Record 03.2
2025
Capital & Governance
Infrastructure operator · Infrastructure & Energy
Four assets, three funders and a board asked to approve capital cases it could not compare. We built one basis of evidence.
- 4 assets
- On one capital standard
- −12 days
- Reporting lag (sample)
- Tiered
- Delegation framework
Sample demonstration figures — not client data
A
Challenge
Each asset submitted capital requests in its own format, with different assumptions on inflation, availability and residual value.
Lender reporting was assembled manually each quarter, with a two-week lag and repeated restatements.
B
Intervention
Set a single capital case standard: assumption register, sensitivity range and mandatory downside case.
Rewrote the delegation of authority so that decisions moved to the right level, with committee cadence to match.
Consolidated lender reporting into one source of record maintained by the finance function.
C
Outcome
Capital decisions are now taken against comparable evidence in a single committee sitting.
Quarterly funder reporting is produced from one register, without restatement.
A board cannot govern four different definitions of the same number.
Other records
03.1
Growth Reset
A founder-led group with nine service lines, flat profit and no agreement on where to invest next. We reduced the plan to four decisions.
03.3
Operating Model
Three offices, one brand and three ways of working. The firm was losing recoverable hours in the hand-offs between them.