Interim Finance Director

Companies sometimes have a need for additional resource in their finance departments, often at relatively short notice. For example through a period of rapid growth, during a refinancing or turnaround phase or to cover for a member of staff that is absent due to illness or until a new permanent appointment is made and available to start work.

Increasing demands for information from stakeholders such as banks and investors may stretch existing in-house resources. Using a tailored interim solution can support growth and significantly increase the prospects of success of a refinancing or turnaround. This will allow the directors and other staff to focus on their primary roles, rather than being drawn into dealing with finance issues that they may not be best placed to address. Special one-off projects (e.g. factory relocation, new MI system being installed) often require extra finance staff resource or cover for existing staff who need to devote most of their time to the project.

Cole Associates has a great deal of experience of working with owner managed businesses and providing support for their existing in-house accounting functions. This may involve assisting with production of timely and accurate monthly or quarterly management accounts and preparing and reviewing cashflow forecasts, as well as liaising with funders and other stakeholders.