For Portfolio Companies

Helping investors understand what's really happening inside their portfolio - before it becomes a problem.

Investing in a company is the beginning, not the end. As portfolios scale, keeping a clear picture of financial health, reporting quality, and operational risk across multiple companies becomes increasingly difficult.

We work with VCs and growth investors to deliver structured financial reviews of existing portfolio companies - giving you the visibility you need to support management teams effectively, identify risks early, and prepare companies for their next stage of growth or transaction.

What We Review

Our portfolio company reviews are tailored to what matters most at each stage. Depending on your objectives, our work typically covers:

Financial health & reporting quality

Are management accounts accurate, timely, and consistent?
Does the financial model reflect the current state of the business?
Are KPIs being tracked and reported in a way that's meaningful?

Revenue quality & unit economics

Is ARR being recognised correctly?
Are retention, churn, and expansion metrics well understood?
Do unit economics support the growth plan?

Cash & runway

Is the runway forecast realistic?
Are there working capital risks that need attention?
Is the company tracking toward its next fundraise milestones?

Operational & governance foundations

Are the right finance processes and controls in place for the current stage?
Are there compliance, tax, or statutory risks that need addressing?
Is the finance team resourced appropriately for what the business needs?

When This Is Useful

Portfolio reviews are typically commissioned when:

A company is approaching its next fundraising round and needs to be investor-ready
There are concerns about reporting quality, financial controls, or cash management
The business has grown quickly and the finance function hasn't kept pace
You want an independent view ahead of a board discussion or strategic decision
A new investor is coming in and wants comfort on the financials before closing

Request a conversation

What You Get

A clear, structured report covering:

Reports

Executive Summary

A concise summary of key findings, red flags, and priorities - written to be useful in a board or IC discussion, not just filed away.

Analysis

Financial & Revenue Review

Assessment of reporting quality, model integrity, ARR recognition, unit economics, and cash and runway position.

Risks

Operational & Governance Risks

Identification of process, compliance, and governance gaps - with practical recommendations prioritised by urgency.

Consulting

Recommendations

Clear, actionable guidance on what needs to change - prioritised by urgency and written to be acted on, not just read.

How We Work

Scoping call to understand your objectives and the company's current position
Access to management accounts, model, and relevant materials
Structured review across agreed workstreams
Draft report with findings and recommendations
Debrief call with you and/or the management team

Why ECAP

Because we've held senior finance roles inside high-growth companies, we understand what good looks like at each stage - and what needs to change.

We don't just identify problems.

We give management teams practical, commercially grounded guidance on how to fix them.
We've delivered portfolio reviews for funds including Octopus Ventures, Speedinvest, Illuminate Financial, and British Patient Capital.

Want a clearer picture of what's happening inside your portfolio? Get in touch.

Also conducting pre-investment diligence? See our Financial Due Diligence for Investors.