As the founder of the business would be stepping back from the day-to-day activities, it was critical that he had complete peace of mind and confidence around the numbers. To achieve this, a ‘sense check’ of financial controls was required to ensure they were robust. Plus the accuracy of cash flow forecasting needed verifying in order to enable appropriate decision-making. It was also important that high quality financials were delivered, with a truly professional approach demonstrated throughout the entire sale process.

Acting as Consultant Financial Director, Grenfell James Associates oversaw the monthly finance cycle, prepared the monthly financial management pack, attended monthly management meetings and acted as a sounding board for the founder and the CEO. In addition, we helped to prepare financial forecasts ahead of the exit process and delivered ongoing monthly financial management packs throughout the sale process and beyond. The end result was the delivery of a successful exit to a global professional services firm – an excellent outcome for Portus customers, employees and shareholders. Stuart Gray, Founder of Portus, said; “The team at Grenfell James were a pivotal part of the Portus team that delivered a highly successful exit. Ultimately the deal brings together two very strong businesses and the joint team will offer vast expertise and deliver innovative employee benefit products and solutions to the market.”