Strategic financial perspectives for growth

Paul Oggelsby, Founder and Managing Director, recognised that his business needed a finance function with forward looking, strategic advice to support the business’ fast-growth aspirations. However, a fixed-cost full-time junior CFO would have been an expensive resource and would not have had the skills and experience required for the changing needs of a continually growing business. The business therefore required a senior CFO on a part-time basis who could:
• work for Riverlite on a needs-only flexible basis, which could be scaled up or down depending on the business requirements at any given time
• provide senior, forward-looking, strategic finance experience
• project into the future to support the business’ growth plans
• build up the internal finance function
• adapt to the changing needs of the business with their breadth and depth of experience
• understand the implications of a fast-growing business
• work with the business functions to develop finance operations that complemented the expansion aspirations.
Paul set about searching for a local business who could provide him with an experienced senior CFO who could work with the business on a part time basis. After making contact with Numitas, Paul was impressed with the level of connection Numitas had throughout the local business world and our level of understanding of both his needs and what would best resolve them. Having understood the requirements and expectations of the client, it was straightforward for us to provide the resource needed from our team who would be able to support Paul and his senior team in continuing to grow Riverlite. Naturally, a good cultural fit between the part time CFO and CEO was essential. Within two weeks of Paul’s initial contact with Numitas, our part-time CFO was in place at Riverlite.