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Free business plan review service launched

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A new free business plan review service for entrepreneurs and small companies looking to attract investment has been launched by a leading accounting firm.

UHY Hacker Young explains that the new service, which allows business plans to be submitted for review online, will provide detailed feedback on all aspects of the plan within three days of submission.

Laurence Sacker, Partner in the Corporate Finance team at UHY Hacker Young commented:

“Crucial to these new business ventures attracting investment is getting proper, structured feedback on their business plan as quickly as possible.”

“As the economy recovers and the business community is finally able to look forward with a sense of optimism, many individuals are deciding to go it alone and try and launch ideas they might have put on hold during the recession.”

“The new coalition Government has admitted though that SMEs and startups are facing serious problems borrowing from the banks or raising equity investment. One thing businesses can do now, ready for when they approach the banks or other funders, is ensure their business plan is spot on.”

“So many business plans are not adequately tested before being implemented and often the assumptions underlying the business plan have not been properly challenged. That process is central to this service.”

“We are happy to look at business plans from all sectors of the economy.”

According to Sacker, promising business plans can then be forwarded to potential funders once they have passed the accountancy firm's review process.

Further guidance on developing a business plan can be found on the group’s website at www.uhy-uk.com, and business plans should be sent to businessplans@uhy-uk.com.

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