For a business to become CQC registered, they have to submit what is known as a financial viability statement. This is a very important document, and it is necessary to have it done properly, which is why we can provide the service for you.

What Is A Financial Viability Statement?

We provide a full range of services, including the following:

The first purpose of the financial viability statement is to demonstrate to the CQC that a care provider is going to be able to remain compliant with Regulation 13 of the CQC Regulation 2009, which is the financial position regulation.

Ultimately, the purpose of the documentation is to guarantee a level of financial stability which will enable the care business to thrive.

What We Do

The process works like this. CQC will automatically contact a financial organisation to seek assurance that the business is going to be capable of remaining compliant. This means that they may contact a financial services firm, an accountant, or a bank. New businesses who are submitting an application for the first time to obtain CQC registration will need to have this letter.

The accounting team that we have are more than capable of creating a financial viability statement using the financial forecasts which have been obtained through the business plan.

As part of our business plan service, we create a financial projection for the next three years for the company, which will enable us to say with confidence that a business is capable of remaining compliant with the financial position of the CQC.