Brown&Co
Business review service for farm businesses launched at fixed fee of £800 plus vat
Business review service for farm businesses launched at fixed fee of £800 plus vat.
UK agriculture has experienced an unprecedented and challenging three years, with pressures resulting from extreme weather, global conflict, political decision-making and proposed changes to inheritance tax (IHT) relief.
These external forces have combined to exert financial stress on many farming businesses. Brown&Co is responding to this difficult environment by launching a service that offers farmers a cost-effective business review.
The launch comes after the ending of the Future Farming Resilience Fund (FFRF), a project that involved Brown&Co’s Agricultural Business Consultancy (ABC) team, and which now leaves a gap for a mini business review.
The Brown&Co review, offered at a fixed fee of £800 plus vat, will report on key performance indicators in a business and benchmark these in a format that will help farmers and their financial supporters understand their business challenges better.
The review will be conducted by an experienced Brown&Co consultant delivering professional advice and recommendations presented in a report tailored for farmers but also providing banks with useful information.
This service means farmers can have a cost effective report with three core actions:
• To analyse
• To compare
• To recommend
The business will be reviewed, including accounts for the previous three years, and KPIs will be measured and benchmarked against industry data.
While analysing the current position, the service will utilise a consultant’s expertise and experience by including suggestions for ways a business might improve. Providing a business appraisal report will enable farmers to start important conversations with their family, other stakeholders and their bankers.
Brown&Co has over 60 experienced independent agricultural business consultants across the UK who are available deliver this service.
They can create a business report that not only reviews historic performance, but recommends further action where applicable. Actions such as collaboration through joint ventures, business diversification or engaging with environmental schemes; targeted, constructive and proactive recommendations that will enable a business to strategically progress.