CP AND STARTUP CFO. SUPPORTING MEMBERS’ AMBITIOUS GROWTH. AND THEN SOME


Steve Leith
22 August '22

4 minute read

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Our collaboration with Startup CFO has propelled from strength to strength. Following last year’s success, we’ve expanded our relationship to become Startup CFO’s preferred R&D provider and developed an awesome events and support programme.

Our Tech & High Growth team has been supporting Startup CFO (SUCFO) members with high-quality events and thought leadership pieces on key areas for start-ups and scale-ups. Adding an R&D offering to that partnership arrangement was a ‘no-brainer’.

The relationship with SUCFO – the UK’s leading network for CFOs and senior finance professionals in fast-growing start-ups, scaleups and high growth businesses was obvious from the start. Our vision and values really align.

The accounting and tax issues raised within the SUCFO membership are the same issues that our Tech & High Growth team are tackling day in day out. They include making your first audit appointment, or changing providers, dealing with the tax challenges around rapid international expansion, getting ready for diligence in your A, B or C round, understanding the issues presented by share option schemes, maximising your R&D claims and minimising the process whilst doing so, figuring out tax issues around secondary transactions, planning out your US expansion steps, and much more.

To get to the crux of these issues, we’ve built on our core events to deliver our Bitesize Series, taking a deep dive into the key topics affecting scaleups on their venture journey.

As part of this on-going arrangement, we’re the only firm of accountants partnered with SUCFO, and will be getting to work in supporting a network which includes many of the leading high growth companies in the UK.

STEVE LEITH, OUR HEAD OF TECH & HIGH GROWTH, SAID:

“The first twelve months of our relationship with Startup CFO have been exceptional. And we’re back for more – plus some. We’ve got to know many of the SUCFO members well and are committed to supporting their growth. Being a CFO in a high growth business means dealing with many conflicting pressures and moving fast to solve problems. The CFOs in the network talk positively about the value they get from sharing information and knowledge with like-minded people in businesses facing similar challenges. Our job is to supplement that with focused insights from our work with many scaleups.

Becoming SUFCO’s preferred R&D partner is also fantastic news. Joining up workstreams across audit, tax and R&D delivers undoubtedly efficiency in terms of the project management burden on finance teams. But it’s not just about the best possible R&D or tax outcome; we also consider the lens of future due diligence in all the work we do. We will be sharing our unique approach which significantly reduces the time requirement on development teams in preparing the R&D claim, something we hear time and time again from CFOs looking to improve their claim process.

We’re excited to deliver our new events and support programme, tackling the issues before they become problems is what we do best and we can’t wait to get stuck in!”

GUY HUTCHINSON, CO-FOUNDER AT STARTUP CFO, ADDED:

“The Cooper Parry team is a huge asset for our membership at Startup CFO, providing timely advice and running really high-quality events. The introduction of the Bitesize series, focussing on the hottest tax topics, has become the perfect complement to the core talks and their innovative ‘office hours’ initiative which many of the members have found beneficial to explore up any coming challenges.”