Your Accountant is Destroying your Value

A CFO would’ve doubled it! This is why FDS and CFO’s exist.

“You’re €10 million business is really worth €2 million because you don’t have a CFO”.

Last week we had this conversation with a construction business owner who nearly fell off his chair… 

He confidently told me “we are a 10 million business. I’m looking to exit in 12 months”. 

Then we asked one simple question “who’s your Finance Director/CFO?”

His response “We don’t need one. Our Accountant handles everything”. 

Numbers are not just numbers they are a language for business performance.

The shocking truth:

Statistics show businesses with CFO’s sell for 3.2 times more than those without!

When I look deeper into this construction company we found;

• No financial strategy

• No cash flow forecasting

• No working capital management

• Everything reactive not proactive

Here is the brutal truth:

Your business value isn’t just about the revenue…it’s also about the financial leadership!

How a CFO adds value; 

• Strategic financial planning

• Investor ready reporting

• Due diligence readiness

• Banking relationships

• Risk management

• M&A preparation

Why businesses lose value

• No forward planning

• No financial strategy

• Weak financial controls

• Poor cash management

• Relying on basic bookkeeping

Before starting Albeit, I helped to grow a Managed Technology business from a £6M (€7M) enterprise value to £42 (€49M) as group FD/CFO. The secret? Strong financial leadership from day one.

Remember a Bookkeeper records the past, an Accountant records the past, a CFO builds the future!

Stop leaving money on the table. Get proper financial leadership in place before exit.