Donald Reid Group

Venture Capital Funded Firms

We work with a number of private finance sources looking to invest in quality high growth businesses.

We advise on tax structures for the investment vehicles through to due diligence on targets and provide audit and compliance services post investment. We look for innovative opportunities to benefit both the target company, key management, investors and additional funding sources.

Case Studies

A T Shop Limited

A T Shop Limited though its website alexandalexa.com is an online retailer of high end children’s clothing. DRG has 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 Limited

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 aaround the globe to meet their growing, sophisticated IT needs.

DRG was 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.

To arrange a complimentary meeting to discuss your accountancy, tax planning and business advisory needs, please telephone 01628 760 000.

 

Go to top of page