As the holiday season approaches, we hope this post finds you in high spirits and thriving amidst the festivities; after all, it is the season for business success and festive cheer. While Christmas is undoubtedly a time for merriment and relaxation, it’s also an excellent opportunity to reflect on your business’s accomplishments, plan for the…
Today, we delve into the challenges of managing finances across diverse currencies, regulatory landscapes, and economic environments and present you with innovative solutions to overcome these hurdles. As the world globalizes, it is becoming increasingly crucial for CFOs to adopt strategic financial planning to navigate the intricacies of foreign exchange. Fluctuating exchange rates, intricate tax…
In the dynamic business landscape, navigating Mergers and Acquisitions (M&A) is a strategic move that can redefine your company’s trajectory. As your trusted financial partner, we at WrightCFO believe it’s essential for SME owners to understand the intricacies of M&A, the associated benefits and risks, and how our Fractional CFO services can prove invaluable in…
Today, we want to shed light on a compelling article we found in The Guardian that explores the revitalisation of the UK high street through the innovative concept of pop-up shops and galleries. As the retail industry continues to evolve, we believe this trend holds great potential for SMEs to embrace. The current state of…
As we approach the final quarter of the financial year, it’s crucial for small and medium-sized enterprises (SMEs) to not only reflect on their year-end results but also lay the foundation for future success. In this edition of WrightCFO News, we will explore the significance of budgeting, forecasting, and setting targets for the upcoming year,…
Unraveling the Metro Bank Saga This week, we dive into the latest developments at Metro Bank and what they mean for your business. What Happened at Metro Bank This Week? This week, Metro Bank, a well-known presence on the high streets of the United Kingdom, made headlines once again. Three key events caught our attention:…
Navigating Currency Challenges Today, we bring you insights into the recent developments surrounding the Pound Sterling and its implications for British businesses, along with valuable advice on how to mitigate associated risks. Additionally, we will explore how contracting with a Fractional CFO from WrightCFO can provide specialised support during these challenging times. As highlighted by…
Fostering Inclusivity in Your Business September marks Deaf Awareness Month, a time to celebrate the Deaf and hard-of-hearing community, raise awareness, and promote inclusivity. In today’s interconnected world, businesses have a unique opportunity and responsibility to create environments that embrace diversity and support all their employees and customers, including those who are Deaf or hard…
In a world that is becoming increasingly conscious of its environmental and social impact, the significance of Environmental, Social, and Governance (ESG) reporting for businesses cannot be overstated. ESG reporting is more than just a buzzword; it’s a strategic imperative that can drive value, enhance reputation, and secure the future success of your organisation. This…
In this article, we explore mitigating the risk of insolvency. According to Gov.UK, “The number of registered company insolvencies in England and Wales in June 2023 was 2,163, 27% higher than in the same month in the previous year (1,698 in June 2022)“. In light of the recent increase in registered company insolvencies in England…