Advisory Services

Financial Advisory

DCWORTH provides financial management advice on operational and financing structures based on our thorough understanding of costing and management accounting systems. This service primarily includes identifying appropriate operational and financing structures, determining funding requirements of same, providing documented financial analysis and business plans, and facilitating financing for projects.

In addition to the above, we provide advisory services for business valuation and performance forecasting for mergers, acquisitions, divestitures, financial models and model audits.

Business Process Restructuring

We are equipped and experienced to carry out major organisational restructuring and turnaround exercises. Particularly, we are experienced and knowledgeable in:

Comprehensive due diligence and corporate performance audits;

Enterprise valuation for acquisition;

Logistics management for start-up companies;

Systems and process improvements, process design, process management and design of performance measurement systems;

Human capital management issues, recruitment and selection systems, human resource management policies, job definitions and descriptions, performance appraisal and measurement, reward and remuneration pay structures and training, and;

Financial evaluation of proposals, financial requirements for turnaround projects along with financial impact analysis.

Valuation Services

We provide expert valuation services for companies including the valuation of financial assets, employee stock options, business and corporate net-worth, valuation of personal and family net-worth, valuation of pension and retirement benefits obligations among others.

Further to prior valuations, we would carry out valuation review and audits including evaluation of reasonableness of assumption and correctness of procedures.

Our valuations are carried out in line with the International Valuation Standards, the American Actuarial Standards of Practice and the International Financial Reporting Standard relevant to the engagement.

Our reports have been used in financial statement reporting, shareholders cash out decision and other investment and business decisions over time.

Process Optimization

Our business process modeling approach is designed to provide the management team with an independent and objective assessment of the effectiveness of the operational and financial policies instituted within a Company’s operational framework.

The scope will primarily be specifically planned and designed to focus on key risk areas, taking into consideration the risk drivers relevant to the entity by considering the aspect of operations being reviewed.

Process reviews or designs will seek to produce a revised organisational structure, effective systems and controls to drive the operational and financial activities of the organisation.

The focus will be to produce a revised SOP that will ensure operational efficiency and be replicable to ensure business continuity and the safety of the Company’s assets while preventing misappropriation of resources in all constituent components of operations.

Payroll Management Services

Our payroll management service covers the following:

Receiving periodic payroll instructions
Preparation of monthly master payroll in line with instructions
Jointly reviewing draft master payroll with client’s finance unit
Preparation and dispatch of monthly and annual personalized payslips.
Preparation of annual payroll summary
Registering new employees with the chosen pension agencies
Opening and maintaining a client-dedicated bank account for the administration of payroll
Making monthly disbursement of payroll charges to employees, pension, tax/revenue authorities, etc. from the dedicated payroll account.

Liquidation & Insolvency

Sometimes directors of a company are faced with the difficult choice of winding down the affairs of their company, either for the reason of a change in strategy, inability to meet creditors’ obligations or other reasons. The liquidation of a company could also be initiated by an unpaid creditor so as to reduce the risk of losing the entire investment in the company. However, liquidation and insolvency practice also includes business recovery and turnaround services for companies that are bugged down by debts and requiring restructuring to enable them bounce back to solvency

At DCWorth, our liquidation and insolvency services include the following:

Administrative Receivership
Debt Recovery
Voluntary Liquidation/Winding up
Compulsory Liquidation

HR Consulting

Organisations that realign their business models reduce breakeven cost and make use of appropriate capital management, coupled with innovative business solutions will not only survive present challenges but would defile analysts’ predictions by experiencing growth. Research has shown that the workforce of most organisations comprises of approximately 95% employees who are non-management staff. It has been consistently observed that companies that outsource certain categories of their staff are non-core business functions continue to post higher returns. Outsourcing is one of the popular models that top performance within the Nigerian economy utilised to drive operational effectiveness, cost reduction, mitigate fraud, attract best talent and gain higher market share amongst others. Today, outsourcing is seen as one of the best management tools to strengthen business capacity. DCWorth HR consulting provides business support solutions including one-off recruitment, outsourcing, learning & development, payroll management and performance management. All of which provide businesses with a better alternative to achieving process improvement, reduce cost, mitigate fraud and corrupt practices and lay hold of diverse opportunities in the business space. We believe that all businesses can succeed if given the right mix of competences. These include the people, process, technology, culture, but most importantly, strategy. Our goal is to help our clients make a success of their efforts to achieve the right blend of these critical success factors.