London, UK, May 02, 2022 (GLOBE NEWSWIRE) — FD Capital, the leading finance recruitment agency, is seeing an increase in demand for split finance managers in industries across the UK. Its growth remains focused on private equity-backed industries. This increase also reflects the changing role and importance of a CFO for start-ups and SMEs.
A split CFO is a finance professional hired for a specific project or purpose. Unlike their full-time counterparts, a split CFO is most often associated with small businesses or those looking for sustainable growth.
In recent years, the role of the CFO in the UK has changed dramatically. It’s no longer about collecting data or presenting charts and graphs in weekly meetings. A CFO is a key part of the management team as an advisor to the CEO.
One of the reasons for the growing popularity of split CFOs is the shift to flexible, remote working. Both finance professionals and businesses benefit from the culture of the “digital nomad”.
The rapid growth of the split CFO market in the UK is largely driven by its profitability. It’s a way to allow start-ups and SMEs to benefit from the experience of a senior financial professional without the financial burden of a full-time management position.
After weathering the pandemic and Brexit fallout, companies are turning to split CFOs to help scale their strategy. A split CFO can oversee everything from short-term planning to overhauling financial systems and managing growth.
Fractional CFOs are hired with a specific task in mind. They are an investment in
a business, whether overseeing an audit or directing a fundraising goal. Fractional CFOs are hired on a short-term basis for a project that will leave a lasting impact on the business.
As finance professionals seek freelance opportunities in the face of the ‘Great Resignation’, they are driving the growth of the split CFO market. By becoming a Fractional CFO, senior finance professionals can share their knowledge with start-ups and SMBs as they transition from PLCs and Fortune 500 companies.
One of the most common reasons split CFOs are hired is to oversee fundraising strategy. It may be their only project to prepare the company to apply for venture capital and private equity funding or to open doors by sharing their network.
The growth of the UK split CFO market is a sign of how the financial sector is changing post-pandemic, for both businesses and senior professionals.
Adrian Lawrence, director of FD Capital, said. “since the start of 2022, we have seen strong and consistent growth in the fractional CFO space – especially in the PE-backed tech space.”
About FD Capital: FD Capital is a boutique financial recruitment agency based in London. It connects start-ups and companies with experienced finance professionals with experience working with PLCs, venture capitalists and fundraising. FD Capital recruits finance professionals at all levels with a tailored approach for each client, including CFOs and CFOs.
You can find out more about FD Capital at www.fdcapital.co.uk
Name: FD Capital Recruitment
Country: United Kingdom
There is no offer to sell, no solicitation of an offer to buy, and no endorsement of security or any other product or service in this article. Further, nothing in this PR should be construed as a recommendation to buy, sell or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether an investment, investment strategy, security or related transaction is suitable for you based on your investment objectives, financial situation and risk tolerance. Consult your business advisor, attorney or tax advisor regarding your specific business, legal or tax situation. Press room: abrelease.submitmypressrelease.com