Case Study
Annual Budget Implementation
Construction
INDUSTRY
100
EMPLOYEES
$55M
ANNUAL REVENUE
Background
Following a recent acquisition, the sponsors mandated that their newly acquired portfolio company establish an annual planning process. Up until that point, the management had not engaged in a detailed “bottom-up” planning approach.
Objective
- Complete a GL level, bottom’s up, annual plan compromised by 15 P&L’s.
- Consolidate and benchmark P&L’s against sponsor’s expectations.
- Create an investment committee document, as well as prior year’s performance.
Solution
- Partnered with the CEO, CFO, and Controller to set detailed targets for revenue & gross margin.
- Constructed a dynamic budget model to calculate expense trends & highlighted key drivers.
- Delivered robust and comprehensive income statements, balance sheets, and statement of cash flows suitable for presentations to board members + lending partners.
Implemented a sustainable and efficient annual planning process with minimal impact to the operators of the portfolio company.
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