Fractional CFO
Do you want to scale your business without committing to hiring a full-time CFO? You want to consider hiring a fractional CFO. Whether you’re a start-up or an SME, hiring a fractional CFO can help you get control of your finances, create a long-term strategy, or prepare for fundraising opportunities.
At FD Capital, we have a wealth of candidates available to work on a fractional or part-time basis. These candidates can work within your organisation on a schedule that works for your organisation, whether it’s a few days a week or a few days a month. We pride ourselves on matching candidates with the specific needs of organisations to help them get the most out of their fractional CFO.
Every business will have its own reasons for wanting to hire a fractional CFO. You might be considering exploring VC fundraising or your company might need a systems overhaul. Read on to find out more about the benefits of hiring a CFO and how FD Capital can help you find the candidate that ticks all the boxes.
The benefits of hiring a fractional CFO
The main perk of hiring a fractional CFO is that it’s the most cost-effective option for start-ups and small-to-medium businesses. You can choose to hire a fractional CFO on a contract that works for your business’ finances.
When you choose to hire a fractional CFO, you can take advantage of their expertise and skillsets. Most fractional CFOs have transitioned from a traditional leadership role to freelancing, allowing them to share their knowledge and expertise with smaller organisations.
A CFO is a key part of your leadership team, and they interact with every stakeholder in your business. Hiring a CFO as you start to scale your business can give you credibility with auditors, brokers, lenders, and venture capitalists.
Your fractional CFO will come to you with the contacts and partners that they’ve made throughout their careers. They’ll also look at your business, strategy, and long-term plan with a fresh perspective. Even though they work on a part-time basis, fractional CFOs are still committed to your business and may work for you for several years or even transition to working full time as your business grows.
When you choose to hire a fractional CFO, you have the freedom to change their contract to work with the needs of your business. As you start to grow, your fractional CFO may start working on a more regular basis to meet the needs of your business.
Hiring a fractional CFO for your business
Choosing to hire a fractional CFO could unlock the potential of your business. Before you start the recruitment process, you want to set out a timeline to ensure everyone is on the right page. As a CFO is a leadership role within your organisation, you want to make sure you find the right candidate and bring them on board at a time that works for your business.
It’s a great idea to incorporate deadlines into this timeline, including when you want to start interviewing candidates and when you want to have a shortlist of candidates. At FD Capital, we’re here to help you throughout the recruitment process by giving you a shortlist of candidates that are ideal for your business.
Along with fractional CFOs, we’re here to help you hire interim and full-time CFOs. You can find out more about our fractional CFO recruitment services by contacting us at 020 3287 9501.
Why you should choose FD Capital for CFO recruitment
What makes FD Capital different is that we’re a team of CFOs and FDs. We know exactly what businesses need and the specific skills that a fractional CFO needs. You might be interested in: How the UK Fractional CFO Market is growing?
Our team of senior financial professionals are based across England, including London, the South-East, and the West Midlands. Most of our fractional CFOs are FCA/ICAEW qualified. We also have an extensive list of financial professionals available to work on a remote basis.
A fractional CFO is a part-time or project-based financial leader who offers high-level expertise without the long-term commitment or cost of a full-time CFO. This flexible approach is ideal for start-ups and small-to-medium enterprises (SMEs) that need strategic financial leadership but cannot justify a full-time hire.
Fractional CFOs provide essential services like cash flow management, financial planning, risk management, and fundraising support. They also bring extensive experience from working with various industries, offering fresh perspectives and innovative solutions to businesses. Importantly, they can enhance credibility with external stakeholders such as investors and banks, which is crucial when seeking capital or undergoing growth
FD Capital’s fractional CFO recruitment service specialises in matching businesses with skilled financial professionals who can step into key leadership roles. These professionals typically have significant experience, often having transitioned from traditional full-time roles to fractional positions. They come equipped with industry connections and a deep understanding of financial strategy
Hiring a fractional CFO gives companies the flexibility to scale their financial leadership as they grow. This arrangement is particularly beneficial for businesses looking for expert guidance during transitional phases or those operating in sectors like private equity or infrastructure
Who are FD Capital Recruitment?
We’re a specialist network of Financial Directors and CFOs that specialise in recruiting senior financial professionals. We have an extensive database of candidates available, as well as a team of active CFOs, who are available for immediate starts.
FD Capital launched in 2018 and has been experiencing steady growth as we expand to offer virtually national coverage across the UK. Although our main office is in Great Portland Street, London, we also have a satellite office in Shropshire for clients and candidates in the Midlands.
Our goal is to help start-ups and SMEs get access to senior finance professionals who have the skills and experience of working with large corporations and PLCs. We want to make these financial professionals available to smaller organisations on a fractional time basis.
Do you need a fractional Chief Financial Officer?
At FD Capital, we have a strong track record of matching businesses with the financial professionals they need. These candidates hit the ground running, whether it’s overseeing the refinancing of an organisation or strategic planning. We help CEOs and businesses find fractional CFOs that fit right into their company culture and match their ethos. You might be interested in: Why your marketing team needs a strategic CFO.
Our financial professionals are ICAEW qualified and have extensive experience in dealing with stakeholders of all kinds. They’ll take a leadership role within your business, whether it’s managing other employees or helping your CEO to create a winning strategy for your business.
The benefits of hiring a fractional CFO are numerous, particularly for small-to-medium enterprises (SMEs) and start-ups that require high-level financial leadership but may not have the budget or need for a full-time CFO.
One of the primary advantages is cost-effectiveness. Fractional CFOs provide access to top-tier financial expertise at a fraction of the cost of a full-time CFO. This is particularly beneficial for businesses that do not have the financial bandwidth to pay for a full-time executive salary, benefits, and additional overheads
Another key benefit is the flexibility offered by fractional CFOs. Companies can engage these professionals on a part-time or project basis, tailoring their involvement to specific needs, whether it’s managing cash flow, preparing for an audit, or securing funding. This adaptable model allows businesses to scale CFO services up or down depending on their growth stage or financial complexity
Furthermore, fractional CFOs provide strategic financial leadership without long-term commitment. Businesses can benefit from their expertise in financial reporting, risk management, and long-term planning, gaining the credibility and strategic insight needed to grow, while maintaining the option to transition them to full-time roles as the company scales.
We’re here to help you find the right fractional CFO for your business. Our team are entrepreneurs and know the challenges that start-ups and SMEs face day-to-day. You can speak to our award winning team who have first-hand experiences of the challenges that businesses face, whether its financial restructuring or overseeing your payroll.
FD Capital Recruitment offers an alternative to traditional financial recruitment. We work closely with our clients to understand their needs and find the candidate who can hit the ground running. Our portfolio of candidates includes senior financial professionals who specialise in a variety of industries.
Are you looking to recruit a fractional CFO? Reach out to us today for a no-obligation consultation and to explore your options for hiring a fractional CFO.
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