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…
Unlocking Cash Flow Potential. In the dynamic landscape of business, maintaining a healthy cash position is of great importance. It’s the cornerstone of financial stability, growth, and seizing opportunities. Enter the Fractional CFO from WrightCFO – a strategic partner who can revolutionise your cash flow and working capital management. In this newsletter, we’ll delve into how…
In the fast-evolving world of e-commerce, the recent Amazon rule changes have cast a shadow of uncertainty over UK small online retailers who have long relied on the platform for their business success. This article in the Guardian explains. As the dust settles on this transformative shift, it’s imperative for these entrepreneurs to adopt proactive strategies to…
In the dynamic landscape of nonprofit organisations, financial stewardship stands as a cornerstone of sustainable growth and impactful mission fulfilment. As we delve into this edition of WrightCFO News, we’re shining a spotlight on a vital resource that can empower charities to navigate the financial maze with finesse: the Part-Time CFO. Unveiling the Part-Time CFO Advantage: A…
Today, I want to shed light on a significant movement in the business world – becoming a Certified B Corporation, or B Corp for short. This certification represents a commitment to social and environmental responsibility, and it can transform the way your business operates while making a positive impact on society and the planet. What…
Fundraising for Businesses In this article, we’ll be exploring how a Fractional Chief Financial Officer (CFO) can play a pivotal role in bolstering your chances of successfully raising external investment. As small and medium-sized enterprises (SMEs) strive for growth and expansion, securing external investment is often a crucial step in realising their ambitions. However, the…
Summer is finally here, and as business owners, we understand that the holiday season can be the perfect opportunity to take a well-deserved break. While you may be planning to soak up the sun and enjoy some leisure time, why not also invest in yourself and your business by indulging in some enlightening and enriching…
In today’s rapidly evolving business landscape, it’s crucial for finance departments to stay ahead of the curve and leverage cutting-edge technologies to streamline operations, enhance productivity, and improve accuracy in finance. With that in mind, we are excited to share with you the best new tech tools that can revolutionise your finance department. So let’s…
In this article, we explore the current landscape of raising finance for SMEs in light of the rising interest rates in the UK. We’ll also share some valuable tips on how businesses can enhance their chances of securing much-needed funding. So, let’s dive in! The Impact of Rising Interest Rates In recent months, the Bank…
When business owners find themselves in the middle of a cost-cutting exercise, the idea of hiring a Chief Financial Officer (CFO) on a part-time basis may seem counterintuitive. However, hiring a part-time CFO can actually yield significant financial benefits in the long run by unleashing financial growth. Here’s why: Expertise on a Budget: By hiring a…