The Financial Doctor
operates in a similar way to medical doctors and undertakes specific
one-off work for clients ('patients') who are not as
healthy financially as they might be.
We do this by providing remedial support for under-performing
enterprises for varying lengths of time.
Visiting the Doctor early enough will result in a successful recovery.
Research though shows that the later a patient waits to see the Doctor,
the more difficult it is to make a complete recovery!
We have recently helped organisations in the manufacturing, educational and service sectors.
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Helping the patient
Using specially designed tools, The Financial Doctor will:
- review and assess the financial health of the client
- diagnose the underlying problems which have resulted in the client's ill-health
- prescribe remedies for the condition via a detailed report
Taking the medicineHaving discussed the options with the 'patient', The Financial Doctor is will usually:
- undertake 'surgery' leading to the client's recovery and good health
'Surgical work' typically involves Axiom-e working over a period of time to undertake the action necessary to turn the business round.In a number of cases, the 'surgery' could well result in Axiom-e being appointed as a consultant to - or non-executive director of - the client to help ensure that the client stays on the right track.
If corrective action is not desired or warranted, The Financial Doctor will help to minimise the ongoing impact on the client company or their directors and shareholders by introducing them to other specialists advisors such as liquidators/administrators and lawyers.
The Check-up
To ensure that the corrective action remains successful, The Financial Doctor will:
- undertake a follow-up review at a suitable future date.
Following a review with a client, they emailed to say "Thanks. It was a really
useful session. It felt like going to see the GP for a thorough check. It
certainly helped me to think about what I should be focusing on."
Making an Appointment
We are sometimes called in by banks or liquidators to help turn their clients round. In other cases, one or more of the Company's Management Team realise that they need help and contact us directly.
To see The Financial Doctor, please make an appointment. Although The Financial Doctor will quote a fixed fee for his services before undertaking any work, the initial consultation is free.
We look forward to helping you.
The Financial Doctor recently came across an interesting quote on p56 of Bean Counters by Richard Brooks:
Charles Waldo Haskins - co-founder of the largest US firm at the end of the nineteenth century Haskins & Sells [now Deloitte] - considered an accountant to be 'the consulting physician of finance and commerce.' ... In Haskins' view, it was essential that an accountant 'understands the anatomy and
physiology of business ...[and] diagnoses abnormal
conditions and suggests approved remedies'.
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