Is there a way to see how financially stable your employer is?

duncan303

But is it not based on filed accounts?

Yes, I accept the point that you and others are making, to be very cautious.

The OPs are already concerned about the day to day running of the business, so they have their finger on the pulse, filed accounts concerning trading periods sometimes years earlier may not seem helpfull, but they can reflect and compare because they were there at the time.

They can also obtain information about the structure of the business of which they may not have previously been aware. More often than not employees are left completely in the dark.





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smackdog

Hi.
Thanks for all your comments, but im still not sure what items to purchase!

wck2.companieshouse.gov.uk/83afb4ff2f65cc0c782926e6f788f418/wcprodorder?ft=1[/url]

The link above is for a company that has already been dissolved. Which documents would be helpful weblink?

Under the 'type' field. Our company also has these fields,

466(scot)
MG01s
AAMD
AA

I take it the most important ones are the AA.
But they are dated Feb 2009, but made up from the previous tax end.

Thanks again:D

duncan303

The types you refer to are forms which will contain raw data, and as pointed out by Debt_Free_Chick these are fairly difficult to interpret.

Therefore:

Please may I redirect you again to FAME which stands for Financial Analysis Made Easy.

They offer a free trial on the website which should be enough to get you what you need, as I say if you have access to a main library(normally Business section), you should be able to have free unlimited access.

I hope this link works ok

http://fame.bvdep.com/version-20091130/cgi/template.dll?product=1



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donquine

Debt_Free_Chick wrote: »

No profit isn't automatically "bad". Business advisers help companies to minimise their profit in order to (legitimately) avoid tax.

Aye, but there is a difference between accounting profit (what goes in the accounts) and taxable profit (what gets sent to HMRC with the corporate tax return). There is no point in minimising accounting profit - it looks unattractive to shareholders. It's the taxable profit you want to get down.

Debt_Free_Chick wrote: »

In short, I don't see that analysing the past is going to give you any comfort about the present, let alone the future!

If the last period's accounts were filed on time and they were signed off by auditors as a going concern, the business should be able to trade for at least a year from the sign off date. Gives you a little bit of comfort. However, the auditors can't predict a warehouse getting flooded or good management resigning, so I agree with you to some extent.

patman99

A lack of current work means very little. I work for one of the worlds largest makers of HVAC, here in thier UK plant, we are working annualised hours (this means we get paid to stay at home, but when the work picks-up, we repay it by working 1 hours o/t per day, with 5 hours o/t = one day of annualised hours)

So far this year, we have had 17 days off under this scheme, and last week we were asked to agree to another 8, of wich they will use at least 2.

However, after xmas we have 2 large orders that will see us through to at least June. The only problem being is that our suppliers take about 4 weeks to make/deliver the parts we require. Maybe the op needs to ask the right people within his company what the future order book is like. From experiance, the 'right people' tend to be storeman, sales & (in our case) the drawing office. Why?, because the stores usually get purchase orders from the sales guys a month or two in advance of a production run.