"Things are not always what they seem in this place,” - David Bowie nailed it!

A quote from “Labyrinth” that is so true for the construction sector.

Imagine you're celebrating a profitable project coming your way, only to discover later that it's negatively impacting your cash flow.

Let me share an example. You get a project promising a £200,000 gross profit in six months, which sounds incredible.

But is this profit enough for your business?

Those six months aren't just to cover the direct project costs; Your company has overheads, such as

• Six monthly rent payments for your offices

• Wages for the directors and admin staff

• Insurance, Telephone, fuel, to name a few!

It's a familiar story – projects that look fantastic at first glance, but what you see as a £200k profit after covering overheads is barely break-even.

Knowing this is a challenge for our clients, we have crafted a free tool for construction companies when taking on new projects.

Our calculator simplifies assessments, empowering you to conduct insightful what-if analyses and make informed decisions about which projects to take.

Use the calculator to

• Negotiate the sale price to ensure it is profitable for you.

• Whether the gross profit covers the overhead costs

• Indicate how the project’s capacity (workforce) impacts your decision.

Here is the link:

Discover the true potential of your business with Prevail Accountancy – where success meets strategic financial insight!