Venture capital trusts invest in companies to earn a high return in the medium term. Usually, this involves a high degree of financial control (particularly where the business has been under-performing) with a finance director with strong controls skills and a strong personality.
It can be difficult for accountants to work in this environment. Accountants are trained to establish comprehensive internal controls that do not need the supervisory controls that owner managers use to control their business. This can lead to a conflict between the accountant and the manager where the manager possibly sees the accountant as a bureaucrat imposing control that does not contribute to the purposes of the business.
Whilst private equity-backed companies are not public companies, they are run with the professionalism of a public company. Many of the internal controls, process, procedures and reporting mechanisms found in public companies are found in these. Small private equity-owned business can take advantage of the full range of strategic, commercial and financial skills that I can provide.
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