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| "Despite being part-time our Secantor FD quickly became a highly valued member of our team. His overall contribution has been far higher than I ever imagined possible." |
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Background
This client provides a total property package from concept to completion, creating impressive, quality homes and buildings for sale to the private owner, institutions, industrial or commercial clients. The company was an established and highly respected developer with a turnover of £24m and a healthy level of profit, before Secantor was invited in.
Issues
The owner-managers believed that financial performance could be improved by appointing a Secantor FD.
Actions
- Creation of accurate, timely and easily understandable management information
- Complete re-engineering of the company's measurement of performance, enabling much tighter cost controls.
- Introduction of forecasting techniques, ensuring that borrowings are more efficiently created for funding the stream of major developments.
Outcome
The company enjoys continued growth, doubling turnover and increasing profitability by an enviable 500%. Even with the downturn in the UK building sector this Secantor client continues to prosper, winning the Leicestershire Business of the Year Award for 2008.
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