Virtual FD

Has your business grown to the point where you need someone managing the finance of your business on a more regular and in-depth basis, but you are not yet ready to employ a full time, in house, Finance Director?

We offer a range of monthly packages, based on the number of transactions that occur on average each month.   The investment is significantly less than if you were to employ a full time, qualified and experienced full time director.

Our team are experienced FD/CFO’s, with a wealth of experience working at senior director level in small and medium sized entities, particularly new starts, fast growing businesses and those that might find themselves in a turnaround situation.

Why have a consultant CFO?    Even although end of year, annual accounts correctly prepared and submitted on time to HMRC and Companies House is a statutory requirement, we know that business decisions are taken daily and certainly weekly.   All business decisions will almost certainly have a financial impact, so it is important that up to date and accurate financial information is always available for the business decision makers to make informed decisions.

Our businesses are too important to rely on luck;  we need to plan.   Therefore, accurate and flexible financial forecasts are key to success.  Monitoring those forecasts against actual results (regular management accounts), will help you stay in control of the business finances, help ensure the protection of assets, and control liabilities, and ensure sufficient cash flow; thereby protecting the directors as they fulfil their legal duties of being a company director.

What you can expect from our virtual and consultant CFO service:-

  • Business review identifying objectives, goals, current situation and strategy.
  • Budgets and forecasts
  • Bookkeeping
  • Management accounts
  • Payroll
  • Site visits
  • Assistance in raising finance if appropriate.
  • Ongoing general advice
  • Board and management meetings
  • Mentoring

You will be given your own dedicated, experienced, and qualified team member, whom you can contact whenever you need them (within reason).   Contact can be made in person, by email, telephone, text, FaceTime, Zoom or Skype.

We also offer a non-executive director (NED) service to support the directors of an owner managed business.   This service ensures that you and your business benefits from additional experience and knowledge within your management team, but at a significantly lower cost than employing someone full time.   Non-executive directors can be both supportive but can also be there to provide external advice and challenge your assumptions and plans.