INTERPRETING SOLUTIONS LIMITED
Interpreting Solutions is an organisation set out to increase inclusion and raise awareness for the D/deaf and hard of hearing community. They supply fully qualified and officially registered support professionals and linguists, trained for both private and public sectors. With Student Finance England and Access to Work backing, Interpreting Solutions are raising money to manage their workflow and facilitate new projects.
Bringing a voice to the D/deaf community
Our business is made up of several branches, including our support for business services, support for students, and our training academies. All encompass our highly trained and accredited staff, a talented range of BSL interpreters, communication support workers, note takers, palantypists, and lipspeakers. We recognise that every client requires different levels of support, so we tailor our services with the individual in mind. To date, we have 872 support professionals registered, and have helped an impressive 641 organisations.
We are an approved and accredited supplier to Student Finance England and Access to Work, a JobCentre Plus grant scheme, both of which are funded by the department for works and pensions. In addition, we hold several contracts with a number of Language Agencies. We're raising funds to facilitate such contracts and consolidate existing loans to ensure our workflow and cashflow are steady.
Where will the funds go?
A. Good Afternoon
The figures published on the website is a summary of the profit and loss(a snapshot) and does not show all of the expenditure headings for our 17/18 year end accounts.
Within the Full accounts we have a heading for "Bank Charges" where we consolidate all expenditure in relation to loans / bank charges etc.
On the website overview this is contained within the "Administration Expenses"
This consolidation will release £2318 per month = £27,000 in savings per year
A. For the 19/20 financial year we expect to break even at £852,104 this is a significant drop on previous years, achieved by the restructuring and business automation that we are putting in place this year.
A. Good Afternoon
We are projecting / forecasting £900.000 turnover, as a result of some long term contracts coming to an end in this year, however we are also in the process of tendering for new business, thus it is better to err on the side of caution until such times as we have secured the new contracts. We are also restructuring our fixed costs such as wages and rent (due to the maturity of our current lease), which show a saving of £30.000 - £50,000 in costs.
A. Good Morning
We do not have nay history of bad / late payments in regards to loans that we have had previously, all have been paid on time and by due date.
In relation to the low credit score, this is a fate suffered by many businesses working in this sector. Credit Reference agencies consider it to be a higher risk - to quote one of them "This company trades in a n industry with a higher level of corporate failure" which has a detrimental effect on the credit score.
A. Good Afternoon
Admin Expenses covers the whole gamit of overheads inc (Direct Staff Labour) in 2018 we increased staffing levels as a result of a shift in to direct public procurement by tendering to the public sector / NHS / Local Councils etc. This necessitated engagement of a Bid writer and New Business Sales Executive. The process is long and we shall see the rewards from this year onwards.
A. Good Afternoon Admin Expenses covers the whole gamit of overheads inc (Direct Staff Labour) in 2018 we increased staffing levels as a result of a shift in to direct public procurement by tendering to the public sector / NHS / Local Councils etc. This necessitated engagement of a Bid writer and New Business Sales Executive. The process is long and we shall see the rewards from this year onwards.
A. Good Afternoon,
Our forecast turnover is £998,574.82 up £175,712.39 on the previous years turnover.
Projected Profit 18/19 is £17895.93
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"Bringing a voice to the D/deaf community"
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