SAS supports Finance Directors of business up to £80m. Our role typically encompasses supporting FDs in areas requiring specialist expertise: financial modelling, raising debt, business valuations and M&A work.
We have assisted FDs in reaching out to debt funders through our extensive network of contacts in the funding community. This applies in particular where the existing bankers are either unhelpful or slow (both) and alternative funding routes need to be explored quickly and effectively.
We also advise on internal reporting to the Board of Directors, such as the level of detail, KPIs and commentary required. Internal reporting, especially at divisional level, can be both sensitive (as it is often linked to performance) and hard to judge (e.g. what level of detail is required in the report?) – having an independent trusted adviser with financial expertise is hugely beneficial to our clients.
SAS also assist in reporting to funders: Our key objective is to provide as much information as needed, without providing any unnecessary detail. We perform covenant testing and give pre-emptive warnings if these are not met. We devise report templates to submit to funders and assist in dealing with them when trading or performance of the business is challenging and covenants are not met.