Baby Goods - new business start-up
“We've have brilliant advice at every stage and sales are continuing to grow. Secantor have contributed to the smooth running of the company and their experience has been very useful at key stages of our growth and strategy”
This client was a new business established by a mother of three, who was so frustrated by the limitations of pushchairs and double buggies that she invented a clip-on foldaway sidecar which attaches to most pushchairs, expanding child carrying capacity to accommodate a weary toddler. The company was awarded a SMART grant from the DTI to support the development of the innovative product. Secantor was chosen to help the company formulate and implement a business strategy.
How to plan and build a business around this exciting product concept
Preparation of a business plan
Help in identifying and co-coordinating manufacturing facilities in China
Help in taking advantage of the Government's 'Small Firms Loan Guarantee Scheme' by introducing two other banks - achieving the maximum loan of £250k
Preparation of a business-forecasting model including interlinked profit/loss account, balance sheets and cash flow forecasts for the first three years
Maintaining the company's accounting system and providing monthly management accounts to track progress and provide ongoing interpretation
The product was successfully launched and order levels grew rapidly and the company now has distributors all around the world
The company has won a major industry award for innovation