View Optimising Credit Control to Ready a Business for Further Funding

Optimising Credit Control to Ready a Business for Further Funding

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…

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View Construction Brand: Stepping into the Breach as Finance Director

Construction Brand: Stepping into the Breach as Finance Director

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…

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View A successful exit strategy: How Pure Washrooms were sold with EFM support

A successful exit strategy: How Pure Washrooms were sold with EFM support

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…

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View Distressed Financial Management

Distressed Financial Management

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…

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View Funding, Growth & Trade Sale

Funding, Growth & Trade Sale

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…

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View Finance Function Restructure

Finance Function Restructure

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…

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View SAAS Business Case Study

SAAS Business Case Study

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…

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View MBO and eventual sale

MBO and eventual sale

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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