THYOR

Representative composite case study

FP&A and capital planning for a defence-technology scale-up

Defence technology and drones · Well-funded private growth company · Programme FP&A, capacity case and risk scenarios

Composite disclosure

Representative composite based on recurring mandate patterns. Client identities, facts, timing and results are altered or combined for confidentiality and should not be read as a claim about one identifiable client.

Situation

Contract opportunities required production and hiring scale before cash receipt

SectorDefence technology and dronesClient contextWell-funded private growth companyMandateProgramme FP&A, capacity case and risk scenarios

A specialised defence-technology company was preparing to scale production against a mix of contracted milestones and high-probability pipeline. Management needed to distinguish committed capacity from speculative build-ahead.

Long-lead components and specialised labour encouraged early commitments, while programme timing and customer acceptance remained uncertain. The finance plan had to protect readiness without converting pipeline optimism into irreversible cash outflow.

Constraints

What shaped the work.

  • Procurement lead times preceded customer cash.
  • Acceptance milestones affected revenue timing.
  • Export and policy changes influenced market scenarios.

Work performed

How the mandate was approached.

  1. 01

    Built programme-level revenue, procurement and cash models.

  2. 02

    Separated contracted, probability-weighted and strategic capacity cases.

  3. 03

    Mapped supplier and country dependencies.

  4. 04

    Prepared capital and board scenarios.

Deliverables

The working artefacts.

  • Programme FP&A model
  • Capacity case
  • Supplier-risk map
  • Cash and funding scenarios
  • Board decision pack

Expertise applied

Connected practices under one lead.

Office of the CFOGeo-Macro StrategyRisk & Governance

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