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Virtual FD

Virtual FD

What is a Virtual FD?

A Finance Director who can work with your business on a part-time and remote basis

  • An experienced Finance Director, a qualified Chartered Accountant
  • A part-time resource, you decide how much time you need
  • Multi-skilled and with access to specialist resources when needed
  • Able to work remotely by using the best in cloud technology
  • Most importantly, part of your team

Virtual

means we usually work from our office, if that suits your business, and we use collaboration tools to ensure our way of working with you is anything but remote. We also work with you on site, when that’s possible.

Flexibility

the key benefit of a Virtual FD service for you is the flexibility it brings to your business. You decide what services and support you need and for how long.

Business Owners Guide to Virtual FDs

What’s different to a permanent FD? When would you need one? What does a Virtual FD do? How much does a Virtual FD cost? Download our guide to get the answers. 

Do I need a Virtual FD?

If your business needs support but is not ready for an investment in a full time FD. 

Do you recognise any of these signs?

  • Business growth and profitability have stalled, or are not under control
  • There’s no coherent strategy that the business can get behind
  • You don’t have the  financial support, analysis and insight you need to make big decisions
  • You’ve got no exit strategy and don’t know how to maximize the value of the business 
  • You’re looking at acquisitions but don’t know what represents good value
  • You need to strengthen your balance sheet
  • Board meetings take place, but the real decisions have already been made 
  • Systems, processes and controls are dated and need an overhaul
  • You want support for your finance function to help them improve
  • You want to transform your company operations through automation

Cost

A part-time FD not surprisingly comes at a fraction of the cost of a full time equivalent. And there's no other employment costs or bonuses to consider

Effectiveness

A Virtual FD will focus on the priorities you set to ensure you get the best return on your investment in their time

What does a Virtual FD do?

We work with you, your team and your Board. You choose what level of service you need, and we match our time with your requirements.

Drive Company performance

  • Develop insightful management reporting that prompts decision making
  • Tax review and optimisation 
  • Strategy development and financial modelling
  • Budgets and quarterly forecasting
  • Tax planning
  • Cost control
  • Working capital management
  • Investment appraisal

Develop governance for better decision making

  • Best practice Board and Corporate governance 
  • Implement internal controls and risk management framework
  • Policies and procedures

Develop the organisation for growth

  • Strategy development
  • Organisation review
  • Funding and taxation 
  • Systems and controls 
  • Governance
  • Marketing

A guide to Financial Models for Business Owners

One of the key services an FD provides is Financial Modelling. But when do you need a Model? What are the 6 steps to build a Model? What does a good Model look like? How much does a Model cost? Here’s our guide to everything you ever wanted to know about Financial Models but were afraid to ask. Written for Business Owners

Try us for free and see how we can help

Upload your latest Profit & Loss  and Balance Sheet, and we’ll come back to you with our suggestions on how you can improve profitability and put in place the foundations for growth. The more detail you can provide the better the feedback we’ll be able to give you.

How much does a Virtual FD Cost?

This is not a complete list of services. Please schedule a call with us and we’d be delighted to take you through all the services we can offer. The services shown are to give an indication of the range of work we undertake and the range of prices. We also work on a day rate where that is the client preference.

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Strategic business plan

Fixed monthly fee from £225

Full day strategy session, 3 way financial model using Castaway covering 2 years, Smartsheet plan, monthly reporting vs plan

Dependencies

Quality of data, complexity, access to decision makers, number of changes required

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Board reporting

Fixed monthly fee from £279

Monthly reporting, dashboard and variance analysis, summarised for Board, profitability and cash flow, historic and forecast, financial and non-financial

Dependencies

Quality of data, definition of KPIs, complexity, access to non-financial data

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Exit planning

One off fee from £1799

Identify exit route, pan for maximising business valuation, with timeline and milestones to exit, restructuring options, tax planning

Dependencies

Complexity, decision makers consensus, number of changes required

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Risk management framework

Fixed monthly fee from £299

Identify key risks, risk measurement. assesment and mitigation, monthly reporting

Dependencies

Quality and availability of data, organisation complexity, number and types of risks

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Setting up Board governance

One off from £2399

Implement best practice framework based around purpose, culture, accountability and compliance, with Board charter

Dependencies

Consensus and availability of directors, complexity of business

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Organisation review

One off fee from £1799

Identify issues hindering growth, identify team roles and responsibilities, implementing plan for new organisation structure

Dependencies

Quality of data, complexity, access to decision makers, number of changes required

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Book a call with us to see how our Virtual FD service can help your business