Unleash Your Business's Potential with Our Outsourced CFO Service
Unleash Your Business's Potential with Our Outsourced CFO Service
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Make Your Business Work for You
Make Your Business Work for You
It's time to address the financial challenges holding your business back.
As your Outsourced Chief Financial Officer, I provide the strategic insights and financial guidance you need to gain the clarity and action plan you need to achieve your business goals.
Together, we'll drive revenue growth, boost profitability, and maximise your business's earnings. We'll cut through the financial fog, reduce your administrative burden, and set the stage for your most successful future.
Ready to Transform Your Business?
Who Needs an Outsourced CFO?
Who Needs an Outsourced CFO?
If your business has revenue between £250,000 and £5,000,000 per year, you should seriously consider an Outsourced CFO.
An Outsourced CFO helps you make informed decisions based on their expertise in financial planning, reporting, and strategy expertise. A good CFO is your strategic partner who helps unlock hidden potential, give you strategic foresight, and identify lucrative opportunities. From managing your cash flow to ditching "gut feelings" for data-driven decisions, an Outsourced CFO ensures your business is financially sound.
As your CFO, I become a trusted advisor and partner, deeply invested in your success. This partnership means you can focus on leading the team, growing your vision, and doing what you do best. My focus is on making you more money; with less stress, less time dealing with tedious accounts and less effort.
The value unlocked through increased profits and cost savings far outweighs the investment in your Outsourced CFO.
Who is this for?
Who is this for?
Business Owners with a Vision: If you have a goal but no clear plan of action to achieve it.
Entrepreneurs Aiming for Growth: Those looking to increase revenue and profitability.
Leaders Seeking Balance: Business owners wanting to work less within the business and focus more on strategic growth.
Established Enterprises: Businesses generating multi-six figure revenue and ready to take the next step.
Owners Seeking an Exit: Business founders aiming to raise funds or prepare for a business exit.
Benefits
Benefits
Increase Take-Home Pay: Boost the amount you can take from your business tax efficiently.
Enhance Profitability: Implement strategies that significantly increase profits.
Reduce Time Spent on Operations: Delegate financial tasks to focus on leading and innovating.
Strategic Fundraising: Prepare for and successfully raise funds for expansion.
Exit Planning: Strategically plan for a profitable and smooth business exit.
Ready to Transform Your Business?
What Our Clients Say:
What Our Clients Say:
A business associate highly recommended Damien to me, so we had a quick call.
On the sales call, he saved me £4k and showed me how I could easily make tens of thousands more each year.
- JS
My Experience So Far...
My Experience So Far...
My background is in finance and investing, with degrees in Business and Finance, a Master's degree in Commercial Surveying, and postgraduate certificates from the University of Oxford, Saïd Business School. I know my stuff academically, but real-world experience is where the magic happens.
Real-World Experience:
Ran a marketing company turning over £5m per year
Led a management buy-out of a company
Sold an IT consultancy
Run an investment company for over 20 years
Scaled a web design agency from £350k to £2m revenue
Raised £500k for an energy supply company
Advised on the acquisition of a multi-million-pound training company
Raised £360k in grant funding for an AI algorithm
Advised on the £1.5m+ exit of a property management agency
Run a successful financial education consultancy
I’ve proven I can scale companies from six figures to seven figures and manage the process of an exit from initial idea through to completion. That’s not to say you won’t need more people involved, but having a finance jack-of-all-trades on your advisory board can be the difference between a successful multi-million-pound exit and a slow decline towards dissolution.
Strategic Financial Planning
Gain clear, actionable financial insights to guide your business
Revenue Growth
Implement strategies that drive increased revenue and profitability
Comprehensive Support
Benefit from regular strategic sessions and continuous support
Cost Efficiency
Identify and eliminate unnecessary costs to boost your bottom line
Tax Optimisation
Reduce tax liabilities with expert, legal strategies
Exit and Fundraising Strategy
Plan for a successful exit and raise capital to expand
Bring an Outsourced CFO into your Business
Bring an Outsourced CFO into your Business
Book a free, no-obligation call to see how I can help you.
Client Success Story:
Jess Lorimer
As someone who works in sales, I understand how important it is to get the best financial advice personally and professionally. After all, no-one wants to work forever. I'm fortunate to work with Damien because he's brilliant at what he does and has saved me a small fortune in tax savings and money management over the last couple of years. I've worked with him on personal finances (inc. making diverse investments) and as a Virtual CFO for my B2B sales training and consultancy business to support in making profitable decisions, investments, personal efficiency etc and know that I've made the best choice.
Damien is direct with his advice and keeps me focused on the right financial goals and activities and the work that I do with him in both personal and professional financial capacities means that I feel more confident and clear with my financial outlook than ever. And that I'm not reliant on just 'selling more stuff' but actually planning strategically for the future that I want for myself and my business.
How it works...
How it works...
Tailored Financial Expertise for Your Business
No two businesses are alike, but common challenges often arise. As your Outsourced CFO, my role is to identify and address inefficiencies within your business. While you're the expert on your business, we'll collaborate closely, leveraging my ability to see the bigger picture and direct your efforts toward the highest revenue-generating activities.
Increase Revenue
Increase Revenue
Evaluate Ecosystem: Identify missing products or services that could enhance your offerings.
Customer Needs: Determine additional services your customers are seeking.
Effective Marketing: Analyse which marketing strategies generate the most revenue.
Market Expansion: Explore new markets and audiences that could benefit from your product or service.
Case Study
Case Study
Want an additional £46k recurring revenue?
When looking to increase revenue we ensure every bit of value you can offer your customers is available, and charged at a fair market value.
For one client we carried out a market assessment; looked at the Total Addressable Market, and broke that down into the Serviceable Addressable Market and the Serviceable Obtainable Market. This was done for multiple potential products before deciding what to launch next.
This strategic analysis of your target market, and how you can best serve them saved our client from trying multiple products and finding out through trial and error what worked.
Instead, they were able to launch something that quickly became successful, was wanted by their customers, and increased their annual recurring revenue by £46,000.
Decrease Costs
Decrease Costs
Expense Analysis: Identify your biggest expenses and assess their value.
Cost Efficiency: Pinpoint areas where money is being wasted.
Legacy Costs: Address ongoing costs from outdated processes.
Operational Inefficiencies: Streamline business operations to reduce costs.
Case Study
Case Study
Saved £36,000 in Consulting Fees and £14,360 in Software in One Session
A client had been using a contractor as an appointment setter for the business. However, a change in the process meant this role was no longer needed. The client had hoped the contractor would have alternate duties, but this didn’t work out.
Together, we developed a plan for the contractor’s exit and examined the long-term impact on the business and the owner. This decision saved the business over £36,000 per year.
As part of the cost review, we identified legacy software and web hosting expenses of over £14,000 per year that were no longer needed. Business owners are often too close to their businesses to spot these savings that can add up over time. A Virtual CFO can shine a light on areas ripe for cost savings.
Maximise Profits
Maximise Profits
Profitability Focus: Highlight the most profitable products or services.
Tax Optimisation: Explore strategies to minimise your company's tax liability.
Scaling Opportunities: Develop plans to scale profitable business lines.
Personal Wealth Extraction: Strategise on ways to increase your personal income from the business.
Cost Management: Reduce direct costs associated with your products or services.
Case Study
Case Study
Save 4 Days per Year and £28,800. Increase Profits by 80% on a Service
A client was running in-person events over two days, offering places only to customers who had worked with them in another capacity. Upon reviewing the structure of these events, we identified an opportunity to streamline the schedule, reducing the duration and subsequently the venue costs. This adjustment saved the client four days per year.
Furthermore, by tweaking the content of the retreats, we expanded the service to a broader audience. This change increased revenue from the events while lowering costs, resulting in an 80% increase in the event's profitability.
Raise Finance
Raise Finance
Exit Strategy: Plan for the sale of your company when the time is right.
Investment Readiness: Prepare your business to attract investment.
Grant Funding: Identify and apply for relevant grants.
Management Buy-Out: Build a capable team for a potential buy-out.
Pitch Preparation: Create compelling pitch decks for financial opportunities.
Case Study
Case Study
Need SEIS, EIS, HNWI, Angel, VC or Grant Money?
SEIS/EIS funding was raised for a company developing an AI algorithm to predict the output of renewable energy farms. The company successfully applied for grant funding with an innovative product, raising over £374,000. We assisted with pitch decks, grant applications, and financial modelling for all stages of the fundraising process.
For another company seeking funds for a large infrastructure project, we secured £500,000 in VC funding to kickstart the project.
What Does This Look Like?
What Does This Look Like?
We will engage through a mix of virtual and in-person meetings (where practical) on a structured schedule focusing on four key areas: Revenue Generation, Cost Savings, Business Efficiency, Personal Efficiency.
Monthly:
Management Accounts Review: Monthly check-ins (30 minutes) to review financial health.
Strategic Session: Monthly strategy sessions (60 minutes) to discuss KPIs and financial goals.
Personal Finances Review: Monthly personal finances alignment (60 minutes).
Quarterly:
In-Depth Financial Analysis: Comprehensive quarterly reviews (2 hours) to assess performance.
Strategy and Planning Session: Quarterly updates on goals and KPIs (1.5 hours).
Annually:
Annual Financial Review and Planning: Yearly strategic review (3 hours) to set goals and strategies for the coming year.
This may sound like a lot, but this commitment amounts to just a few hours per month, which means it's the only time you need to spend on financial matters. The return on this time investment will make it well worthwhile, freeing you from financial stress for the rest of the month. I can also coordinate with your accountants and bookkeepers, saving you time and effort.
Each session ensures you have a clear plan of action for the coming weeks and months to keep your business moving in the right direction. I'll share the tips, tricks, and hacks I’ve picked up over the years to optimise your business—so you benefit the most (legally, of course!), not the tax man.
Do I still need an Accountant?
Do I still need an Accountant?
Yes. While I provide strategic financial guidance, I won't handle your accounts or bookkeeping. You'll still need an accountant for those tasks. If you don't have one already, I can connect you with a trusted partner I've worked with for years.
I can also be the liaison between you and the accountant to save you time and any confusion.
Isn't this just more work for me?
Isn't this just more work for me?
This process will require some of your time, but it’s one of the most efficient uses of your time for financial rewards. Expect to spend around half a day on admin tasks and our monthly and quarterly meetings. This investment in time will significantly boost your revenue and profit.
What turnover do I need?
What turnover do I need?
Most businesses can benefit from a third-party financial and strategic perspective. However, due to the costs involved, it makes financial sense for businesses with annual revenues above £500,000.
The investment is a tax-deductible business expense, but you need sufficient profits to cover the fee. In exceptional cases, part of the fee may be waived in return for additional equity in the business.
The Important Part
The Important Part
The average salary for a full-time CFO is around £200k. An Outsourced CFO is the perfect solution when a full-time role isn't required or affordable. Often, the payback on the Outsourced CFO service is experienced within the first year. For example, we've recently saved a client £126,000 in the first six months by changing their product pricing and mitigating taxation.
While there are no guarantees, as each business is unique, the success of our partnership depends heavily on your commitment to implementing our strategies. Rest assured, I will do everything possible to ensure you achieve your goals!
How Much Will This Cost Me?
How Much Will This Cost Me?
Each business is unique, so the time and effort required will vary. As a guide, my fee starts at £2.5k per month, with equity options available. This investment is designed to deliver significant returns through increased profits and cost savings.
I aim for most clients to see a savings equivalent to my fee in the first year.
After that, the increase in revenue and profitability, decrease in stress and confusion, more than make the investment worthwhile.
Here's Why You Should Sign Up Now
Here's Why You Should Sign Up Now
You already have a successful business. You don’t need to work with me. If you’re content with the current pace and results, you can save the cost and continue as you have been. But ask yourself this: If you keep doing what you're doing, will you be satisfied with the results you’re getting?
Every large company has a CFO, valuing them at £200k+ for good reason. Over the next year, you can either accelerate your business growth with strategic financial guidance or carry on as you have.
The choice is yours.
Are you a qualified accountant?
I am not an accountant or a tax specialist.
I have worked with many of these over the years and know how often they don't give proactive, strategic advice to business owners.
I am a Chartered Surveyor with extensive experience in financial planning and strategy, complemented by a network of accounting professionals for additional support.
I have qualifications in Executive Finance from the Oxford Saïd Business School, so I am capable of helping with the technical and financial aspects.
Is this a VAT business expense?
The fee is 100% a taxable expense.
We currently do not charge VAT as we've decided to limit the number of clients to remain under the VAT threshold.
This allows us to provide each business with the attention they need.
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