As one of our nation’s key industries, we understand the role that agribusiness plays in our economy. From environmental conditions to succession structures, we understand the complex factors that may affect your agribusiness. Here are some of the business and strategic solutions we provide for agribusiness of all sizes.
A Business Plan sets the future direction for your business. During a Business Planning session with AllanMcNeill, we’ll help you set solid and realistic goals for your business and determine the actions you need to take to achieve these. This could include identifying the opportunities and challenges in your business, setting your revenue targets for the year, and creating Key Performance Indicators to keep your business on track.
It’s essential that you understand the expected cash inflows and outflows in your business. A Cashflow Forecast allows you to monitor and maintain your cashflow on a monthly basis. It gives you control over the cashflow in your business, and helps you identify how much you need to set aside for tax. A Cashflow Forecast is critical to the survival and growth of any business.
A Chief Financial Officer service is ideal for medium sized businesses on a growth trajectory, but without sufficient scale to employ someone. The purpose of this service is to provide a business overview which will help clients to meet their strategic goals and achieve longer (5 and 10 year) business plans. Our AllanMcNeill representative will attend your strategic meetings. Farmers find this service particularly useful because of their long term focus and requirement to look at succession and growth.
AllanMcNeill’s Financial Review will help you to understand your business better, enabling you to better manage your cash flow. Good management decisions rely on a sound understanding of the financial implications for your business. We will set regular meetings, dependant on your requirements, to discuss your financial results.
As a farmer, you spend years building up significant assets, knowledge and skills, but how and when do you know to pass these on? Succession is not just an issue for retiring farmers, as illness or death can strike at any time. AllanMcNeill works alongside you and your family to ensure your business is ready to transition to the next generation. We will work with you to develop your Succession Plan by identifying your succession options, clarifying your objectives - considering business, personal and family expectations - and defining the steps you’ll take to achieve them.
The Trusts Act 2019 which came into force on 31 January 2021 demands much greater accountability from Trustees. Our Trust Review provides a framework to ensure your Trust is meeting its objectives. AllanMcNeill can examine your trust set up and identify any administration gaps. We can also ensure your Trust is compliant with legislation and that trustees are meeting their obligations.
Let’s talk about how we can help.