Small Business Services

Your business will transition through the “business lifecycle” over the years, and each stage will have its own set of challenges and opportunities.

Our services are designed to support you with the insight, understanding and skill required to successfully navigate the phases of the lifecycle – Starting Out, Gearing for Growth, and Stability and Progression.

small business services

Starting Out

Starting your own business will likely be one of the most daunting and rewarding experiences of your life. Starting off on the right track is essential, and this means careful planning, research and preparation.

This is the learning stage; you may not have the experience, the market knowledge or a thorough understanding of the business you are trying to build. You may not know what you are doing … but that’s OK; at Golding Solutions we have developed a suite of services with the start-up and the individual in mind.

If you are already experienced then you will know the importance of supporting your business with the right partners and skills. Through the mix of our services we ensure that you have the right infrastructure, platform and support to allow your business to flourish.

Business Planning

You have invested time and money in your business idea; the aim now is to get your business onto a stable footing generating revenue and profit. Detailed planning can greatly increase the chances of success, and we can help.

A well written business plan is an essential first step to building a successful business … a plan that focuses on the people, the opportunity, and the possibilities of risk and reward is a powerful tool. Without such a plan, you’ll find it more difficult to communicate your vision and deliver a path to growth.

Whether we work with you to develop a comprehensive business plan from scratch or simply review an existing plan, we can help you develop a clear and viable roadmap to success.

Company Secretarial

When starting a business, one of the most important choices you make is the business structure through which you operate.

Each business is different, and there is no one size fits all approach to deciding a structure. The decision you make on legal structure will be dependent on a number of factors, the most common being:

  • Cost and complexity – If you are starting your business with minimal capital, you may want to operate through a simple structure, like a sole trader or partnership avoiding the costs and administration associated with a corporate structure
  • Type of business – if your business is inherently risky, you would benefit from operating through a limited liability company that protects your personal assets from business claims
  • Tax considerations – the choice of legal structure can have a significant effect on the amount of tax you pay and the types of tax you pay; choosing an appropriate legal structure may have some tax benefits to you.

We help you understand the options and assist you in making informed decisions from the outset.

Once a decision on structure is taken, we can complete any registration procedures with Companies House and HMRC. We can also undertake ongoing services to ensure you remain legally compliant and your company records stay up to date.

  • Maintaining statutory registers
  • Completion and filing of statutory returns
  • Preparation of minutes and resolutions

Accounting and Compliance Services

Starting out is tough; the business needs you and there will be competing demands for your time. You will have a range of responsibilities, some of which you may not be comfortable with, and these will eat into the time you need to focus on building your business.

Let us take care of your accounting and compliance responsibilities, freeing up your time to dedicate to your business.

Accounting Services

  • Bookkeeping & Accounting
  • Management Accounts

Compliance Services

  • VAT returns
  • Financial Accounts
  • Payroll processing
  • Corporation Tax returns

Gearing up for Growth

Your business is up and running, and you now want to take the business to the next level

You will have loads of ideas and the excitement is high, but typically you have too much work, and not enough time in the day to get everything done. You need a support infrastructure. You need people, processes and systems without prohibitive costs.

We can help you develop and sustain an infrastructure that provides the control and support you need for your business.

Control Environment

An effective control environment that includes accurate and real time access to financial information is the foundation for building a successful company. It is an important aspect of your business’s governance, management and operations.

By engaging Golding Solutions in the provision of Accounting and Compliance Services you have already taken the first step to success, but there is more to be done. Putting in place risk management and internal controls will help you understand the risks your business is exposed to and will safeguard against threats and effectively pursue business growth

We work with you to

  • Design and implement an appropriate controls framework
  • Develop financial plans and budgets
  • Improve the use of dynamic dashboards and analytics in running the business

Systems and Implementation

You need a system that provides you the information you need to take the right decisions. The type of system will depend largely on the nature of the business and, with the rate at which accounting software has evolved over the few years, the options are vast.

We will work with you to

  • Review your existing system and procedures, and identify exactly what you need
  • Choose a new accounting system, and customise it to suit your needs
  • Develop a training program and train your team on the use of the system

It’s easy to get bogged down in day to day management but never forget the bigger picture. All successful businesses invest the time to create an infrastructure that both controls and supports the business growth.

You can’t afford to ignore it … get in touch now to discuss your needs.

Stability and progression

You no longer need to solve the problems of a growing business; the business has an infrastructure that reflects an established and sustainable business. The challenge now becomes one of maintaining and improving market share and profitability.

Leveraging the business’ success and making considered strategic decisions will provide the opportunities, but this does come with increased risk as the business and the infrastructure changes, and the consequences could be significant.

As your long term business partner, Golding Solutions is ideally suited to provide the support and advice you need to arrive at the right decision.

We offer a variety of bespoke services.

Virtual CFO Service

A virtual service allows access to highly skilled professionals at a fraction of the cost of a similarly qualified permanent placement. In essence, you pay for what you need … it is cost effective and the return on investment is clear.

A good virtual CFO has a long successful background in business, and will be a vital sounding board. They are forward looking and strategic; proactively assessing the business to ensure resource requirements are identified and addressed before they are needed.

Primary services to small business are financial planning, maintaining and reporting on financial activities and managing financial risk; and would include

  • Budgeting
  • Cash flow forecasting
  • Business cases / Feasibility studies
  • Strategic Planning
  • Board membership
  • Corporate governance

There is no right time to transition to a virtual CFO, but it is imperative to work with someone you know, you like and most importantly, you trust. If this service is of interest to you, please get in touch.

Business Consultancy

Business consultants have long been an important part of the business culture, helping businesses drive growth, business transformation and improved effectiveness.

At Golding Solutions, we put our clients’ needs first. We spend as much time as necessary to understand the business, the culture and the perceived needs. We ensure all options are considered before a decision is taken on a final course of action.

Any work undertaken is fully documented in an engagement letter setting out the work to be undertaken, the approach, the deliverables and the cost. This is agreed upfront, so there are no surprises.

If you believe you have a need for a business consultant, please get in touch.