Future Workshops

Future Workshops make Apps & platforms that people love!

Established in 2008, we are 40 of the world's top tech makers and builders Today we build and own our own successful software products, and work with top tier, global customers to deliver ground-breaking platforms. We are one of the most experienced smartphone software companies in the world, having built 300+ premium quality Apps.

The challenge

The challenge was to build trust with an already successful founder, work with him to review personal and business objectives and agree a business plan that delivers scale up levels of value whilst balancing business risk and optionality. This included helping develop senior roles to free up founder time to work in the most productive areas and provide deeper expertise in commercial finance and corporate development to take advantage of IP development capabilities.

Our solution

  • Introducing efficient governance and oversight

    • Chairing regular ‘Board/Management’ meetings to input into key areas of strategy, sales, finance, people and marketing

  • Providing a sounding board, emotional support, independent challenge and helping the management team ‘see round corners’, suggesting solutions that have worked elsewhere

  • Building infrastructure required to underpin a high growth business

    • improving management accounting and cashflow reporting

    • improving performance and margin/KPI reporting

    • Improving financial management of the business

    • More focus on managing risk particularly tax e.g. overseas tax exposure, R&D Tax Credits etc

  • Adding commercial finance, structuring and negotiating expertise and experience to important projects

  • Introducing advisors who are used to supporting scale ups and making the complex more simple

  • Looking ahead and considering how best to create and sustain highest strategic value

  • Contributing to product development, both ideas and process and introduce talent to support this process

  • Assessing and implementing team incentives such as EMI options and bonus schemes

  • Preparing the business for external inspection eg by auditors, and building a robust, integrated and interactive financial model which includes assessment of business valuation and scenario planning to help decision making and best use of resources


 

Client
Future Workshops

Stage
Scale Up

Sector
Digital Transformation

Proposition
Future Workshops builds Apps and Platforms that transform organisations.

We were one of the first companies to build for the Apple App Store. In 2008 we helped a customer scale from 20 people to an IPO on the NASDAQ worth billions of dollars a few years later through a set of innovative Apps.

Relationship duration
2 years

Our roles
Finance business partner, outsourced CFO, finance function support including financial modelling, management accounting and KPIs , decision making support and founder mentoring    

 

The results (so far)

 

Providing “always on” support to the business

Reduction in founder burnout

Regular and comprehensive management reporting including profitability by client and project

Strategic project support

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“As a sole founder I’m hugely grateful to Richard and James for the objective and empathetic support they have given the team at Future Workshops. Their experience and business literacy has underwritten strategic projects, which will be transformational for our company.”

Matt Brooke-Smith
Future Workshops, Founder

 

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