Ahead of the inaugural TBE Awards this October, we’ve been chatting to some of the category sponsors to find out more about them.
Today we hear from Ian Lloyd, Partner at South West-based accountancy firm Milsted Langdon which is sponsoring the Going For Growth Award.
Ian has a wealth of experience in advising owner-managed businesses across a wide range of sectors. His clients benefit from his close links with Business West and the Confederation of British Industry.
Committed to building strong working relationships with his clients, an important part of Ian’s approach is to put himself in their shoes and understand from their perspective what guidance they need including areas such as proactivity, accessibility and costs.
In his answers below, Ian explains what he is looking forward to most about the awards night and offers some top tips for businesses looking to ‘go for growth’…
Why did you decide to get behind the award?
Milsted Langdon has worked with TBE for many years and so when the opportunity arose to be involved in this exciting new initiative, I was keen to get involved. At Milsted Langdon, we are constantly looking to help businesses grow and thrive, and this award aligns perfectly with what we look to achieve with our clients. Plus it’s always great to celebrate the growth of businesses in Bath and the surrounding region.
How does Milsted Langdon help businesses and charities / not-for-profits on their growth journeys?
We are a full-service accountancy firm and work with our clients throughout the life-cycle of their business; from starting up to focusing on growth and scaling up, right through to getting ready to sell or exit their business. We are with our clients every step of the way on their journey – for both their personal finances and tax planning, as well as business needs.
What are Milsted Langdon’s top tips for ‘Going for Growth’?
- Cash is king: Prioritise forecasting and managing cash flow. Having a steady stream of income is essential to meeting your obligations and costs
- Maintain adequate reserves: While cash flow is important, businesses often underestimate the importance of liquidity. Having adequate reserves acts as a buffer during downturns
- Think about diversification of revenue streams: Explore new opportunities
- Regular financial health checks: Keep on top of your finances and where possible use technology to allow up-to-the-minute analysis and decision-making.
Incorporating these strategies ensures your business not only grows but thrives.
Who would you like to see enter this award?
I would encourage anyone, including my own clients, that have grown their business in the last year by taking on more employees, reaching key milestones or increasing turnover, to enter the awards. These awards are about celebrating successes whilst also meeting other local businesses in the region.
What element of the TBE Awards are you most looking forward to?
To see a variety of different businesses come together to celebrate their successes! Recognising achievements is so important and these awards are a great chance to do just that, whilst catching up with lots of familiar faces and making new connections and raising a glass to the great work and thriving business community we have!
To find out more about the TBE Awards and to enter visit: www.tbeawards.co.uk
Pictured above: Ian Lloyd, Partner at Milsted Landon, a TBE Awards category sponsor
