A common problem in business is managing working capital and the client in our case study had a particular difficulty in this area.

The client had successfully merged three businesses with our assistance and had operated the newly merged entity for twelve months. However, problems were being created because no one understood fully that the working capital in a newly merged entity is finely balanced. When financial requirements were not met the client began to realise.

Walkers took these events into consideration during the planning of the audit work and presented the client with a report of the situation together with an action plan to eradicate the problem in the future.

Born of the need to perform a statutory audit the client had received a service of practical importance and of necessity for continued growth and expansion.