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Business health checks

Subjecting your business to a financial health check can be transformative if recommendations are acted upon.

Motivations for undertaking a business financial health check are almost as numerous as the firms offering the service and are not always purely commercial.

While the purpose of the exercise is to identify areas where the business can be more efficient, it is not uncommon for requests to come on the back of a change in personal circumstances. Health or relationship issues or an application for non-business finance, such as a mortgage, can all be factors, according to Rob Ellis, managing partner of Welch & Ellis.