1. Brief history of Financial Solutions Group and UK Business Advisors
Institute of Independent Business (IIB) formed 1984 IIB Business Advisors informal network 2002 UK Business Advisors incorporated 2004 – 85 members Two specialist groups created Turnaround Group (TGBA) and Financial Solutions Group (FSBA) covering most of the UK Specialist groups merged 2018 and now operate as FSBA
Brief history of Financial Solutions Group and UK Business Advisors

2. Experience of FSBA members
Background of typical member
Have run a reasonably sized SME or has been a senior director in large business
In depth experience of business
Already established as business advisor
Probably would have had experience of turnarounds
Often may be or have been an Accountant, finance director or finance broker
Experience of FSBA members

3. What services do FSBA provide?
Financial Management
Cost reduction strategies
Credit management controls
Business planning and cashflow forecasting
Exit strategies
Financial restructuring
Turnaround
Access to specialist debt and equity providers
Company sales-
Mergers and acquisitions
Grants
What services do FSBA provide?

4. Improve cash flow, improve cash flow ,improve cash flow
Look to increase margins and profitability
Find ways to minimise overheads and third party costs
Refinance existing assets
Consolidate existing borrowing
Look for fast access to the most affordable funding options
Secure jobs and minimise the impact on staff morale
Maximise utlilisation and efficiencies in the workplace
… ALWAYS look for the quick wins to achieve maximum stability
The FSBA approach

5. Company profile: Turnover £750k Sector: Security services firm Problem: Just lost £100k FSBA member solution: Brought in short term capital funding, streamlined operations, reduced business costs and closed unprofitable lines with no loss of jobs. Result: Stabilised business in 3 months, achieving £75k profit within 12 months and sales growth.
FSBA in action

6. FSBA in Action (cont) Manufacturing company Turnover 8m
Years of ongoing losses (Millions) all funded by external shareholders
Locked in to fixed price contract with largest customer
FSBA called in by shareholders to review
FSBA Member solution
Identified-poor key senior management
Restructured board,introduced tight control and forecasting of cash ,refinanced some assets ,made significant cost savings on overheads all of which meant remaining senior management could focus on what they were good at-including renegotiating fixed price deal
Now operating at break even and will make a significant profit in 2019
FSBA in Action (cont)