Practice News

We here at Lombard believe that winning customers is only part of building a successful business. The more important question is whether those customers are contributing positively to your profitability. A client who generates regular sales may appear valuable, yet the time, resources, discounts, ad…

We here at Lombard believe that business growth is a positive achievement, but growth without proper financial planning can create pressures that are easy to underestimate. Increasing sales, taking on staff, opening new premises, or investing in equipment can all bring opportunities, yet they also i…

We here at Lombard believe that financial planning is one of the most important foundations of a successful business. Yet many business owners spend more time managing today’s demands than preparing for tomorrow’s challenges. Without a clear financial plan, even a profitable business can…

We here at Lombard believe that having a strong relationship with a major customer can be a valuable asset for any business. However, when one customer or revenue stream becomes responsible for a significant proportion of turnover, that strength can become a financial vulnerability. Understanding wh…

We here at Lombard believe that financial planning is about more than predicting what your business might earn. It is about understanding what could happen, preparing for different scenarios and making sure your business has the financial capacity to respond when circumstances change. For Irish SMEs…

We here at Lombard believe that cash flow problems rarely appear overnight. By the time a business owner realises there is not enough cash available to cover wages, suppliers or other commitments, the underlying problem may have been developing for months. Understanding the early warning signs can g…

We here at Lombard believe that pricing is one of the most important financial decisions a business makes, yet it is often one of the least reviewed. Many businesses increase prices only when costs rise significantly, leaving years of small cost increases, additional work and changing market conditi…

At Lombard we believe that strong sales are only one part of building a financially resilient business. An SME can have an excellent relationship with a major customer or a highly successful product, but relying too heavily on one source of revenue can leave the business exposed when circumstances c…

At Lombard we believe that strong credit control is essential for maintaining a healthy and predictable business. Late payments can appear to be an ordinary part of trading, but when overdue invoices become a pattern, they can put pressure on cash flow, increase administrative costs and restrict an…

At Lombard we believe that financial forecasting gives business owners something that historical accounts alone cannot provide: a clearer view of what may happen next. For Irish SMEs, forecasting can help identify cash flow pressure, plan investment, understand upcoming tax liabilities and make bett…