Auxilior - Part Time Financial Director.

we can help write your business plan to ensure your on the right track to growing your business

How we can help you

The advantages of engaging a part-time Finance Director include:

The provision of all the support and direction essential to your business without the burden and cost of a full time employee
The flexibility that a growing business needs, allowing you to vary the number of days of your FD’s time that you use as key challenges are faced
Adding an underlying strength to the management team to support your business
Help developing practical and effective control and management reporting systems to ensure sensible, informed business decisions can be made

Auxilior can provide assistance, help and guidance in the following areas:

Writing your business plan

If a business is lacking in direction it will drift from one year to the next, risking stagnation or decline. A business should always be working towards a set of agreed goals and its route towards these goals should be set out in its business plan. In addition to providing a route map for the business, a well-structured business plan will also present your case to banks and other finance providers in terms they can understand.

Creating forecasts & other financial models

A good forecast model, comprising an integrated P&L, balance sheet and cash flow statement, is essential for any business. It will expose the impact on future performance of changes to key business drivers, such as sales volume or margins, and, more importantly, on key constraints such as cash and labour hours. As a result, problems can be anticipated and remedial action can be taken in good time.

Improving cash flow & working capital management

One of the most common issues faced by growing companies is managing the level of working capital tied up in the business. Too much working capital and the business may well run out of cash, too little and the business may not have the resources to fulfil its orders.

Assisting with bank negotiations

It is all too well documented how nervous banks are, at present, about lending to businesses of ANY size. Loan and overdraft facilities are crucial sources of finance to a growing business. Failure to get the size of facility needed at a suitable cost can have devastating consequences for even the most promising business but having an experienced FD by your side, helping you prepare and present the business case to the bank, can be the difference between success and failure.

Assisting with management account preparation & monthly/quarterly reporting

Regular preparation of management accounts allows both management and stakeholders to monitor the performance of the business against its budget and its progress towards its goals. The key to good management accounts is focus: on business drivers and performance indicators, and areas with significant variances from the budget.

Providing transaction support

Acquiring or disposing of a business can place significant burdens on business owners and managers. From preparing investment appraisal models through to advising on the implications or structure of a transaction, you need an experienced FD by your side to oversee the process.

Advising on finance system implementation

As a business grows, it will at some point need to upgrade its management information systems. The choice between software suppliers and packages is rarely clear cut, but with a well documented set of requirements the field can be narrowed down very quickly to a preferred package. In the absence of an IT department, many smaller businesses can also feel intimidated by the implementation process. Having an experienced hand guiding the process and liaising with the software consultants will result in a quicker implementation and a reduced risk of post-implementation problems.

Delivering finance training for non-finance managers

An understanding of the fundamental principals of finance is essential to getting the best out of non-finance managers. A tailored in-house course, focusing on the needs and goals of the business, can help improve their planning, costing and budgeting skills resulting in better, more confident decision making.

Writing your business plan
Creating forecasts & other financial models
Improving cashflow & working capital management
Assisting with bank negotiations
Assisting with management account preparation & monthly/quarterly reporting
Providing transaction support
Advising on finance system implementation
Delivering finance training for non-finance managers

Experience & Skills gained from years of being involved in business finance in high growth, entrepreneur-led companies
The Flexibility that a growing company needs to face its varied challenges
Results delivered in a form and in language that you can easily understand
An Independent perspective on your business
At a Cost that your budget can accommodate

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