Support Solutions UK help Cumbria Community Homes with technical consultancy and advice in terms of their structural framework. We are also responsible for constructing their rent and service charges. Recently Cumbria Community Homes commented "Thanks Danny we couldn't have done it without you. Your knowledge and expertise in the sector is amazing. You go above and beyond for us. No better partner to help us grow. We will be forever grateful."
SUPPORT SOLUTIONS UK
OPERATIONAL & FINANCIAL PERFORMANCE REVIEWS
Support Solutions UK boasts over 25 years’ experience in financial consultancy services within the social housing sector.
Our team of Financial Consultants have carried out lots of work with lots of different companies offering specialised skills for specific projects but particularly specialise in Supported Housing and Supported Living.
Quite often we get asked why companies may want to engage a financial consultant. We will now look at why …
WHY DO CLIENTS NEED A FINANCIAL CONSULTANT?
Companies going through change or new stages of growth may find themselves faced with the need for immediate financial assistance. Currently, it’s a good idea to step back and look at the benefits of bringing a financial consultant onboard.
- Specialised skills for specific projects
Hiring specialised consultants for a project will mean that the project can be completed knowing that you are utilising experience and expertise, which will provide the ability to improve strategic and operational performance.
A consultant will help you actualise a unique task or a one-time project that your company needs.
- Lower costs
Even though a contract worker’s wage is a similar or higher hourly rate, you’ll usually still end up saving, on average, 20 to 30% when you compare all the expenses associated with hiring a full-time employee.
Generally, there are four additional costs associated with hiring employees that you don’t need to worry about when hiring a consultant. These additional costs include:
- Administrative expenses: Accounting fees, payroll taxes, legal fees, etc.
- Benefits: Health insurance, retirement contributions, paid time off, annual bonus
- Overheads: Workspace, computer equipment, office supplies, etc.
- Training: The cost of onboarding and continuous training. Meanwhile, contract workers possess all the necessary specific skills and qualifications required to complete a specific project.
- Fresh eyes
While your internal team is essential to the success of your business, it’s not uncommon that employees miss problems because of being too close to the issues to see them.
Contract workers are not restricted by preconceived ideas and can step in with a fresh perspective. An external contract worker will seek to find new solutions for your business design and be the catalyst that you need to drive your business forward.
- Faster Delivery
Consultants are focused only on the task at hand, without other day-to-day distractions and obligations that employees might encounter. They also know it’s in their best interest to remain viable and meet the goals of their contract within the given specific time frame.
- More Flexibility
Whether you take on a small-scale project or a much larger one, your business needs are fluid, so having a flexible team is favourable. By hiring consultants, you can ensure you have just the right number of workers along with on-demand skills to accomplish all projects that come with the evolution of your company.
As part of our Financial Consultancy offering, SSUK can provide organisations with both OPERATIONAL REVIEWS and FINANCIAL PERFORMANCE REVIEWS.
OPERATIONAL REVIEWS
SSUK are skilled in advising and assisting social housing providers with their human resources to ensure that they are structured and managed, operationally, to achieve compliance and operational efficiencies.
Our team of experts provide operational reviews with the intention of providing an in-depth and objective review of an entire organisation or a specific segment of that organisation. The review can be used to identify and address existing concerns within your company such as communication issues between departments, problems with customer relations, operating procedures, lack of profitability issues, and other factors that affect the stability of the business.
Our operational reviews allow the organisation members to evaluate how well they are performing, given that they perform appropriately according to the procedures set by them, allocating their resources properly, and performing such tasks within time frame set and using cost-effective measures. More importantly, it also shows your company how well it is prepared to meet future challenges.
FINANCIAL PERFORMANCE REVIEWS
SSUK are practised in carrying out robust financial reviews of organisations to optimise efficiencies and to improve the long-term profitability and effectiveness of the business.
Our team of financial consultants offer clients a big picture analysis of their finances. They break down different aspects of a client’s financial picture, including assets, expenses, and income, and help them create a financial plan to reach different types of goals.
They are here to essentially make educated financial decisions for you.
If your company needs assistance from one of our Financial Consultants, get in touch today by contacting:
Tel: 01325 487080