1. Asset Based Finance and Leasing Ltd
Business Address: Crystal House, 72 Central Avenue, Pinner, Middx, HA5 5BP
Tel: 020 8866 0961 Mob 07739 329538 www.abfl-ltd.co.uk
Registered Office: 78 Portsmouth Road, Cobham, Surrey, KT11 1PP
English Company Registered No: 6464914 E & OE
UK VAT Reg. No: 925 0047 52
DUNS Number: 21-103-5379
Registered by the Office of Fair Trading Reg. No: 612817
Member of National Association of Commercial Finance Brokers
Case Study: People 2 People CIC / Shropshire Council
Client: People 2 People CIC / Shropshire Council
Location: United Kingdom
Contact Lead: Jenny Pitts/Ann Lewis
Consultant: Mike Deacon
Assignment Type: Consulting
Discipline: Third Sector
Sector: Local Government
Challenge:
Working with TPP Law Ltd as the prime contractor, ABFL (Mike Deacon) was asked to provide a strategic,
business and transitional five year plan for People2People (P2P) (the “Potential PSM”). P2P is operational
as a Community Interest Company (CIC) since January 2012; part of the social work practice pilot
programme run by the Department of Health
http://www.scie.org.uk/workforce/socialworkpractice/pilots.asp. At present, 9 local authority staff is
seconded to the Potential PSM. The Potential PSM will deliver statutory social work services for
approximately 1300 people over 18 months under contract back to Shropshire Council (the “Parent
Body”). The objective was to enable the Potential PSM to develop a robust business plan to include a re-
usable financial model, to understand their financial sustainability, and to adopt legal structures and
governance models that meet their needs. The work was funded by the Cabinet Office through its
Mutuals Support Programme.
Solution:
Working as the business consultant for TPP Law Ltd who was commissioned to do the overall work, ABFL
developed a robust business plan and growth strategy for the Potential PSM, including assessing total on-
going running costs of P2P outside the authority, and taking into account the cost of dealing with initial
liabilities - such as required under the TUPE and Fair Deal Regulations.
Results:
The business plan and strategy was approved by the Potential PSM’s senior team together with a full
legal and governance appraisal of the Potential PSM organisation. This was then submitted by the
Potential PSM to the Parent Body for approval and adoption. Based on our post consultancy feedback
following completion of the assignment on 1 March 2013, the Potential PSM is to become a fully-fledged
mutual organisation handling a sizeable portion of the Parent Body's annual budget of over £60m pa.
Case Study Date: March 2013