At a glance: A successful UK Fintech business with over 80 major blue-chip and Government clients sought funding to underpin further growth EFM’s Richard Preston was selected as outsourced CFO to manage the funding preparation Reducing debt owed to the business was critical, but so was taking over front-line credit control activities in order to…
At a glance A thriving UK construction industry business lost its part-time Finance Director (FD) to retirement at short notice – a replacement was urgently needed The outgoing FD recommended EFM – and Martin Allen was chosen for the role The remit had historically been narrow (accounts, budgets, etc.); Martin saw an opportunity to broaden…
At a glance Long-established company needing full financial support and a sound exit strategy. Successfully delivered detailed business plans, management accounts, cash flow analysis/forecasts, and tax-efficient methods of withdrawing earnings. Refinancing deal and an additional £300k loan finance were negotiated, enabling a smooth transition for the business. A successful management buy-out and subsequent trade sale…
Background Unfortunately the Educational based SME was in severe cash flow difficulties and facing imminent insolvency and an application to appoint the Official Receiver. The CFO was leaving prior to the application and the company required immediate and short term financial expertise and oversight and help to ensure a smooth handover to the Receiver. Challenges…
Background In the wake of complex regulatory changes in the banking industry, Paul took on the task of implementing a new operating model that would transform the way the business worked, yet enable it to continue functioning effectively and profitably. At the same time, Paul needed to ensure that well-established relationships with over 600 clients…
Background Following a request from an angel investor, Finance Director Richard Preston was brought in to review the finances of an Offshore/ International start-up investment platform, and to identify and implement sources of additional funding to achieve stretching goals. Making good use of Richard’s extensive experience and wide-ranging skill set, the business subsequently also invited…
Background As newly appointed UK FD for a global insurance brand, Richard Preston inherited a finance team that was in disarray and poorly regarded within the Company. Pulled in too many directions at once, the team lacked focus and selectivity, which resulted in an incessant rush to keep on top of core procedures from one…
Background A venture capital investor had committed seed and first round funding to a SAAS company without a finance director. The VC’s investment was contingent on an FD being appointed, while the Managing Director was oblivious to the benefits an FD could bring to his business and resistant to what he considered would be outside…
Background The largest investor in the business wished to exit their position and various potential suitors had been approached to acquire the business. However, this failed at the last minute with the new suitor wishing to change the deal terms. Challenge The challenge here was to find a buyer in as short a period of…
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