SCHEDULE OF SERVICES (703) CASH FLOW, PROFIT FORECASTS AND BUSINESS PLANS
This schedule should be read alongside your letter of engagement (LoE) and the (300) Standard Terms & Conditions.
Our Services
We will prepare cash flow forecasts, profit forecasts and/or business plans from the information, explanations and assumptions provided by you, covering the period and scope agreed between us at the time of instruction.
Depending on the nature of your requirements, this may include some or all of the following: profit and loss forecasts, cash flow forecasts, balance sheet projections, and written business plan narrative (which may include items such as product or market analysis, competitive landscape and marketing or growth planning). The exact scope will be confirmed at the point of engagement.
We will discuss with you any assumptions used in the preparation of the forecasts and any commentary on the figures.
We will not be carrying out any audit work as part of this service and will not independently verify the underlying information provided to us.
The forecasts relate to future events and consequently actual results are likely to differ from those forecast. We cannot accept responsibility for any loss or damage arising from any person acting or refraining from acting in reliance on the forecasts.
These documents are prepared for the purpose agreed at the time of instruction. They should not be shared with any third party, or used for any purpose other than that agreed, without our prior written agreement. Where forecasts or business plans are required for submission to a third party (such as a lender or franchisor), this must be confirmed to us before work begins, as it may affect the scope and terms of the engagement.
Ad Hoc and Advisory Work
Where you ask us to, we will also provide such other advisory services as we agree from time to time. These services are subject to the terms of your LoE and the (300) Standard Terms & Conditions, unless we issue a separate engagement letter. An additional fee may apply.
Note: since the work under this schedule is itself advisory in nature, this section covers services outside the agreed scope of the specific engagement — for example, follow-up analysis, revised projections, or presentation of the material to third parties.
If specialist advice is required, we may need to seek this from, or refer you to, appropriate specialists. We will only do so when you ask us to.
Your Responsibilities
To enable us to carry out our work, you agree to provide us with the information and records we need. This will normally include, but is not limited to:
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recent accounts or management accounts to serve as a baseline
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agreed assumptions underpinning the forecasts (including projected sales, cost estimates, and any planned capital expenditure)
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details of known financial commitments (such as loan repayments, lease payments, or other contracted costs)
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any specific requirements set by the third party to whom the document is to be submitted, where applicable
You are responsible for reviewing and confirming the validity of all assumptions used. We will rely on the information provided being true, correct and complete.
You will keep us informed of material changes in your circumstances that could affect the forecasts. If you are unsure whether a change is material, please let us know.
To have paid our fee in full before we deliver the completed documents to you. Where work is complete but our fee remains unpaid, we reserve the right to withhold delivery.
As part of our normal procedures, we may ask you to provide written confirmation of any oral information and explanations given to us during the course of our work.
Limitation of Liability
Our services are subject to the limitations on our liability set out in your letter of engagement (LoE) and in the (300) Standard Terms & Conditions. These are important provisions and you should read them carefully.