H & H Associates – HHA – Business Consultants

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H & H Associates: Your Trusted Consulting Firm in London

For over 36 years, H & H Associates has been a leading London-based consulting firm, offering expert advice and solutions to businesses across various sectors and regions. With a focus on professionalism, objectivity, and excellence, we help our clients navigate complex challenges and achieve their goals with confidence.

What We Offer

  1. Professional Advice and Analysis:
    • Addressing your business challenges with tailored strategies.
    • Providing objective insights to support decision-making.
  2. Financial and Regulatory Investigations:
    • Expertise in handling intricate financial situations.
    • Clear, confident solutions to regulatory issues.
  3. Expert Evidence and Litigation Support:
    • Comprehensive support for legal proceedings.
    • Specialized services to present robust expert evidence.

Why Choose H & H Associates?

  • Experience: With decades of experience, we’ve built a reputation for delivering results.
  • Excellence: We prioritize quality and innovation in every project.
  • Empathy: Our team is dedicated to understanding and meeting your unique needs.
  • Entrepreneurship: We empower businesses to grow and achieve their objectives.

Meet Our London Team

Our consultants are:

  • Highly Skilled: Among the UK’s finest, combining intelligence and diligence.
  • Approachable and Friendly: Delivering exceptional service with a personal touch.
  • Strategic and Innovative: Offering witty, practical solutions to complex issues.

Supporting Your Business Growth

At H & H Associates, our mission is to help you grow your business and achieve your objectives. Whether you need financial insights, regulatory support, or strategic advice, we are here to guide you every step of the way.

Contact Us Today

Discover how H & H Associates can help your business thrive. With our expertise, dedication, and proven track record, we’re your partner for success in London and beyond.

Services we provide:

Managing finances and accounts can be a frustrating and challenging task for many individuals and businesses, especially when it comes to taxes and expenses. That is why H & H Associates offers the best cloud-based solutions for your accounting needs. We will help you choose and implement the most suitable systems for your business goals and savings plans, so you can focus on what matters most to you.

H & H Associates help clients imagine the potential of knowledge technology –

Creating knowledge systems requires navigating the “fuzzy space” where new business solutions emerge. Effective solutions depend on aligning the multiple and diverse interests of various stakeholders. When diverse stakeholders need to devise a solution, a collaborative process becomes essential. Because each stakeholder may have a different perspective and connection to a future vision, different methods of communicating the vision of the solution may be used to foster mutual understanding and commitment.

A crucial aspect of creating an optimal solution is to imagine a desired future state. A key factor in devising solutions is to imagine a desired future state. It is best achieved by building a shared understanding of what is possible through the combination of technologies and good business processes. Our experience indicates that using an efficient process that promotes such a combination significantly improves the business outcomes by implementing knowledge systems.

The envisioner has to ask questions such as will providing a manager with more information have any benefit and what will he do with the information he receives. Similarly, he will be considering whether we should spend money on technology if it does not lead to lower costs or higher profits. So the main issue is will investing in technology make people who are essential to the organisation change for the better.

He will also have to clarify that change cannot be accomplished without investing time and money. Staff are often expected to bring about change while they continue to do their regular tasks. How will the extra effort from those who are expected to change be sourced? Has it been accounted for in their schedule or has some of their work been delegated to others? Therefore, investment cases need to consider not only the expenditure on IT but also what will be spent on transforming the way people work.

The envisioner’s role is to communicate the benefits and risks of investing in a project that will pay off in the medium to long term. He or she must convince the clients that the potential returns outweigh the possible pitfalls and show them how to mitigate those risks.

Another aspect of envisioning is to determine the best way to finance the project. The envisioner must compare the advantages and disadvantages of different sources of funding, such as credit, overdrafts, leasing or rights issues, and recommend the most suitable one for the project.

Envisioning also involves prioritising the project among other competing opportunities. The envisioner must gather relevant information, rank the options according to their value and feasibility, and monitor the progress of the project. Prioritisation is not a static process, but a dynamic one that requires constant review and adjustment.

Finally, the envisioner must establish a feedback mechanism to track the performance of the project and identify any problems or deviations. The envisioner must take corrective action promptly and ensure that the project meets its objectives and delivers its expected outcomes.

Implementing software is a daunting task, and it’s super important—but people/businesses do it every day.

You’ve likely just purchased a new software system, which is an excellent step in the right direction for your business. Now it’s time to get a software implementation plan in place. Proper implementation will maximize the value of your new system.

Businesses that fail to define and achieve a software implementation plan have wrecked the long-term value of the new system and wasted what resources were spent on the system.

That’s why we’ve put together the following 5-step software implementation plan. Regardless of your industry or your new software, the next steps will ensure you have a successful implementation and get the most out of your new systems.

Here are the steps we’ll cover:
Keep Vendors Accountable With a Detailed Needs Document
Control Your Scope—Or It Will Control You
Assign Realistic Teams to Drive Software Implementation Plan
Generate User Adoption With a Proactive, Engaging Strategy
Focus on Continuous Improvement
Envisioning also encompasses setting out funding issues. Is it better to use credit or overdrafts or funds specifically for the purpose via leasing or a rights issue?

Prioritisation is another crucial aspect of envisioning. It must be undertaken as all resources available to an organisation are in short supply. It is a process that needs critical facts, a method for ranking opportunities and what else is planned. It is not a one-off task. It must be done repeatedly scrutinising new and running investments, and reprioritisation may be necessary occasionally.

A final part of the process is to create a feedback loop to ensure that the project does not become delinquent and that corrective action is taken as soon as necessary.

H & H Associates provide a professional and independent service of assurance and consulting to enhance and optimize an organisation’s operations.

They apply a systematic and rigorous method to assess and improve the performance of risk management, control, and governance processes in relation to the organization’s objectives.

H & H Associates offers Interim Management solutions.

Here are some benefits of hiring an HHA interim manager for your organisation:

Cost-effectiveness

An executive on £100,000 actually costs the business much more. With bonuses, holiday pay, NI contributions, pension, health and company car benefits, the actual cost is closer to £175,000. These costs do not apply to our interim managers.

Speed

Our interim managers are ready to start right away. It could take at least four months to hire a permanent staff member, as they may have to serve their notice period.

Results

Unlike a permanent employee who may need time to adjust, the HHA interim manager will deliver results within five days, finding quick wins and building relationships.

Expertise

Our interim managers have instant experience and a skill level that is usually higher than the job requires.

Impartiality

Our interim managers are impartial and avoid getting involved in office politics. They do not expect a long career with you so they tell you the truth – not what you want to hear.

H & H Associates provide a full range of ICT services

H & H Associates regularly advise on and implement office automation; the use of computer machinery and software used to digitally create, collect, store, manipulate, and relay office information needed for accomplishing basic tasks. H & H Associates will also assist and advise on raw data storage, electronic transfer, and the management of electronic business information.

We adhere to this principle:
“If you can measure it, you can manage it!”
This is crucial for any business to know the key indicators that matter for their success.

Management accounts are vital for your business to track your performance. But what should they include? They are not legally required, so you have some flexibility, but they should be tailored to your business needs and interests as the owner.

In short, management accounts should only include what the board or management team need to see. The report should have enough financial and performance data to support informed investment decisions.

If you are a start-up or growing but not facing any major challenges, you may want to create a simple set of accounts with not much analysis or comparison. This may include:

Cover page
Contents page
Accounts summary
Profit and Loss
Balance Sheet

This will help you see the basics of your business and make decisions based on your current figures. As your business grows or faces a significant challenge (where you may need to invest significantly), you may want to review what you are reporting. This is to make sure that you have the correct performance data to guide your decision-making.

To analyse your growing start-up business in more depth, you need to include more than just the basic financial statements. You should also consider:

– Payables and receivables: These show how much money you owe and are owed by others. They help you manage your cash flow and plan for future expenses and income.
– Budget: This is a plan of how much money you expect to spend and earn in a given period. It helps you track your performance and identify any gaps or opportunities.
– Cash flow: This is the amount of money that flows in and out of your business in a given period. It helps you measure your liquidity and solvency, and avoid cash shortages or surpluses.
– Segmental or departmental analysis: This is a breakdown of your revenue and expenses by different segments or departments of your business. It helps you evaluate the profitability and efficiency of each part of your business, and allocate resources accordingly.
– Key performance indicators (KPIs): These are measurable goals that reflect your business objectives and strategy. They help you monitor your progress and performance, and adjust your actions if needed.
– Shareholders’ loans transactions: These are loans that you give or receive from your shareholders. They affect your equity and debt structure and have tax implications.
– Accruals and prepayments: These are adjustments that you make to match your revenue and expenses to the period in which they occur. They help you report your income and costs more accurately, and comply with accounting standards.
– Profit and loss actual vs last year and/or forecast: This is a comparison of your current profit and loss statement with the previous year’s or the forecasted one. It helps you analyse your growth and trends, and identify any variances or issues.

By including these factors in your accounts, you can gain a deeper insight into your business performance, strengths, weaknesses, opportunities, and threats. This will enable you to make informed decisions and plan for the future. Remember, knowledge is power!

H & H Associates is a management consulting firm that helps clients achieve their productivity and quality improvement goals. We offer various services, from strategic planning and process optimization to training and coaching. We work with clients to identify and implement best practices and innovative solutions for their specific needs.

H & H Associates provides professional services to prepare your business for sale. We will:

– Evaluate your profitability and determine the optimal sale price
– Review your contracts with suppliers and customers and ensure they are in order
– Secure your assets, including intellectual property, and protect them from potential threats
– Assess your staff retention and ensure your business can operate independently of its owners.

A strategic review is a process that helps a business identify and pursue new opportunities for value creation. It can involve improving an existing division or exploring a new market opportunity.

A strategic review is a chance to reset the direction and alignment of the organisation and to make the most important decisions for the future. A strategic review can be tailored to different needs, but there are some common elements that make it effective.

H & H Associates can help you conduct a strategic review that tracks the progress of your company at a strategic level and ensures that you are on track with your objectives.

Some of the elements of an effective strategic review are:

– Clear and simple data and graphics that are shared with the participants before the meeting.
– Common and agreed-upon metrics and data sources that are up-to-date.
– A connection to the key assumptions about the future that have the most impact on the company and are quantified.
– A commitment from the participants to review and prepare for the meeting so that they can provide informed input based on facts and data rather than opinions or anecdotes.
– A comparison of what should happen and what is happening, based on the projections made in the strategic profile of the organisation and the actual historical data.

H & H Associates is a training company that helps businesses achieve their goals by developing their staff’s skills. Some of the benefits of our on-going training programs are:

– Improved communication skills: Staff learn how to communicate effectively with different audiences, such as customers, colleagues, and managers.
– Development of hidden talent: Staff discover and enhance their potential and skills, which can lead to new opportunities and career growth.
– Ensures consistent quality and unifies standards: Staff follow the same best practices and quality standards, improving the business’s performance and reputation.
– Provides greater focus: Staff clearly understand their roles and responsibilities, which helps them prioritize and manage their tasks efficiently.
– Produces more effective and productive efforts: Staff gain new knowledge and skills, which increases their confidence and competence in their work.
– Helps identify the members of staff that need further support, assistance and training: Staff receive regular feedback and evaluation, which helps identify their strengths and areas for improvement.
– Aids the identification of other issues that need to be resolved: Staff share their challenges and concerns, which helps find solutions and address problems.
– Can be used as an opportunity to reinforce organisational aims: Staff learn about the vision, mission, and values of the business, which helps them align their work with the organisational goals.
– Provides opportunities for feedback: Staff give and receive constructive feedback, which helps them improve their performance and relationships.
– Can be used to review areas for improvement: Staff reflect on their learning outcomes and achievements, which helps them set new goals and action plans.

At H & H Associates, we comprehensively evaluate a company’s strategy and performance. We do not rely only on just financial records but also consider qualitative factors such as employee morale and customer satisfaction. These factors can reveal areas where organisational improvement or change is needed to ensure long-term success.

Balanced Scorecard

Our approach to performance management is based on the balanced Scorecard framework, which considers four different perspectives:

– Financial: How do we create value for our shareholders and stakeholders?
– Internal business processes: How do we optimize our operations and processes to deliver our products and services?
– Learning & Growth: How do we foster a culture of innovation and learning among our employees and partners?
– Customer: How do we meet or exceed the expectations of our customers and markets?

We believe these four perspectives are interrelated and that improving one area alone is insufficient to achieve your strategic goals.

Read More…

Contact Information

Telephone – 0208 731 9176
Facsimile – 0208 209 0835
Mobile – 07956877605

Email for information ~ info@hhassociates.co.uk
Email for project updates ~ projects@hhassociates.co.uk
Email to contact us ~ contactus@hhassociates.co.uk

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