Services CAPITAL MANAGEMENT FINANCIAL SERVICES MANAGEMENT ACCOUNTING FACILITATIONS we start here, understanding behavioral tendencies and limitations, and communicating these to clients. Every company also carries risks specific to itself, magnified at the closely held level; the risks you can’t diversify away deserve the most attention.Behavioral Finance we study who your customers are, their behavior, and the externalities driving their habits, then work down the ledger alongside the Owner until the costs are understood completely. The statements follow: cash flow the Owner and CFO genuinely use, and the balance sheet, because P&L projections are pointless without one.Financial Modeling we help the Owner and CFO finance a profit-producing purse of assets, squeeze cash out of it when that’s the move, or hold a healthy balance when it isn’t. Capital investments get the same discipline, financing matched to asset life, timing positioned against the cycles.Capital Structuring the bank’s EBITDA, the buyer’s, the tax return’s, and the one the Owner carries in their head rarely match; we define and reconcile each so the number quoted in any room survives diligence. Free cash flow is the number everything else serves, and the outflows to Ownership are planned deliberately against it.Earnings and Cash Flow Analysis we value the company as it stands today as a going concern, then value the path options possessed by Ownership, an ultra comprehensive picture that holds up with lenders, capital providers, and buyers alike. Annual projections carry it forward, built the way an institutional portfolio manager would want to receive them.Valuation and Projections where the analysis becomes real. Capacity measured, the probable buyer understood, the company’s story defensibly told and formed to the specifications of the most demanding audience, before that conversation ever starts. Significant negotiation power, in the Owner’s corner, ahead of time.Actualization we analyze the business and the Owner’s personal financial resources as one cohesive unit, personal guarantees included, because that’s how the Owner actually lives them. Leather Apron works with clients throughout the year; as milestones are crossed new objectives are formed, and we’re there throughout the lifecycle.Global Analysis and Capital Planning Continuation the analysis nobody can name until the situation produces it. Like its siblings closing the other two pillars, this is the work Leather Apron does best: unconventional questions, taken seriously, answered with the same rigor as everything above.Abstract Analysis ensuring the right credit and treasury setup before we move into other areas.BankingOptimization there are many ways to finance the business’s assets, and what we learn in our capital management process goes hand in hand. Equipment, real estate, working capital, financing and refinancing, right alongside your balance sheet and capital planning.Working Capital andFixed Asset Financing your nearest term liquidity invested so it’s as available as you need it, yielding plenty all day, every day. Fixed, floating, buy-downs, swaps, and options: when rate decisions enter the conversation, we walk the Owner/CFO through benefits and risks in plain terms, and read the term sheet the way the other side wrote it.Income, Liquidity, andInterest Rate Strategies we guide deals from the client’s side of the table, which is a different seat than a broker’s. Deadline-driven exchanges kept calm and ahead of the clock, capital raises run with the story defensible, and the closely held transactions, partner buyouts, intercompany loans, seller carry, options, that fall to no one else.TransactionCoordination when the Owner or Company requires asset management or the expertise of a CFP, we oversee the process from the start: true costs explained, fees plus soft costs, outcomes measured and reviewed. The same advocacy holds for life insurance and annuities, controversial and necessary, ensuring the Client never enters a misaligned or misleading strategy.Adviser andInsurance Advocacy Leather Apron’s work is by nature abstract and therefore often leads to new ideas and objectives that weren’t considered before our process began. We relish in undertaking new and unconventional evolutions that create superior risk-adjusted returns.AbstractEvolutions as 15-year users of financial statements, we know what adequate reporting looks like, and everything runs through that gate; where it can’t, we address it, working with current or replacement providers suited to the Client’s needs. We take the same view with taxes, timely and compliant filing complemented with optimal tax advisory.Bookkeeping and Tax Facilitation we believe the adage ‘they don’t have an audit because they don’t borrow money’ is egregious: CPA compiled, reviewed, and audited financials pay for themselves several times over regardless of capital structure. Diligence is its own discipline, a quality of earnings, valuation, proof of cash, and other diligence runs alongside the CPA and Management, proactively.Enhanced Reporting and Transaction Diligence accounting firms have strong expertise where we don’t, in ERPs, inventory systems, payroll, and other operational infrastructure; alongside the Owner, we take an objective view of the need, benefits, and costs, helping the Owner arrive at the best decision with minimal bias. The same firms are the breeding grounds for quality CFOs and finance staff, we work with our CPA partners to find talent before it’s a necessity.Strategy Consulting and Talent Facilitation situations often warrant this, where outcomes and workload required are uncertain. We proactively work to set expectations early with both the Client and CPA doing the work, and seek to estimate both before, during, and after.Forensic Accounting
