Asset Management

The constant need for modern, profitable businesses to succeed, has led to new ideas on the management of plant and equipment assets. Utilisation, cost and efficiency are the modern drivers of success. As a result, valuations, disposal and management issues now feature more strongly in the decision making processes of owners and directors.

Charterfields' asset registers enable information to be quickly accessed and easily updated ensuring that decisions, from financial to engineering, can be based on accurate information. When integrated with bar coded asset tagging, they are an invaluable tool in inventory management.

Charterfields offer advice on depreciation profiling, including total and economic life statements, to identify future effectiveness of investment in production assets and enable life cycle costings to be produced and monitored. For acquisitions, our advice enables the appropriate method of financing to be adopted to match useful life expectancy with borrowing terms and repayment methods.

It is not uncommon to find that existing fixed asset registers do not, provide sufficient information to physically identify assets or track expenditure incurred. Charterfields reconcile and update register data, assist managers, accountants and the engineering teams with the management of business assets.

Bar coded tagging enables assets to be effectively identified, whilst annual monitoring provides information for financial and engineering management. Our specialist team has undertaken assignments on behalf of private clients, educational establishments and government departments.