Services for Growing Businesses
‘Virtual’ Finance Director
Your business may well not be large enough yet to justify the outlay on a full time finance director. But going it alone without this sort of support is both difficult and potentially risky. Many entrepreneurs ultimately wish that they had received expert financial advice earlier in the life of their business.
We can effectively act as your part time finance director providing ongoing business advisory services on an ‘as needed’ basis whilst continuously monitoring your business. We fully understand that the pace of business inevitably means fraught periods at short notice on occasions.
Having us around will ensure, as a minimum, the following requirements and opportunities do not slip through the net:
- Strategic planning
- Assurance of timely and accurate reporting
- Identification of financial trends requiring early action
- Fund raising windows of opportunity
- Keeping your bankers and other stakeholders on-side
- Insurance and premises matters
- Working capital optimisation
- Tax saving opportunities
- Networking opportunities
- A sounding board and friend!
- Corporate governance requirements
We find that businesses prefer a monthly fixed fee retainer as it allows you to know exactly what your outgoings are and ensures that you don’t suddenly have any nasty surprises! Depending upon your requirements, the assignment could be for, say, two or three days a week or it could simply mean being at the end of a phone as and when needed.
Whatever the nature of the assignment, you can be assured that your virtual FD will be someone who has previously held finance director positions in industry and who is therefore aware of all the commercial considerations a company faces.
And, of course, your virtual FD has immediate and unparalleled access to all the other services and specialists we can provide.