Hire Fractional CFO
How to hire a fractional CFO in the UK — when you need one, what to look for, typical process, and cost expectations. Day rates £700-£1,600, monthly retainers £5k-£14k, with 40-60% savings versus full-time CFO loaded costs.
When to hire a fractional CFO
You need strategic finance leadership but not full-time
Scale-ups at £1-15m revenue often need CFO-level expertise (board reporting, fundraising, financial planning) but can't justify £150k-£300k+ full-time cost. Fractional CFOs provide senior finance leadership at 2-3 days per week.
You're preparing for growth milestones
Fundraising, acquisitions, or IPO prep requires CFO-level financial expertise. Fractional CFOs specialize in these milestone events without long-term full-time commitment. Many have led multiple fundraises across their portfolio.
Your Finance Director needs senior backup
Growing companies often promote Finance Managers to FD roles but need CFO-level oversight for board reporting, investor relations, and strategic financial planning. Fractional CFOs mentor internal teams while providing senior expertise.
You're between permanent CFOs
Interim coverage while recruiting permanent CFO. Fractional CFOs can start immediately (2-4 weeks vs 3-6 months CFO search) and maintain financial leadership continuity without recruitment pressure.
How to hire a fractional CFO
Define your scope and budget
Clarify what you need: Board reporting? Fundraising support? Financial planning? System implementation? Budget expectations: £5k-£14k/month retainers typical (FACTS 18). Time commitment: 1-3 days per week standard.
Source candidates through multiple channels
Specialist fractional agencies like Fractional Quest focus on pre-vetted senior practitioners. Networks: Ask your investors, advisors, other founders. Direct search: LinkedIn, industry events. Referrals: Often the best source for proven performers.
Structured interview process
Portfolio review: What similar companies have they helped? Scenario planning: How would they approach your specific challenges? Cultural fit: Will they work well with your team and board? References: Always check 2-3 recent clients.
Trial engagement structure
Start small: 1-3 month initial engagement. Clear deliverables: Specific outcomes expected. Review points: Monthly check-ins on progress. Extension terms: How to scale up if successful. Most fractional relationships start as trials.
Related Resources
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