Donald Reid Group

Fast Growing Companies

Managing a fast growing business is a challenge – demanding a broad range of different skills from the management team.

DRG Chartered Accountants can help you every step of the way – assisting with funding rounds and complex tax planning as well as providing support for the day-to-day running of a busy finance department.

Funding expansion

Over the years, we have helped a numerous companies implement their ambitious growth plans and go through several funding rounds. We have a strong network of funding partners looking to invest and we can help you prepare yourself and the business both prior and post investment.

Supporting growth

During times of rapid expansion, you might need support with the day-to-day running of your finance department. Rather than taking on additional staff, why not talk to DRG Outsourced Finance?

Case Studies

Alexandalexa.com

A T Shop Limited through its website alexandalexa.com is an online retailer of high end children’s clothing. DRG have worked with A T Shop from its first round of equity investment. We computerized the bookkeeping system and introduced monthly management accounts with a variance analysis and budget, which was incorporated into a board pack. It was vital that meaningful financial information was provided and the controls and systems were tightened as the new shareholders were not directly involved in the management of the business.

As the company has grown our role has changed, we handed over the outsourced finance function to an internal finance team. We now perform the annual audit, statutory accounts preparation and corporation tax returns. We also provide business advice and assist in claiming EIS reliefs for investors and provide continued support to a fast growing and evolving enterprise.

Extrinsica Global

Extrinsica Global Limited is a rapidly growing cloud services provider specialising in building and managing bespoke computing platforms for service providers. They enable their partners to deliver highly integrated cloud-based IT services to their customers around the globe to meet their growing, sophisticated IT needs.

Donald Reid Group were introduced during a fund raising round and produced a business plan and cash flow forecasts that helped secure over £3m of funding. After the successful investment we now provide a complete outsourced finance function. This includes bookkeeping, payroll, VAT returns and monthly management accounts that include cash flow forecasts and KPI’s that are delivered in a board pack and presented to the directors and investors.


DRG Chartered Accountants provides a full range of accountancy services. To arrange a complimentary meeting to discuss your accountancy, tax planning and business advisory needs, please telephone 01628 760 000.

 

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