Credit Crunch: Furniture Manufacturer with cash issues

A furniture manufacturer had reduced profitability and was constantly up against its overdraft limit. We carried out a review, produced an Action Plan and a Business Plan that:

  • Helped them understand that their choice of supervisors was unwise.
  • Helped them understand the value of good management information and how to obtain it from their systems.
  • Helped them understand that their spare space could be sublet.

Afterwards:

  • They had management accounts that give useful information.
  • They knew the cost of a productive hour.
  • They had costed all their products and knew the margins
  • They expanded their markets.
Martin Bonser Martin Bonser

An experienced senior manager, Martin has been involved in industry with Business Planning and staff development issues and achieved considerable success. He is also an experienced trainer, particularly staff appraisals and development programmes ...

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