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Case study
Case Study
SeaStock Pty Ltd
Industry
Biotechnology - Aquaculture
Engagement
End-to-End Finance Function
Support Level
Foundations through to Fractional CFO
The Situation
SeaStock's founders had a strong understanding of the commercial opportunity at a macro scale, but needed support to understand the financial drivers required to meet it. With ambitions to attract investment capital and accelerate commercialisation, the business also needed to demonstrate robust financial controls and reporting - without the overhead of a full in-house finance team.
The Opportunity
Metric was engaged to provide SeaStock with an end-to-end finance function - from day-to-day bookkeeping and payroll compliance through to management reporting and Fractional CFO support. The opportunity was to build a financial foundation aligned to SeaStock's growth and capital-raising goals, and to give the founders clear numbers and a trusted finance partner at every stage.
The Solution
Bookkeeping and finance back-office
Implemented weekly Xero bookkeeping, bank reconciliation, BAS and IAS preparation, payroll processing and expense management via EzzyBills. Established a clean, reliable finance back-office so SeaStock's accounts are accurate, up to date and decision-ready at all times.
Financial model and business driver framework
Developed a financial model using scientific assumptions from lab scale to identify the key financial drivers most impacting SeaStock's performance and valuation. Restructured the chart of accounts around those drivers and designed systems to capture the metrics that matter.
Management reporting and cash flow visibility
Delivered a monthly reporting pack including actual V Budget/Forecast P&L, cash flow and KPI dashboard, with variance commentary - giving the founders clear visibility over performance, cash runway and key business drivers every month.
Board and investor-ready reporting
Prepared investor-ready financial statements, board packs and capital-raising support to accelerate funding outcomes and give investors confidence in the numbers behind the business.
Grant and accelerator program support
Supported SeaStock to identify and secure non-dilutive funding through competitive grants and accelerator programs aligned to its R&D and commercialisation goals - extending runway, accelerating product development and building early traction without diluting founder equity.
Metric Services Engaged
Tier 1 - Foundations
Bookkeeping, bank reconciliation, BAS/IAS, payroll processing, expense management (Dext), Xero subscription
Tier 2 - Clarity
Monthly reporting pack (P&L, cash flow, KPI dashboard), variance commentary and budget build
Tier 3 - Fractional CFO
Financial modelling, scenario planning, capital requirements, board and investor reporting, grant support
