FD Capital, a leading boutique financial recruitment agency based in London, has reported a surge in demand for fractional CFOs across various industries in the UK, particularly in private equity-backed sectors.
A fractional CFO is a financial professional hired for a specific project or purpose. Unlike their full-time counterparts, a fractional CFO is most often associated with small companies or those seeking sustainable growth.
In recent years, the role of CFO within the UK has radically changed. It’s no longer gathering data or presenting charts and graphs at weekly meetings. A CFO is a key part of the leadership team as an advisor to the CEO.
One reason for the rise in popularity of fractional CFOs is the shift to flexible and remote working. Both financial professionals and businesses are taking advantage of the ‘digital nomad’ culture.
Fractional CFOs are financial professionals hired for specific projects or purposes, often for small companies or those seeking sustainable growth. The role of CFO has evolved in recent years, with CFOs now playing a crucial advisory role in the leadership team. The rise in popularity of fractional CFOs can be attributed to the shift towards flexible and remote working, as well as the cost-effectiveness of hiring them.
Companies are turning to fractional CFOs to navigate post-pandemic challenges and benefit from their expertise without the financial burden of a full-time CFO position. This trend is driven by senior financial professionals seeking freelancing opportunities and the need for fundraising strategy oversight. The growth of the fractional CFO market in the UK reflects the evolving financial industry landscape in the post-pandemic era.
One of the most popular reasons for fractional CFOs being hired is to oversee fundraising strategy. It may be their sole project to prepare the company for applying for VC and private equity funding or opening doors by sharing their network.
You can find out more about FD Capital at www.fdcapital.co.uk
