Growing an established business

We are working with an established contracting business that was formed over 25 years ago.  Following a period of rapid growth, the business had outgrown its finance systems, processes and controls. The business was approaching the audit threshold and quarterly corporation tax payments, so cash control and forecasting was becoming essential.

The MD required more experienced commercial and financial support to help drive growth and assess future options while ensuring that customer focus remained at the heart of the business.

Within a week of the meeting, Numitas introduced a senior Finance Director who was an excellent match for the client’s needs and would work with the leadership team on a part time engagement.

Within the first six months, the Numitas Finance Director had delivered against the initial requirements of the strategic high-level brief. They provided added value in terms of identifying additional areas for improvement and implementing positive solutions, such as:

  • delivering a significant improvement in the procurement process and financial controls.
  • introducing a more efficient operating system to reduce cost to the business.
  • proposing and assisting with the selection of an improved project management system and its integration with the financial management system to provide information on project profitability that wasn’t previously available.
  • proposing and systemising additional resources in the finance team.
  • working with strategic advisors and NEDs as well as the senior management team to help prepare the business for growth.

The changes were implemented so as to ensure that customer focus remained a key aspect of the business and was enhanced rather than disrupted.

The key benefit to working with a Numitas Finance Director is that their experience and expertise means they can very quickly fit into the management team, identify the known and unknown priorities and deliver commercial outputs within a matter of days.

Read the full case study here >

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