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…
The triple challenge to business costs In a little over two years, we have experienced three significant events. The first of these came in February 2020, when the UK left the European Union. This was closely followed by a two-year world pandemic. Then, on 24th February 2022, Russia invaded Ukraine. These events have brought many…
Inflation is predicted to rise to 8.7% later this year. Amid this backdrop, and with increasing living costs, not to mention energy price hikes and unprecedented fuel prices, businesses were eager to hear Sunak’s announcement on Thursday 24th March. In a nutshell Several headline measures were announced in the Spring Budget, most notably: Increasing the…
At EFM, we’re proud of the fact that our Finance specialists go beyond accountancy to unlock the hidden business value in financially savvy decisions, and with the arrival of Paul Durno in our Associate Network, our clients have gained another seasoned professional who puts opportunity and growth front and centre in his strategy for Finance…
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…
Already struggling in the wake of Brexit upheaval and Covid devastation, many SMEs facing the current and projected energy price rises are fearing a nails-and-coffins scenario. But at the same time many also believe that they will be protected by existing energy supply agreements – and in most cases nothing could be further from the…
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…
As more and more businesses discover the value of flexible, outsourced financial support and advice – finance expertise on tap but out-of-house, as it were – EFM’s Associate Network is growing, and today we’re delighted to welcome our newest member, Richard Preston, into the fold! About Richard Experienced and enterprising FD and CEO, Richard brings…
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