Jonathan Wood

I attach the 10th edition of BDO's popular Regional Manufacturing Outlook Report in partnership Make UK, our yearly benchmark of the sector.   #manufacturing #ukmanufacturing #bdo

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Our 2024 Regional Manufacturing Outlook with Make UK is out today, offering a comprehensive look at the UK's manufacturing performance across the UK regions over the last year. Download the report to find out how manufacturing has evolved in your region: https://lnkd.in/eU7ZHvek #manufacturing #UKmfg #ukmanufacturing #manufacturingoutlook

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Watch back our latest Manufacturing Outlook webinar with Make UK This quarter, we were joined by Stephen Phipson CBE, Chief Executive at Make UK. Stephen shared his expert perspective on the multifaceted opportunities and challenges facing UK manufacturers today—from the pressing talent shortages to the complexities of supply chain and trade. We also delved into government priorities and the importance of an industrial strategy for the sector. We were also joined by Senior Economist James Brougham who provided an update on the results from our Q3 Make UK/BDO Manufacturing Outlook. Listen back to the webinar here: https://lnkd.in/e-G-hRRu #UKmanufacturing #webinar #ManufacturingOutlook

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When a major manufacturing plc was acquired by a global organisation in a £250m deal, Oakwood Resources placed an interim manager to deliver financial strategy and debt reduction to get the business back in the black. Following an ERP implementation seven months prior to the sale, debtors had been neglected and increased significantly, resulting in a negative impact on cash flow. This lack of strategy resulted in overdue debt at 22% of total debtors. Oakwood Resources placed an experienced interim manager who focused on quick wins to gain momentum. They also undertook a full ledger review to ensure that all doubtful items were fully provided for at audit and to identify key challenges for further analysis. Finally, meetings were held with auditors and credit insurers to explain the handover strategy and agree on renewing insurance cover on the acquirer's existing terms. The company's CFO left a great testimonial, stating, "Bringing in an interim manager from Oakwood Resources was transformative." Read the full case study here: https://lnkd.in/eREPW9Hp #InterimManagement #OakwoodResources #BlendedSolutions #interimprofessionals #financialprofessionals

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**5 Ways a Great Accountant Can Help Your UK Business Thrive** Running a successful business is exciting, but managing finances can be complex. That’s where a great accountant , someone who sorts out the numbers, comes in. Here are five key ways they can support your business: 1. **Tax Compliance and Planning** Navigating the UK tax landscape can be tricky. A great accountant not only ensures your business remains compliant with tax laws but also helps with tax planning strategies. By identifying deductions and opportunities, they minimise your tax liabilities and maximise savings. 2. **Cash Flow Management** Cash flow is the lifeblood of any business. An accountant can help manage your inflows and outflows, ensuring you have the liquidity needed to meet obligations and invest in future growth. 3. **Profit Maximisation** Are you making the most of your business’s potential? A skilled accountant can analyse your financials, pinpoint areas of inefficiency, and provide insights to boost profitability, ensuring you get the best return on your efforts. 4. **Cost Control & Efficiency** Business expenses can quickly spiral. Accountants help identify unnecessary costs, streamline operations, and improve efficiency, making sure you keep your finances healthy while running a lean business. 5. **Strategic Financial Planning** Planning for the future is crucial. From budgeting and forecasting to supporting long-term growth strategies, an accountant provides the financial insights needed to make informed decisions that set your business up for lasting success. Partnering with the right accountant allows you to focus on growing your business while they take care of the numbers, helping you thrive today and plan for tomorrow. #Accountancy #TaxPlanning #BusinessGrowth #CashFlowManagement #ProfitMaximisation #FinancialPlanning #BusinessStrategy #SmallBusinessSupport #Entrepreneurship #UKBusiness #Efficiency

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Yes! We now have in-house VAT expertise 🥳 So pleased to welcome Daphne Hemingway to the team, this will ensure that not only our existing project work will be more robust and streamlined but we are now able to offer our clients top quality VAT advisory services. First step, we're putting together the next episode of the Jerroms Miller Tax Hour podcast about VAT on school fees, more details to follow... Watch this space! #newhire #VAT #expansion

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All very true. Empathy and understanding and expert knowledge aquired over a long and successful career. The portfolio FD should deliver everything that the client needs from an FD in just a few hours per month. #portfoliofd #parttimefd #financedirector

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We are seeing an increased level ⬆️ of interim requirements in 2024. Main reasons for these interim roles.👇 ✅ Cover for the business whilst they undertake a permanent search. ✅ Interim resource below a new CFO to enable them to get an accurate picture of the business. ✅ Interim resource to lead on a key financial milestone such as an equity or debt raise. ✅ Interim project role to improve the system, processes, and finance technology within the business. ✅ Interim project to bring finance in-house for the first time. What are other reasons and the benefits of hiring an Interim CFO / Finance Leader? 🤔   1. Continuity and Stability: Transition periods can be challenging for any organisation. By having an Interim CFO / Finance Leader in place, you ensure continuity in financial leadership, maintaining stability and confidence among your stakeholders.   2. Immediate Impact: Interim CFOs / Finance Leads will hit the ground running, leveraging their extensive experience to provide immediate support and guidance. This ensures that critical financial functions continue smoothly without disruption.   3. Strategic Insight: With their wealth of experience, Interim CFOs / Finance Leads offer valuable strategic insights and fresh perspectives. They can identify areas for improvement, implement best practices, and help shape your financial strategy during this transitional phase.   4. Flexibility and Agility: The interim period allows you to assess your long-term CFO / Finance function needs more thoughtfully. By engaging an Interim CFO, you have the flexibility to evaluate different skill sets and leadership styles before making a permanent hire.   5. Talent Acquisition Support: Hiring a permanent CFO / Finance Lead is a significant decision that requires careful consideration. Your Interim resource can provide invaluable input and support throughout the recruitment process, ensuring you find the best candidate to lead your finance team into the future.   Hiring an Interim CFO / Finance Leader demonstrates your commitment to maintaining financial stability, driving strategic growth, and ensuring a seamless transition as you hire the most appropriate permanent finance leader and design a best in class finance team. What else am I missing?

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Mid-year Exchequer returns show another strong period for corporate tax receipts, reaching €12.17 billion. However, Ireland faces concentration risks, with just three companies accounting for over 40% of corporate tax revenue. In an uncertain global environment, proactive measures are crucial for attracting sustainable investment. In that context, Budget 2025 will introduce significant reforms, including a participation exemption for foreign dividends. PwC Ireland's latest insight shows how these changes can shape Ireland’s future prosperity. Read it here: #Budget2025 #CorporateTax

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📊💷 UK Business Owners: Keep Your Finances Clean and Taxman at Bay Separate personal and business accounts = tax headache prevention 🙌 ✅ Easier tax reporting ✅ Clear for HMRC ✅ Claim all business expenses ✅ Avoid costly mix-ups Plus your accountant does not have to see all your personal spend! So whether you're a sole trader or Ltd director, this simple step can save you time, stress, and potentially money! #UKBusiness #TaxTips #SmallBusinessAdvice

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