professional and efficient in what they do and have also been friendly and easy to get along with. I would not hesitate to recommend them to any similar business in need of on-going accounting services."

− IAN KING, COMPANY SECRETARY, CARRON PHOENIX LTD

"“I had no hesitation following David and his team to Drummond Laurie. David has been my accountant for more than 15 years and he is surrounded by a team of professionals. However, the real value he brings to the table is his real-world business experience having worked as the Finance Director in a successful SME for a number of years.

Thus he’s not only good at helping his clients count their beans, but he has hands-on experience of how hard it is to acquire and keep at least some of these beans in the first place. If you’re thinking of switching your accountant, I really can’t recommend them highly enough. So stop reading and go do it!”"

− GORDON COULTER, EXMOS LTD.

"“We have worked with Ian Bilsland for many years and over that time have found him to be approachable, friendly and always able to explain complex matters in a clear and understandable manner.

As our business has developed he has been on hand to guide us through all of the challenges we have faced.”"

− FIONA LAMB, THE WOODHOUSE KIPPEN LTD.

"“Drummond Laurie provide us with comprehensive support across a whole range of accounting services, ranging from payroll, CIS & VAT returns, through monthly management accounts (including divisional reporting), to full annual accounts preparation & filing.

We have worked with David Wheeler and his team for many years – they continue to provide an excellent mix of personal service with a high level of professionalism across the board”"

− MANAGING DIRECTOR OF A LARGE BUILDING SUPPLIES DISTRIBUTOR.

"“Ian and his team are always on hand to assist with any matters crop up when running a family business.
The service we have received has been excellent and I would be delighted to recommend them to my associates.”"

− ANDREW MCAREE, OCHIL TIMBER PRODUCTS LTD.

"“Before I engaged the team at Drummond Laurie I wasn’t aware of the level of client service that I should receive from my accountant.
They have surpassed my expectations and been a great addition to my business.”"

− CRAIG DONNELLY, GOLF PROFESSIONAL

"I am writing to thank Gillian Wayne for all her help while setting up my new company. Gillian possesses all the attributes necessary to be an excellent business adviser; she is diligent, responsive, and very patient. Gillian is professional, personable and clearly takes pride in doing a good job. In my particular case, there were a few challenges and Gillian went the extra mile to find a resolution in each case. Many thanks for all your help."

− GRAHAM THACKERY, CLIENT