The Situation: Cash Flow Issues and Operational Inefficiencies
A construction SME in Selangor was experiencing financial strain. Project delays, underpriced contracts, and rising operating costs affected profitability. The directors needed expert input to restructure the business and regain control.
Our Intervention: Financial Restructuring and Strategy Overhaul
NKH Chartered Accountants assembled a team of financial and tax specialists to assess the situation and implement a recovery plan. Our team identified cost leakages, reorganised financial reporting, and introduced better controls.
Key Actions Taken: Cost Optimisation, Pricing, and Compliance Fixes
a) Updated the pricing structure to reflect actual material and labour costs.
b) Renegotiated supplier terms to improve cash position.
c) Implemented a budgeting tool to track project-level financials.
d) Enhanced SST compliance and documentation.
The Outcome: Stronger Margins, Improved Cash Flow, and Business Confidence
a) Operating overheads were reduced by 18%.
b) Cash collection cycles improved by 40%.
c) Profit margins grew by over 35% in the following year.
d) The company qualified for additional financing through improved reporting.
This transformation demonstrates the impact of professional support in financial planning and compliance. To explore how our corporate advisory services in Malaysia can help you, reach out today. We provide expert tax planning in Klang and Selangor to help businesses reduce liabilities and stay compliant.
Start your financial recovery and growth journey with NKH Chartered Accountants, a trusted accounting and tax firm in Klang, Selangor.
Kim Heng is an accounting and taxation professional whose sterling reputation has drawn countless clients to the NKH Group. When the GST was first introduced, he was commissioned to give 100+ talks on GST implementation as well as over 20++ talks on E- Invoice implementation by multiple businesses and industry associations, showing the depth of their confidence in his expertise. In the following years, Kim Heng would go on to share his knowledge on (among others) branding, tax planning, and fundraising at 20+ seminars organised by business associates that were widely attended by the public. He has over 20 years of experience consulting and advisory on taxation, corporate structure planning, business valuer, company secretarial administration, constitution advisory, and etc.
