accordgroup.org.uk /about
Good to Great
Financial strength and viability
We will continue to ensure financial strength and support
responsible growth through our development and care
business. In year surpluses will be reinvested into our core
work to support those most in need and ensure maximum
return on assets.
We will review and where appropriate, update the Group
structure to ensure an efficient, VFM business delivering core
purpose. Procurement and other efficiency programmes will
address rent reduction and other demands to reinvest into core
purpose. Compliance with funding covenants and an effective
treasury management remain key priorities.
Delivery:
n Further increases in revenue through organic growth and
exploring strategic partnerships and alliances
n Driving though efficiencies in existing services and
competing for new business
n Further improve financial performance, raising additional
funding, raising profitability, robust cashflow and liquidity
management and developing new income streams ensuring
all resources are deployed and utilised most efficiently
n Multiple risk and stress-testing across the financial plan
n Procurement strategy embedded within departments;
teams using processes to achieve VFM on contracts
and services
n On-going robust contract management and challenge
n Budget controls and regular reporting.
12
Accord Group