Maximising profitability and performance
The FD role is an important one for successful, established businesses, as well as those just starting out or on the brink of exponential growth, who want to optimise their performance and maximise their profitability.
Despite the fact that an established, already profitable business may have the available resource to hire a full-time FD, this doesn’t necessarily mean they want to. The flexibility that comes with outsourcing FD responsibilities is a draw for many.
We have worked with a number of established businesses, to deliver FD-like consultancy and support when they need it most.
Our years of experience as chartered accountants, auditors, tax and business advisers means we can deliver the operational and commercial support that the directors need in order to achieve their objectives.
Trusted advisers for an established business
An outsourced FD can help even established businesses, already doing well, to track and improve profitability and performance.
For the business in question, we worked alongside them for almost a decade delivering regular management accounts, annual financial forecasts and ad-hoc bookkeeping assistance, as well as attending meetings to provide advice in relation to the information provided and to the management of the company itself.
A long-term arrangement such as this one benefitted the client greatly, in that they had a consistent presence helping them to drive operational efficiency across their organisation, to track profitability, and to recommend improvements where appropriate, with the directors objectives in mind.
Working with this client for such a prolonged period, we developed a deep understanding of the business, the director’s outlooks and aspirations and what was going to be paramount to them achieving their goals.
As a result, we were able to deliver a package of support that was absolutely bespoke and geared towards fulfilling the director’s growth ambitions for the business, as well as their own personal ambitions.
A successful business acquisition
With unrivalled insight into the mechanics of the business, as well as the dynamics between those in charge, we were later able to support the directors with the successful acquisition of their UK business, including its overseas subsidiary.
This opened the door to further global expansion for the company but also provided management with the opportunities they were looking for in respect of either continuing to be involved with the business or being able to exit.
Whether planning for the future, driving up profitability, or budgeting for investments, we can work with you to tailor a package of support to your needs, and assure you that this can be revisited and adapted at any time.