Corporate Finance
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Investment and project advisory
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Viability appraisal
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Feasibility studies and project development
Investment and Projects Advisory Service
This service covers assistance and revitalizing investment projects, that is:
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Appraisal of the viability of enterprises
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Carrying out of feasibility studies (i.e. preparation of BUSINESS PLAN)
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Conduct of market and economic research
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Loan management, monitoring and recovery.
Viability Appraisal
This service covers resuscitating ailing enterprises.
An initial step will be to determine the extent of the viability or otherwise of these enterprises and prepare an action plan for revitalizing such an organization (i.e. RECOVERY PLAN).
Typical tasks to carry out include
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An assessment of the capital structure including loan and working capital and proposal of a financial structure which will lead to self sustenance.
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A critical analysis of the problems of the organisation and development of solutions
The review will cover:
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Technological Process
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Equipment and Machinery
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Infrastructure facilities
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Materials and Consumables
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Labour, Manpower requirements and productivity
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Organization Structure and Management
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Marketing and Demand/Supply Relationship
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Financial Management and Funding Requirement
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Preparation of projections of income, cash flows, net assets covering period of 3-5 years
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Sensitivity analysis of the effect on the projections of variations in the key underlying assumptions.
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Assisting in the implementation of the action plan including securing and management of funding requirements as well as the operational management of the business entity
Annual Statutory Audit
We perform Annual Statutory Audit through our sister firm Gani Alashe & Co. A a firm of Chartered Accountants licensed by the Institute of Chartered Accountants of Nigeria and registered with the Corporate Affairs Commission under the Companies and Allied Matters Act 1990 to offer professional services in the following areas Annual Auditing.
This audit approach is based on critical financial assurance including the mandatory accounting standards. To a large extent, these mandatory standards are similar to the International Financal Reporting Standards (IFRS).
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Normally, the scope of our audit service is determined by the statute under which we are appointed, the objectives being to issue a report that meets with the requirements of that particular statute.
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Our reliance on operational efficiency and effectiveness is governed by the relative compliance and substantive procedures.
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Feasibility Studies and Project Development
Preparation of reports on the technical, marketing, management, financial management etc. on the viability of projects.
Assisting in the implementation and monitoring of such projects.
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Typical tasks to be carried out include;
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A brief market study to establish the nature of the product market in Nigeria.
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A study of the product market in Nigeria in order to determine sales and market share of the proposed project.
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Establishment of operating characteristics and costs in order to advise on the optimum size of the organization.
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Developing an outline of the marketing and organizational arrangement for managing the operations.
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Developing a suitable capital structure and funding plan for financing the project.
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Carrying out sensitivity analysis to establish the assumptions which have a major impact on the profitability and cash flows of the operations, and the establishment of the effect of changes in these assumptions on the viability of the project.
Business Rehabilitation And Reconstruction
Business organizations world over are experiencing a continual and rapid market challenges which calls for concern.
The incidence of globalization, government’s regulations, low capacity utilization, commercialization/privatization, re-engineering , economic restructuring, low market share/sales volume, low profitability, declining productivity and labour union incessant demands for better working conditions pose great challenges to the Strategic Managers whose basic concern is to position and/or reposition their companies on a sound footing.
In responding to the market reality, diverse strategies such as Business Rehabilitation and Reconstruction are adopted to sustain the relevance of the organization.
As a result, we have developed an expertise on rehabilitation and restructuring thereby turning most of these companies around into viable and profitable business ventures (i.e. Turnaround Management).
This will involve carrying out DUE DILIGENCE of the affected company.
​Training and Manpower Development
MAA&P regards training and manpower development as a set of activities where its staff and clients are assisted in improving their individual competence and performance, with the ultimate goals of raising the standard of organizational performance.
As a result, we have full fledged training department, which runs for clients tailor-made and generalized courses in all aspects of business operations especially in the areas of finance and accountancy, sales and marketing, computing, stores management and specialized industries.
These courses are available for all grades of staff.
We have also conducted in-plant training courses for major companies.
In carrying out our in-plant courses, we first establish the training needs of individuals and then tailor our courses to the needs of these companies.
The training department is manned by full-time professionals and assisted by seasoned facilitators handling all aspects of training for our clients such as:
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Management development programmes for business executives.
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Seminars and workshops for specialized industries.
MAA&P Training Team are highly qualified professional consultants selected for their ability to communicate effectively with delegates of all levels, to turn theories into real business situations.
All our trainers are leading practitioners with a blend of academic and practical experience. They are invited to lead courses on the basis of their expertise, experience and training ability.
Majority of the training programmes are run on workshops, seminars, group discussion, team work and experience-sharing, offering practical tuition, using problems typical of those arising in practice.
Normally, all the training programmes last for 3-5 days and many are repeated frequently throughout the year to give participants a wide choice of dates and effective use of their time.
These stimulating and demanding training programmes cover the essentials of directing and managing a modern organization.
Some of the courses which we run at present include:
GENERAL MANAGEMENT PROGRAMMES
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Time and Stress Management Workshop
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Team Building Workshop
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Customers Service/Relations Workshop
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Problem Analysis and Decision Making Workshops
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Management Workshop on Essentials of Leadership
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Leadership and Motivation Workshop
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Purchasing and Stores Management
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Supervisory Management Workshop
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Work Ethics and Organizational Productivity
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Materials Management Workshop
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Middle-Level Management Workshop.
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Total Quality Management Workshop.
STRATEGIC MANAGEMENT PROGRAMMES
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Strategic Management Workshop
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Strategic Sales Management Workshop
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Strategic Marketing Management Workshop
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Organizational Re-engineering Workshop
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Relationship Management: Marketing/Selling & Service Excellence
HUMAN RESOURCES DEVELOPMENT PROGRAMMES
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Pre-Retirement Workshop
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Pension Management and Administration
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Performance Appraisal Workshop
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Wages and Salary Administration Workshop
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Human Resources Management Workshop
FINANCE AND ACCOUNTING PROGRAMMES
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Cost Reduction, Cost Control, Productivity and Performance Improvement Workshop.
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Accounting Skills Improvement Workshop
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Budgeting Management & Control.
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Finance for Non-Finance Executives Workshop
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Fraud Detection, Prevention & Control
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Strategic Treasury Management Workshop
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Effective Cash Management Workshop
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Corporate finance
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Loan/Debt Recovery & Corporate Receivership
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Turnaround Management Workshop
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Advanced Credit Analysis Workshop
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Company Income Tax Workshop
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Effective Tax Planning and Administration
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Resources Management & Accountability Workshop.
BANKING AND RELATED COURSES:
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Effective Capital Market Operations Workshop.
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Internal Audit & Controls in Banks.
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Bank Inspection & Internal Audit Workshop.
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Credit Control & Risk Management
SERVICES
Financial Planning, Control And Advisory Services
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Financial Advisory Services
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Financial Investigations and Management audits.
Financial Advisory Services
The following main activities of the financial management functions are undertaken by our Consulting Firm
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Considering financial objectives of a business, funding policies, financial management involvement in long-term business planning.
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Financial reporting for management control
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Assessing the purpose, content and processes of financial reports used for business planning, decision-making and control.
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Asset Management.
This covers the planning and control of working capital and the existing fixed assets
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Capital Expenditure.
- considers the requirement for planning and control of new capital expenditures.
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Assessing the purpose, content and processes of budgeting and short-term forecasting.
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Examines the structure, staffing and performance of the Financial Management Function.
Financial Investigations and Management Audits
We have carried out investigations, management audits and Value for money audits which facilitate the effective appraisal of the utilization of company resources by its management.
Accounting Services
We provide accounting services on a temporary basis where our recommendations and/or suggestions for improvement in the accounting processes make the provision of such services unavoidable.
Where a client’s accounting is falling into arrears due to staff resignation and other factors, we can provide the accounting services for a fairly longer period.
We also carry out verification of accounts prepared either for monitoring the performance of the company concerned or for the incorporation of such accounts in the financial statement of every entity within the group’s organization.
Specific assignments cover the following areas:
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The preparation of detailed accounting procedures manual.
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Review and design of stores procedures including purchasing management and inventory control.
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Design of systems in the areas of payroll, credit control, cash management, expenditure control etc.
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Development of costing and management information systems including budgetary control and standard costing.
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Conducting training courses in all aspects of finance, accounting, stores, purchasing and related systems.
Debt Recovery Services
We are well established Debt Collectors and do business as such. We provide a professional, prompt and skillful service to all our valued clients. Our business consists of well trained, highly skilled and qualified personnel. We ensure that our personnel have a sound knowledge of the relevant and applicable provisions of the legislation relating to bad debts, credit providing and general civil litigation.
Late payments by debtors will constantly occur whether due to a client’s failure to pay or more frustratingly because of a customer’s management policy where upon agreed credit terms are consciously being exceeded. The cost of late payments can have a debilitating effect on a company’s cash flow and the ability to trade effectively.
We assess the reason for non-payment and act in accordance with our assessment.
We institute legal action where the failure to comply justifies stern action, however on the other hand we are conscious of our client’s image as well as existing business relations with debtors.
Our services in this regard includes:
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Serving of letter of demand at the same time, in accordance with client’s directives.
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Reaching of agreements with reference to payments, subject to client`s instructions and approval. Confirmation of agreement in writing. Signing of acknowledgement of debt optional and at an additional nominal fee.
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Regular follow ups on agreements. Facilitating the payment process.
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Failure to comply with arrangement and/or letter of demand, legal action to be taken against debtor, subject to instructions from client.
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The relevant Attorney firm will deal with the litigation procedures involved. Costs regulated by legislation and/or by agreement between the parties.
Information Technology
We have a team of specialized professional staff with a wide range of experience in advising clients on all aspects of their computer requirements.
Our services in this area cover the following:
System Installation Service
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System Development
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System/Service Evaluation and Selection
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Mini-Computer Service Assistance
Advanced System Services -
Micro-Computer Systems Assistance
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Telecommunication and Network System Service
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Operational Control and Support.
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Computer Resource Management Review
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Security and Systems Performance Review/Audit
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Installation and Operations Review
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Systems Updating
Computerized Management Information Systems
The main thrust of a management information system is to produce information to enable management establish the state of operations, compare these with plans and take corrective actions.
It is general to use computers or other automated information processing method as an aid in operating the management information system.
Human Resources Consulting
In Human Resources Consulting, we have assisted many organizations to carry out studies in:
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Organization review and restructuring
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Preparation of terms and conditions of employment for employees.
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Job evaluation and regarding jobs for the purpose of job enrichment, job enlargement and writing of job description.
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Compensation and benefit survey in intra and inter industry basis
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Drafting contracts of employment for expatriate managers and professional staff
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Drawing up a comprehensive short term and long-term manpower development plan.
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Executive search and selection (i.e. recruitment of specialist staff.
The restructuring exercise would specifically involve the following:
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Reviewing the present organogram and establishing the staff requirement.
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Interviewing present staff of the company for necessary restructuring exercise by laying off the unproductive ones while productive ones are retained.
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Advising for the recruitment of new staff to fill any gap, if necessary
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Setting up a new suitable organogram and providing an administrative manual for the smooth running of the company.
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Recommending improvements in those areas of the business that are necessary.
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Assisting with the implementation of the restructuring for a specific period of time.
Personnel Management
We have developed international procedures in reviewing problem of personnel management in organizations.
These procedures consist of well-tested methodology, which ensures that:
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At MAA&P quality is maintained
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Best proven practices are followed
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The assignment is thoroughly and comprehensively executed.
Our methodology has a step-by-step approach to effective review of personnel systems and consists of the following:
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Familiarization with the background materials and other suggested sources to establish main principles, purpose and objectives of the organization review.
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Reviewing the criteria for judging the effectiveness of the organization.
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Using these criteria as a framework of approach.
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Preparing areas for discussion and detailed investigation based on the suggested survey topics.
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Determining output using qualitative/quantitative indicators of performance where appropriate.
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Assessing the key benefits that clients should expect from the organisation
Executive Selection Services
We provide recruitment services for personnel in management, supervisory and clerical in different sectors of economy.
In carrying out this service, we use a combination of methods, which include:
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Advertisement in a selected media
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Selection from our database of applicants
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Head hunting of known top and middle-level executives.
Our Executive recruitment and search services have been utilized in:
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Recruitment of all staff from clerical to Chief Executives of companies.
Selecting personnel in all professional fields including Accounting, Engineering, Medical, Auditing, Computer, Personnel, Pharmaceutical, Marketing, Management and Executive Trainees.
Our services are grouped under the following headings:
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Corporate finance
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Statutory Annual Auditing
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Financial Planning, Control and Advisory Services
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Accounting Services
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Business Rehabilitation and Reconstruction (i.e. Turnaround Management)
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Insolvency – receivership, liquidation, schemes of arrangement.
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Information Technology
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Human Resources Consulting
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Training and Manpower Development
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Management Services
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Debt Recovery services
​INSOLVENCY - Receivership, Liquidation, Schemes of Arrangement
This is a very specialized and important service, very relevant at this period of harsh economic conditions in the country. This service is particularly relevant to companies placed under receivership. The problem most companies placed under receivership had experienced include but not limited to:
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Weak Management
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Inappropriate Product Mix
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Poor Product Pricing
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Poor Financial Structure
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Limited Marketability and Distribution channels of the product.
In some cases where these companies cannot be turned around into viable and profitable business ventures (i.e. become insolvent), we have expertise in liquidating these companies by selling off their assets to recover their indebtedness.