Case studies · Success story

Rebuilding an SME finance function on retainer

Bookkeeping cleanup, management accounts, and part-time CFO leadership turned chaotic books into lender-ready reporting.

Client Growth-stage SME Industry FMCG distribution Year
Monthly Close cycle
Expanded Facility
Retainer CFO Model

Challenge

What was at stake.

Rapid growth outpaced the finance function. Bank reconciliations lagged, VAT was reactive, and the owners could not answer basic margin questions when seeking expansion credit.

Approach

What MFAS did.

MFAS ran a books remediation, installed a monthly close, and layered outsourced CFO support for forecasts, board packs, and lender liaison—without hiring a full-time senior team overnight.

Outcome

Where it landed.

Within a quarter the company produced timely management accounts; within two, it secured expanded facilities on cleaner information.

In depth

Growth without finance discipline eventually becomes distress. This engagement caught the problem while the company was still winning customers.

Cleanup came first: opening balances, reconciliations, and a chart of accounts that matched how the business actually traded.

Then cadence: a close checklist, exception lists, and a short pack owners actually read. Only then did forecasts and facility conversations make sense.

The retainer model scaled with them—proof that “outsourced” can mean serious leadership, not just transaction posting.

Next step

Talk through your mandate.

Whether you need a licensed insolvency practitioner, an independent review, or a turnaround plan—MFAS will respond with clarity.