Guide

Interim finance director cover for car dealerships

Quick answer

An interim FD for a dealership steps in when your finance director or dealership accountant leaves, keeping month end, composites, stock and funding reconciliations and audit preparation on track while you recruit or restructure. The right person has worked inside a dealer group, not just with them.

What an interim dealership FD covers

  • Month-end close and management accounts
  • Manufacturer composites, on time and correctly mapped
  • Vehicle stock and stocking plan reconciliations
  • Cash flow, funding lines and bank relationships
  • Audit preparation and liaison with the auditors
  • Board and shareholder reporting
  • Supporting or rebuilding the finance team

When dealers bring in interim cover

  • The FD or dealership accountant resigns or is off long term
  • An acquisition, new franchise or new site
  • A system change, such as a new DMS
  • Audit problems or a qualified opinion
  • Preparing the business for sale

What to look for

  1. Hands-on experience inside a dealer group.
  2. Knowledge of your DMS and the manufacturer's composite.
  3. Experience with stocking plans and vehicle funding.
  4. Someone who will train your team, not just fill the seat.

Frequently asked questions

How quickly can an interim dealership FD start?

Often within days when cover is urgent.

How long does interim cover usually last?

Anywhere from a few weeks to several months, depending on recruitment or the project.

Do you carry out dealership audits?

Abbeygate doesn't do audits, but supports dealers to prepare for them and works alongside the auditors.

Can interim cover become permanent part-time support?

Yes. Many dealers move to an ongoing outsourced FD arrangement afterwards.

Sources and further reading

This guide is general information for UK taxpayers and was correct when last reviewed. Tax rules change, so check your own position with a qualified adviser.

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