FD & CFO Services

As your business develops and expands, it becomes more complex to manage and there are likely to be additional reporting requirements to satisfy your investors that you are spending their money wisely!

Hiring a full-time FD or permanent CFO is often not affordable, or necessary, for early-stage companies. However, particularly once a company has successfully closed a Venture Capital-led round of investment, the augmented cash reserves bring with them increased scrutiny.

Investors want to be assured that there are adequate financial controls and reporting processes in place to detect issues early on, and start-ups with VC funding need systems to regularly report on the company’s financial position.

This is where our flexible FD / CFO service can add significant value to your company, giving you access to the full strategic finance support your business needs, without the burden of having a seasoned CFO on the payroll.

We can provide a tailored range of support for your company, including:

• Production of monthly management information
• Ownership of cashflow forecasting to monitor cash runway
• Financial modelling for strategic planning and fundraising
• Annual budgeting process
• Monitoring monthly spend against budget
• Systems & processes to control spend:
• Raising of purchase orders
• Approval of purchase invoices
• Payments to suppliers
• Internal levels of authority regarding the above
• Financial material / slides for Board meetings
• Attendance at Board meetings

Max Accountant’s client base consists almost exclusively of Technology and High Growth companies - all growing much faster than the norm and very cash thirsty in the early years.

We can, of course, make sure that your accounting systems and bookkeeping are strong enough to deliver reliable financials every month, generate bespoke reports as requested by investors and prepare the financial statements for the company. However, we go beyond preparing core financials. As well as providing comprehensive management accounts, we can help you build a 3-way cashflow forecast to monitor the company’s burn rate – fundamental for your hiring decisions and to plan your next fundraising round.

And because we work with businesses like yours every day, we also have significant expertise in related, specialised, areas such as R&D tax credits, SEIS & EIS tax relief and EMI share option schemes.