Our Business Profitability and Restructuring Service is headed up by our founder Tom Murray FCMA.
Tom is a fellow of the Chartered institute of Management Accountants and has over 25 years of expertise in the UK and Ireland in maximising business profitability and designing and implementing restructuring programmes for companies and organisations in all sectors.
At Tom Murray & Associates we are specialists at improving and maximising business profitability. We provide this service to all businesses and sectors including Manufacturing, Services, Hotels and Hospitality providers, Healthcare service providers and professional service providers. Our expertise and dynamic solutions can be applied to any business, charity or government body. We specialise in providing solutions to everyday business problems in areas that include cashflow, stock levels and product range and product profitability.
Businesses Through our expertise and our dynamic and innovative solutions we can turnaround loss making and ensure that businesses that are profitable are maximising their profits. We often find that profitable businesses have the greatest profit growth potential as profitability often makes businesses complacent and they are not driven to their full potential.
We normally recommend and use a strategic review process for our Clients seeking our profit improvement and restructuring service. This identifies the Strengths, Weaknesses, Opportunities and Threats facing the business as well as issues that are potentially costing the business money and holding it back from realising its full potential. With our fresh pair of eyes reviewing your business we will identify areas that can be significantly improved where you may not have even realised there is an issue. Our profitability review will identify the loss making or under-performing aspects of the business and we will not only identify these issues but more importantly we will design, recommend and implement if required corrective solutions that will ensure losses are eliminated and profitability is maximised. Business owners often know why they are losing money but don’t know how to fix the issues which is where we can help.
Our profitability service can be used for product profitability and product range review purposes. Many businesses have too many products and don’t know which products are profitable and which are not. In one business who we carried out this service for we reduced the number of products offered from 950 to 300 without any loss of business to the Company. This Company benefited from reduced logistic costs in terms of warehousing and storage, easier administration and increased profits and bank balances as less money was tied up in stocks which were much reduced.
The business world is changing daily and failure of businesses to adapt to these changes will ultimately result in business failure or substantial losses being incurred unnecessarily. Business restructuring is often required to address substantial losses from loss making operations or due to fundamental or strategic changes required in the business. We offer a full- hands on business restructuring service to companies and organisations & can provide all necessary expertise to ensure the restructuring process is carried out within an agreed timetable and with minimal disruption to the company or organisations operations.