Profit Cash Growth

This episode of the Profit Cash Growth Podcast helps business owners identify the single metric or small set of metrics that will most improve profitability. We take you through a practical KPI workshop: identify your biggest monthly cost, link that cost to turnover with a clear ratio or metric, and segment your business into no more than five categories. Track the chosen KPI for each segment, analyse the top and bottom performers ...

In this episode, we explain SSE (Substantial Shareholding Exemption): what it is, the three qualifying criteria (10% ownership, 12 months’ holding, and trading status for parent and subsidiary), and a real client case that shows how group structures can accidentally trigger extra tax if set up without the right advice. If you have or are considering a group structure, check whether SSE applies to you and get specialist advice to av...

In this week's episode we apply Charlie Munger’s “invert” approach to your business: listing common mistakes that make a finance function fail (unqualified staff, manual processes, duplicate records, poor credit control, mixed accounts, and ignoring the numbers) and outlining practical, modern fixes.

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This week our main focus is a powerful but widely overlooked tax relief: if you personally borrow money (for example by remortgaging or taking a personal loan) and lend it to your limited company, you can usually claim the interest on your Self Assessment as a tax-deductible expense. That can reduce your personal tax bill, may be worth significant sums and can be claimed up to four years in the past with supporting evidence.

We exp...

In this episode of the Profit Cash Growth Podcast Clare Hancott answers listener-submitted questions, covering how much cash businesses should hold, the cash demands of fast growth, when to hire finance support, strategies to collect payments faster, and the key numbers owners should monitor monthly.

Whether you run a service-based business or manage inventory, Clare gives practical guidance on cash buffers, forecasting during grow...

This week, we tackle one of the most critical aspects of business growth: recruitment. If your recent hires have been disappointing, you're in for a transformative session that will elevate your hiring game to new heights.

Claire shares actionable insights and frameworks aimed at refining your recruitment strategies. They discuss the role AI plays in optimising the recruitment process, ensuring you attract and select the best talen...

This week, we dive into the transformative potential of Artificial Intelligence (AI) for businesses of all sizes. We shed light on the creative use of AI agents for automated daily briefings, revealing how businesses can start small but think big with AI. Claire also shares her insights on using AI to create a business model that is not overly dependent on her, thereby showcasing AI’s potential to foster a scalable business environ...

In this episode we discover how smart payment runs can transform your cash flow, offering insightful tips on how to efficiently manage supplier payments and strengthen financial controls. From categorising suppliers for smoother transactions to utilising technologies for stress-free approvals, learn how to establish a seamless and effective financial process in your business.

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In this episode we delve into the intriguing world of Employee Ownership Trusts (EOTs). Claire Hancott, a seasoned finance director and chartered accountant, guides listeners through the mechanics and benefits of EOTs, revealing why they are becoming an increasingly popular exit strategy for business owners. Discover how EOTs offer a tax-free way to sell your company while ensuring a seamless transition to your employees. We unveil...

This week, we dive into a dynamic and somewhat fiery discussion about the often-overlooked intricacies of setting Key Performance Indicators (KPIs) in business. The conversation takes an unexpected turn as Claire and Simon find themselves at odds over the best strategies for motivating teams and measuring success.

Delve into the nuances of KPI triangles, the balance between action and impact, and the importance of creating a suppor...

In this episode, we dive into a crucial question for business owners: does your business need a CFO or a Financial Controller? 

The podcast offers practical advice on assembling an effective finance team, detailing the crucial roles of a bookkeeper, financial controller, and CFO, and when businesses should consider each role. This episode is packed with valuable insights for business owners looking to streamline their finance funct...

This week we delve into the fascinating nuances of business travel expenses and tax regulations. We explore the often misunderstood realm of what business expenses can be legally claimed, particularly when it comes to travel and entertaining staff.

We focus on the 'grey areas' of accountancy related to business travel expenses. It demystifies notions like 'wholly and exclusively' for business purposes and the concept of 'duality of...

This week we delve into the critical need for businesses to become ‘recession ready’ as we explore the necessary steps six and seven-figure business owners should take to safeguard their ventures against economic downturns.

You'll get actionable guidance on how to prepare for potential recessions, including understanding your business's "margin of safety", effective cash management strategies, and reviewing your customer and suppli...

This week we delve into the labyrinth of hidden taxes that lurk within your business structure. Claire outlines key considerations for business owners, from understanding the nuances of business rates, payroll taxes, VAT, and corporation tax, to the specific risks these pose to smaller group enterprises. We provide practical advice and real-world examples to help listeners navigate these potential pitfalls and optimise their financ...

In this week's episode of the Profit Cash Growth Podcast, we delve into cash flow challenges facing business owners. Claire shares her insights on navigating cash shortages and the practical steps business owners can take right now.

For business owners on the brink of a cash flow crisis, this episode outlines straightforward approaches to addressing the situation, from renegotiating with clients and suppliers to utilising governmen...

This week we tackle the intriguing question: Is your P&L lying to you? Join hosts Claire Hancott, a seasoned finance director and chartered accountant, and Simon for a deep dive into the complexities of profit, cash flow, and business growth.

As you navigate through the financial maze, Claire explains why focusing solely on the profit and loss statement can be misleading. She unveils the full financial picture you need by consi...

In this week's episode, we delve into the intriguing world of business metrics with a particular focus on Revenue Per Employee (RPP). Aimed at six and seven-figure business owners, your host is joined by co-host Claire Hancoctt, a seasoned finance director, chartered accountant, and entrepreneur, to explore how to drive profitability and enhance business growth.

Listeners will gain practical insights as Claire provides detailed i...

This week we unveil six game-changing technologies that promise to redefine your financial strategy. We deep dive into essential tools that make up a potent tech stack empowering businesses to streamline operations and enhance profitability.

From comprehensive accounting systems like Xero to powerful add-ons such as Dext, Apron, and Mayday, learn how these modern solutions can significantly improve efficiency. Find out why being te...

This week we delve into essential strategies for business owners, particularly those experiencing rapid growth and managing significant cash reserves. We address a common conundrum for successful businesses: what to do with excess cash. Claire Hancott outlines six strategic options, from buying commercial property and paying down debt to reinvesting in your own business or considering traditional investments outside your core opera...