Function

The Virtual Executive Team replaces the need for a full-time CFO and COO, enabling you to save money (and retain equity) but continue to have the comfort that your business is in the safe hands of professionals.

With our Virtual Executive Team there are a large number of services that come as standard and Lothbury can be flexible to your needs if there are specific services you need to cover.

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Monthly

  • Bookkeeping – Oversight of company financial data, accounts payable & receivable, general ledger entries
  • Month-end finance reporting – Income statement, balance sheet, cashflow, management report
  • KPI reporting – Tracking & reporting of Key Performance Indicators
  • Cashflow forecast – Inflows, outflows, detail of future cash position
  • Grants and Loan review – Monthly review of possible grant and loan opportunities, including compiling of requirements and application submission
  • Payroll – Monthly payroll run, including PAYE submissions to HMRC
  • Board meetings and formalities – Agenda, actions, minutes, timings
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Quarterly & Annual

Quarterly

  • VAT returns – Monthly review and quarterly submission
  • Companies House filings – Confirmation Statement, etc
  • Year-end accounts – Annual review and statements

Annual

  • R&D reclaims – Technical paper, calculations and submission
  • Statutory policies – Privacy policy, diversity policy, etc
  • Corporation Tax return – Collation and submission (no tax advice)
  • Corporate Governance review – Terms of reference, policies and procedures
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Ad Hoc & Additional

  • Financial modelling – Strategic modelling, including valuation justification for fundraising rounds
  • Fundraise documentation – Subscription letters, Deeds of Adherence, Term Sheets, Cap tables
  • Maintenance of shareholder documentation – Articles of Association, Memorandum of Association, Shareholder Agreements
  • Operational modelling – Target operating modelling, operational strategy, scaling and oversight
  • Contract and proposition review – Pre-legal review of all contracts and propositions to ensure appropriate documentation of the facts and figures, forecast, analysis and assessment of risks and a measure or justification of feasibility
  • Business Governance – Implementation of governance framework, including Company Handbook, etc
  • Risk Assessment and Planning – Implementation of risk management framework, assessment, analysis, business continuity and disaster recovery planning, etc
  • Programme Management – Project oversight, alignment to long-term business goals, product and project design and management
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    Let's talk

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    Call us on 0330 133 2223

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    Drop us a line