Supporting Founders Factory on its growth mission
—— Accounting for growth
As a business incubator, Founders Factory was created with the mission to launch 200+ technology businesses within 5 years. At Chariot House we worked with Founders Factory from the earliest days when, as a start-up itself, it faced the early growth challenge of ensuring it had the right financial reporting systems in place to manage the rapid expansion needed to fulfill its mission. From the outset, the management team recognised the need for regular, accurate financial insights to guide decisions and provide a firm basis for supporting the many companies that it backs.
Building the right reporting structure
Chariot House set up, and now runs, Founders Factory’s accounting systems. We developed a monthly management pack for the business for which we produce regular reports to ensure the management team has accurate and timely financial information. We also assisted the company in preparing due diligence packs for the significant inward investment required to fund the chosen start-up businesses. Now that Founders Factory is investing in many incubator businesses, we are helping some of those companies deal with their accounting, tax and management reporting, payroll and auto enrolment issues.
Growing for it
Since its start in 2015, Founders Factory has already launched a series of start ups covering a wide array of business areas from travel, media, artificial intelligence, hospitality and fitness. Chariot House staff liaise across the whole group between operations, legal and executive, as well as with the CEO’s and staff of the incubatees.
How can we help you?
Planning for and managing growth is a definitive challenge for businesses. At Chariot House we believe growth management is always made easier by having the right financial information presented, in the right way, at the right time. Call Mark on 0203 285 8900 for a confidential, no-obligation discussion on planning and managing your growth.