Strategic partner
for your transformation
Supporting entrepreneurs in transforming SMEs and mid-sized companies, in France and internationally.
The situation
The finance function must keep pace,
without the cost of a full-time CFO.
Growth, transformation, succession: SMEs in transition face four recurring financial challenges, often at the same time.
Cash flow
Transformation stretches working capital requirements and puts cash flow under pressure.
Financing
Anticipating the financing of investments at the right time and at the right cost.
Performance
A lack of relevant indicators and overly complex processes make performance hard to steer.
Agility
Reporting that is too slow or unreliable leads to poor decision-making.
A model now well established
Source: DFCG Observatory of Fractional CFOs, 4th edition, 2026.
The answer
An experienced CFO,
at the pace of your SME.
The expertise of an SME/mid-cap CFO, committed a few days per month alongside the CEO.
Flexible
On a subscription or project basis to suit your needs. No rigidity.
Hands-on
Alongside the CEO and the teams, in the field and in your numbers.
Enhanced by AI
Simple, reliable management tools that create value.
Triggers
When should you call on a Fractional CFO?
You are growing
New markets, acquisitions, hiring and industrial or R&D investments.
You are seeking financing
Refinancing, strengthening cash reserves, equity and debt financing.
You lack visibility
Strained cash flow, poorly managed profitability, late and unreliable reporting.
You are transforming the organization
Evolving the finance function, management tools, pragmatic AI.
You are navigating a critical phase
Rapid growth, reorganization, a difficult economic climate, acquisition or sale.
Expertise
Four areas of expertise,
enhanced by AI.
Where AI makes a concrete difference, in every mission.
Growth & Financing
Modeling strategic plans and preparing fund raising.
Business plans and financing scenarios built rapidly, so you can decide fast with your partners.
Cash & Resilience
Managing cash flow and forecasts. Managing your banking relationships.
A continuously updated cash forecast that anticipates pressures before they arise.
Organization & Transformation
Giving the finance function the right tools and building team skills.
Automated reporting: your teams analyze and interpret the numbers instead of merely producing them.
Steering & Performance
KPIs, reporting and decision-support tools that give the numbers meaning.
Your numbers explained in operational language: understand and communicate the causes of variances.
David Allard
Founder · Fractional CFO
Your contact
25 years of financial leadership,
in SMEs, mid-caps & international groups.
Bicultural Anglo-French. UK Chartered Management Accountant (ACMA) · DFCG member. A career spanning industry, services and start-ups.
€0.5–12M
Structured financing, equity & debt
€3–85M
Revenue managed, multi-site in France & abroad
€2–5M
Debt restructured
€5–85M
Cash flow managed
Career · Industry, services & start-ups
1997–2000
ORTEMS
Software start-up (Growth Capital)
2000–2003
Bakkavor
Food manufacturing
2003–2007
Groupe AD
Automotive services (LBO)
2007–2018
Eurotab
Specialty chemicals (LBO / Family-owned)
2019–2020
Anaveo
Electronic security services (LBO)
2021–2024
MVLF
Industrial holding (Family Office)
2024 →
Ascension Advisory
Fractional CFO
Let's talk
Let's discuss your strategic
and financial challenges.
A first conversation, with no commitment, to understand your context.