Profit improvement

Companies which are profitable and cash positive can still be under performing their potential and have substantial room for profit improvement.

Icknield has worked in a number of situations where substantial profit improvement is possible. Our approach to each situation varies but the standard steps usually involved comprise:

• Undertaking a short review to produce a high level assessment of the extent of profit improvement which is feasible

• Comparing performance against key competitors

• Reviewing the key drivers of profit in each segment of the business focussing on:-

– Revenue – how can it be increased?

– Gross margin – what steps can be taken to improve margins?

– Overheads – what costs can be eliminated without affecting revenue?

• Creating an action plan and timeline for each activity required to improve profitability

• Bringing the various initiatives into an overall Profit Improvement Plan

Link to a case study