650NED
Have you nailed the fi nance function in your business?
For many business owners, fi nance starts off simple. A bookkeeper handles invoices, your accountant files annual accounts, and cash fl ow is tracked on spreadsheets. But as your company grows beyond £250k turnover, these light-touch solutions often stop being enough. That’s where an outsourced fi nance team can transform how you run and scale your business. So how do you know when it’s time to make the switch? Here are the signs to look out for.
1. You’re fl ying blind on the numbers If you only see your fi nancial performance once a year, or at best once a quarter, you’re already behind. Growing businesses need up-to-date information to make smart decisions. ■ Do you know your monthly profi tability? ■ Can you track cash fl ow beyond the next few weeks? ■ Do you have forward-looking forecasts to plan for growth or investment?
If the answer to these questions is no, it’s a red fl ag. An
outsourced fi nance team can provide timely management accounts, cash-fl ow forecasts and dashboards that help you take control of the future, not just react to the past.
2. Your fi nance function depends on one person Relying on a single bookkeeper or administrator may work at the start, but as you grow, risks multiply. What happens if they take holiday or leave? Is anyone checking their work? An outsourced finance team provides depth and
resilience: multiple specialists working together, covering bookkeeping, reporting, payroll, cash-fl ow management, and even fi nance director support. T at means no single point of failure, and a consistent standard regardless of staff changes.
3. You’re spending too much time on fi nance admin As an owner, your time is better spent on strategy, sales, and clients, not chasing invoices, processing payroll, or checking VAT returns. Yet many founders fi nd themselves dragged into fi nance tasks just to keep things moving. Outsourcing means you get your evenings back. With
a dedicated team running the numbers, you can focus on growth while knowing compliance and reporting are in safe hands.
4. You’re planning for exit or investment If you’re thinking about selling your business in the next three to fi ve years, or raising external fi nance, you need more than tidy books. Investors and acquirers want
Annie
Thompson Director 650NED
robust fi nancial systems, detailed reporting and clear cash fl ow management. An outsourced fi nance team can professionalise your
numbers, giving potential buyers or investors confi dence. T is preparation often increases valuation and makes due diligence far less stressful.
5. Costs are rising faster than sales A turnover of more than £250k is a strong sign your business is scaling, but growth often brings complexity. More staff , more suppliers and higher overheads mean it’s easy to lose track of margins. If you fi nd costs creeping up without clear visibility,
outsourcing can help you regain control. A fi nance team will analyse your cost base, highlight ineffi ciencies, and ensure you’re investing in the right areas to maximise profi tability.
6. You want big-fi rm capability without the big- fi rm cost Hiring a full-time finance director or controller is expensive, often more than £80k a year before benefi ts. But outsourcing gives you access to that level of expertise at a fraction of the cost. You can scale the service up or down as needed, paying only for the support required at your stage of growth.
Crossing the £250k threshold is often the point where
businesses outgrow basic bookkeeping. If you’re struggling with visibility, effi ciency, resilience or strategic planning, it may be time to consider an outsourced fi nance team. Done well, outsourcing doesn’t just keep the books
straight, it empowers owners with clarity, control and confi dence to grow faster and smarter. If you would like to explore the option for ‘growing up’ your fi nance function, get in touch with 650NED.
Find out more on 01908 909689, email
hello@650ned.co.uk or visit
www.650ned.co.uk
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