Financial Management

Robust and efficient systems are employed to ensure that the information required to run each farming business effectively is provided on a timely basis throughout the management team. This is key to ensuring the financial success of each business we run and to meet our client’s objectives. The framework under which we operate each business comprises:

  • A 3 Year Plan, setting out the strategy to achieve the objectives for our engagement,
  • A detailed annual budget, set at farm level using a “bottom up” approach to determine profitability, funding requirements and return on capital employed,
  • Close scrutiny of monthly management accounts and ongoing monitoring of actual versus budget performance
  • Regular formal reporting procedures
  • Discreet benchmarking of performance

Our experienced Head Office team at The Veldt House delivers a dedicated accounts and reporting service, right from invoice processing, payments and the preparation of management accounts to liaising with professional advisers and institutions. Regardless of where the financial recording takes place, the same discipline and scrutiny is exercised in reporting performance.