Ryecroft Glenton (RG), the North East business advisory firm, is celebrating the 5th anniversary of its Outsourced | FD service line, which has achieved strong growth since inception, enabling it to double the size of its team.
Founded by RG partner Dan Cooper, Outsourced | FD provides a complete outsourced finance function solution and board level advisory support for SME businesses.
The service helps business owners to make informed strategic decisions and assists them in achieving their growth objectives, while supporting them to navigate challenges.
It has achieved year on year growth of between 30 and 40 percent, establishing a UK-wide client base, including companies with interests across the US market, in sectors such as recruitment, architecture, and a number of technology focused businesses.
The continued growing demand for the service has come as a result of referrals from non-executive directors and other professionals advising scale up SMEs, through continuing to grow its presence in the market, and from existing clients, who have valued all aspect of its offering over the last five years.
As a result of the growth, Outsourced | FD has doubled its headcount over the past year to a team of eight, with further recruitment planned for the summer. It also celebrates the promotion of Rachel Johnsone to Senior Manager. Rachel has played a key role in client delivery and the overall growth strategy of Outsourced | FD over the last 18 months.
The service delivery, and its growth, has been bolstered by investment in technology with the introduction of bespoke software applications, which support cash flow management, credit control and management reporting, including real-time information that improves the speed of decision making.
In addition, Outsourced | FD has introduced an additional service which delivers a financial system review advising on the effectiveness of the processes and technologies used, to establish how a business might operate more efficiently by holding and delivering financial information accurately and in real-time.
Dan Cooper said: “The last five years have flown by, and I am exceptionally proud of the growth we are achieving with Outsourced | FD. It is testament to the commitment of our growing team and the support of our clients that recognise the benefits it brings, most notably the confidence it gives them to get on with what they do best, running and growing their businesses.
“Our growing client base also brings the opportunity to grow the team, which is exactly what we have done in recent months, and I am confident we’ll be adding more people soon.
“We have built close and collaborative relationships with our clients who value the advice and support we provide, and we are looking forward to continually enhancing the service with more technology-led solutions and talented people who can help our current and future clients grow.”