“MD consulting provide us with monthly management accounts that we measure against our cashflow forecasts and profit and loss accounts. This means that we can always see exactly where we are financially and can plan ahead for any peaks and troughs that are so prevalent in the construction industry.”
I L Beeks are a buildings contractor and developer based in High Wycombe. The family owned business was established in 1965 and specialises in large extensions along with commercial and house building projects. The company has five directors and employs twenty people who now support a business turnover, which will exceed £5 million this year. Paul Beeks is one of the directors and he chooses to work with MD Consulting for all of the companies accounting needs.
Says Paul “we have worked with the MD Consulting team for many years and benefit from their experience in accounting and tax advice. We find that they go that one step further than other firms we have worked with and really take time out to understand our business goals as well as the complex industry we work in”.
Paul relies on MD Consulting to take hands on approach to the business accounting needs, which he says “has proven invaluable. MD consulting provide us with monthly management accounts that we measure against our cashflow forecasts and profit and loss accounts. This means that we can always see exactly where we are financially and can plan ahead for any peaks and troughs that are so prevalent in the construction industry. We have been able in most cases to eradicate future financial problems because we can see a bigger picture through the management accounts”.
The board of directors at I L Beeks regularly invites MD Consulting to attend their board meeting and take the role of “virtual” financial director at these meetings. “We involve the MD Consulting team at this level to help us map out future projects. We really want to pull in as many bigger projects as possible and as part of our planning for this we involve MD consulting in the preparation of budgets and cashflows”.
Paul is pleased with the way in which MD consulting really rolls up their sleeves within his business and says, “the team are excellent. They are young, efficient, friendly and really know what they are talking about”.
Paul Beeks, Director, I L Beeks