← All nine problems
Discounting & cross-subsidy

Standard reporting was never designed to find profit sinks.

Targeted analysis with pricing and profit attribution moves EBITDA within the year. I show you where.

+2ptsgross margin from pricing discipline
£1M/monthcategory loss surfaced, breakeven in 3 months
$7Mannual EBITDA from portfolio costing

Gross margin should be higher than it is.

Three counter staff, three discount rules, one bag of cement. It was all in the till data.
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Pricing is the fastest profit lever and usually the least examined. We work from transaction data: who actually pays what, for what, and when, and then rebuild the discount structure around what customers demonstrably accept.

Builders’ merchant · Pricing

+2pts

Till data revealed three counter staff applying three different discount rules to the same bag of cement, with the same customers accepting different prices from different staff members on different days. Replacing local discounting with centralised tiers built on a Pareto analysis of customer spend added two percentage points to gross margin.

The full story →

Some parts of the business are carrying the others, and the P&L doesn’t say which.

Profit attribution reveals where the money is actually made and lost.
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Segmental profitability analysis, by category, brand, activity or function, is core to my work. The tools flex to the situation: ABC, DPP, or straightforward P&L attribution. The analysis matters less than the dialogue it forces about where resources should go.

Home improvement retail · Category profitability

£1M/month

A zero-based category review at a big-box home improvement retailer surfaced a £1M per month loss that aggregate reporting had hidden, along with its root causes. Breakeven took just three months.

The full story →

Brand licensing · Activity-based costing

$7M

Activity-based costing at a PE-backed brand licensing business sorted the portfolio into three tiers: invest, monitor carefully and streamline now, delivering $7M of annual EBITDA and $3M of capex savings, while also reshaping the company’s buy-and-build acquisition criteria.

The full story →

We can’t fund the growth agenda out of current profitability.

Rapid levers generate cash, fuelling a growth agenda.
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Pricing and profit attribution move first because they are rapid and reliable. The additional margin can fund the growth agenda, and the profitability momentum gives investors the additional confidence they need to support management to pursue the highest impact levers. The full story →

Retail turnaround · Growth funding

10 years

One retail turnaround was carrying ten years of seasonal inventory, valued at what it had cost to buy. Clearing it took a hit on the P&L, released cash the business had already paid for, and stopped the storage costs that came with holding it. The cash released contributed to growth funding.

The method in full, in the investment lifecycle article: Rapid and Reliable Levers.

You work hard for this margin. Find and close the leaks.

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