New service! Learn about our Virtual FD package and who it's right for.

Roughly 50% of small businesses fail before their 5th birthday.

What a daunting statistic for any new business owner!

Obviously there are many reasons that businesses fail, but one of the most common is not making the wisest financial decisions. Most business owners have a million and one things on their to do list and almost always, analysing financial data falls to the bottom.

What is a Virtual FD and is the Lodestar package right for you?

Do you want to understand the financial side of your business without spending hours trawling through data? Do you lack information to enable you to make informed decisions for business growth?

If you answered yes to these questions, then you need a Virtual FD.

‘A virtual FD is a financial expert who offers insights and advice to businesses.’

Do you want an approachable team who care whole heartedly about the future of your business? Do you need a sounding board and someone to provide financial sanity? Do you use Xero?

If yes, look no further, we’re the ones for you!

What is included in the Lodestar Virtual FD package?

The Lodestar Virtual FD package includes:

* Monthly bespoke management accounts pack to include Xero Profit & Loss report, Balance Sheet and Aged Receivables/Payables where applicable, plus tailored reporting as agreed.

* Monthly KPI analysis

* Monthly Fluidly cashflow forecast report to assess the next 12 months cash position

* Annual budget and forecast

* Monthly meeting of up to 1 hour to discuss:

- business performance and management accounts

- future plans and growth opportunities

- identifying cashflow issues and providing solutions

* Interim meeting of up to 1/2 hour to discuss ad hoc queries

How much does it cost?

A full time Finance Director (FD) will cost a company anything from £50k in salary, plus perks and holiday leave on top. This is out of reach for many SME’s, but why should a small business miss out on the valuable services that an FD can offer. This is where the Virtual FD role comes in!

The Lodestar Virtual FD package, provides all the priceless information to you from only £845 + VAT per month.

Want to know more? Get in touch!