Business Advisory

Baker Tilly Albania helps businesses and organisations of all kinds negotiate risk, improve their performances and realise their potential within the unique and dynamic environments in which they do business. Specialists worldwide come together to deliver these services under the following categories:

Financial Advisory

Whether you are looking to make an acquisition, form a strategic alliance, raise or invest capital, perhaps through an initial private offering, or release funds through a sale or restructuring, Baker Tilly Albania finance specialists can help you minimise the associated risks and maximise the returns.

Our Business Advisory Services can work closely with the business management team in order to identify their current financial situation and design the strategic changes needed for the future.

We offer our expertise and advice in the following areas:

  • Debt Restructuring

Since the world financial crisis begun, the businesses face too many difficulties in servicing their banking facilities.

Our Business Advisory Services help our clients to identify their repayment ability and then to negotiate the best facilities restructuring solutions with their Banks. The over the years experience in the banking industry of our team members, enhance the best service a business can find tailored to its needs.

Our expertise may include:

  • Negotiating with the Banks for and on behalf of the client
  • Preparing cash flow forecasts and present it to the Banks affected
  • Monitoring of the implementation by the business of the cash flow forecast

 

  • Due Diligence

Buyers, lenders and sellers involved in mergers or acquisitions must identify the risks and the opportunities associated with the business under consideration. Conducting efficient and effective financial due diligence, helps all contracting parties to take the right strategic decisions. Value creation is more likely if the purchaser has a greater understanding of the target Company.

Our expertise and experience allows us to assist clients in the following:

  • Competitor due diligence Understanding of the competitive context in which the acquisition will take place to understand how it will better position the acquirer and how competitors may respond to the purchase.
  • Target industry due diligence
    Providing analyses of the industry and where the industry is heading.
  • Operational due diligence
    Providing clients with an understanding of how much effort will be required to integrate the Company and evaluating the capacity of the business to function as a stand alone entity.
  • Financial due diligence:
    • Reviewing on and off balance sheet assets and liabilities.
    • Identifying critical business drivers, trend analysis and where the critical risk in the organization lie.
    • Assessing the target’s quality of earnings and identifying whether accounting policies or methods used are overly aggressive.

 

  • Working Capital Management

By working directly with Company management, Baker Tilly offers assistance to firms that are mismanaging working capital with a view to stabilize financial performance. Through making extensive analysis of the company’s trade relationships and operating cycle, our objective is to create a plan that makes sense and is able to be executed.

  • Prepare cash flow forecasts.
  • Prepare estimations of working capital needs and suggest ways to tackle them.
  • Feasibility studies.
  • Assist in the development of exit strategies.

 

Business Valuations

Although thoroughly analyzing the quantitative aspects of a business is important, a good business valuation also incorporates qualitative analyses of the business, the industry, and the economic conditions in which the business operates.

Companies seek valuation advice in a variety of situations to assist with strategic decisions, in support of M&A negotiations, corporate governance or regulatory reasons, or because management requests the value of an asset for business decisions.

Our expertise may include:

  • Equity valuation using Discounted cash flow analysis
  • Equity valuation using the Comparable Approach
  • Mergers and acquisition valuations
  • Market research analysis
  • Supporting clients in business valuation disputes
  • Goodwill and impairment testing to assist accounts preparation

Government and Not-for-profit

Today, vast financial resources are being made available for sustainable development and humanitarian aid by public sector institutions and bilateral aid programmes. At Baker Tilly Albania we recognise the important role played by the public sector at both a national and an international level.

Improving performance and accountability is important to organisations of all kinds; for international development and finance agencies where financial resources are limited compared to the number of projects requiring funding, this is even more so.

Development agencies are increasingly using beneficiary structures to dispense aid through budget support and sectorial aid. This decentralised management requires service provides to have knowledge and experience of both local market conditions and each donors’ individual requirements and priorities.

We are experienced in working with international institutions including the European Union, the World Bank and the European Bank for Reconstruction and Development (EBRD) as well as non-governmental organisations (NGOs), and have carried out numerous grant audits and consulting projects. Our strength lies in combining expert knowledge of local business environments and cultures, with global awareness and business know-how.

We have extensive experience advising national public sector institutions and governments on a range of services, including financial, systems and project audits, grant certification, internal audit services, accounting services and general consultancy, and bring this experience to bear in the international arena.

Business Process Improvement

The possibility of a company failing to meet its obligations is something very important and should be assessed in advance in order for the company to take all those necessary actions that will allow the smooth continuation of its operations.

Our team can work closely with the business management team in order to set up a mechanism for identifying all those risks and accordingly provide the solutions for handling them effectively. We can also assist in the design of internal processes and procedures with embedded quality measures in order to reduce as much as possible any elements of risk and uncertainty.

Business Process Improvement (BPI) is a systematic approach first documented by James Harrington, that helps an organisation optimize its underlying processes to achieve more efficient results. According to research Business Process Improvement has been responsible for reducing cost and cycle time by as much as 90% while improving quality by more than 60%.

Our team has the tools, expertise and experience to allow us to help your business to improve performance through:

  • Reducing costs
  • Increasing process efficiency and effectiveness (Sales Force Effectiveness)
  • Better utilisation of management information to support effective-decision making
  • Improving control structures in order to better manage risks.

Insolvency Practices

The impact of the global recession is unprecedented, severely impacting the majority of the world’s economies. Whether these economies are still in a state of turmoil or have entered a recovery phase, organisations around the world stay cautious in managing their debts, and credit on the whole remains tight.

When a multinational organisation or domestic company finds itself in difficulty, it faces a complex set of issues that require technical expertise in a number of areas.

Our Business Advisory Services department can work both on behalf of the creditors, or the company, in order to run all the procedures needed until the company is deleted from the Trade Register or until the creditors reach an agreement with the company.

We offer our expertise and advice in the following areas:

  • Liquidations

When the company’s shareholders for many reasons decide to voluntarily liquidate the company, then Baker Tilly can assist in running the procedure from the beginning until its very end.

The typical procedure includes callings of shareholders and creditors, realising of the company’s assets and settling its obligations. Beyond the typical procedure our company will also be responsible for all the communications with the relevant authorities.

Contact Genti

Genti Beqiri
Business Advisory Services