Business Review and Performance Improvement Mechanisms to Deliver Record Profits in 2010

NS Murphy were recommended by one of our loyal and long-term existing clients to a failing manufacturing business who had faced an enormous drop-off in revenue, mainly due to the current world-wide economic recession, turning a previously very profitable business into a significant loss making organisation with serious cash-flow issues.

NS Murphy undertook a comprehensive business audit and worked with the Company Directors to understand the underlying issues within the business and to analyse why client work and orders had so quickly and severely decreased.

A structured and tactical plan of action to bring both new business in and to urgently increase revenue streams and profits were developed with the client, including recommendations on enhancing client contact and marketing techniques whilst simultaneously reconstituting and revising the current internal debt-chasing processes and procedures to urgently improve both cash collection and cash-flow.

A year on, since NS Murphy began to work with the client, the business has recorded record profits for the month of September 2010 and our client continues to benefit from a long-term, profitable and professional relationship with NS Murphy as the businesses retained and trusted advisers.