A substantial Independent Financial advisory business regulated by the FCA required a part-time Finance Director after the sudden departure of the Group Finance Director.
ibv provided a part-time Finance Director on a three day a week basis to assist the company. This involved reviewing the accounting function and financial reporting, to establish an exact financial position in respect of the group. Improved financial reporting processes were put in place, together with cash flow and budget models so the group were provided with accurate and timely information at all times.
Following the initial improvement of processes and reporting, the group then commenced a sale process. This involved the preparation of detailed financial information for the Information Memorandum, and to prepare for the due diligence process. A Private Equity firm was identified as the preferred purchaser, and this involved working closely with them and their advisors over a 12-month period to completion of the deal.