Tailored Finance Director service
Often it is only large businesses who have the budget to hire a Finance Director on their payroll; however, small and medium-sized businesses can benefit from this expertise by hiring a part-time Finance Director that they only pay for a day or two a month, depending on how much support they need.
By hiring a part-time Finance Director (also called fractional CFO's), you get the benefits without the cost of recruiting and managing that person. When we act as part-time Finance Directors for a business we spend time with them at their premises going through all their concerns, whether numbers related, sales or HR issues, and generally acting as their sounding board. We also do this virtually when the client prefers or when they are based outside Yorkshire.
Why choose Moulds Accountants?
With backgrounds in industry, we have the benefit of actually having run businesses ourselves meaning we understand the challenges a business owner faces, whether that is related to sales growth, people or finances.
We also understand that running a business can be a lonely place, and having the support of someone who can listen to your plans, and offer appropriate challenge, is invaluable when you're trying to grow.
The benefits of having us as your part-time Finance Director include:
We understand what it is like to run a business, through the good times and bad so we can help you prepare cashflow forecasts and monitor your results against budget to keep you on track
We have practical skill sets and are typically far more commercial than your usual accountant, so we can work with you to find suitable solutions for your challenges
We can help support existing in-house finance teams
We put into place a robust monthly or quarterly reporting format, including compiling board reports and attending board meetings so you always have accurate and up to date numbers
We act as a sounding board for all key decisions in the business, offering advice and challenge where necessary
We can review finance options available to the business to complement its growth plans
We are more cost-effective than employing someone, usually working on an agreed day rate for anywhere between 1 and 5 days a month.
Case study 1 - Design Engineering Company
This business turned to us when they faced cash flow difficulties and low profits. Having Victoria as their virtual Finance Director has helped put financial controls in place and refocused efforts on real-time profitability and informed decision-making.
Case study 2 – Precision Tooling Engineers
Employing a Finance Director wasn’t an option as they only needed a day or two a month to support their needs, so this business owner enlisted the help of Stephen as a part-time Finance Director to help him better understand his numbers and support him in making decisions.