Who does the monitoring and reporting?

June 24, 2019

The Angel CoFund aims to ensure that all investors receive an adequate level of reporting on the investee company’s trading, whilst trying to ensure no duplication of effort or superfluous activity.

The investee company will be required to provide, as a minimum:

• Management information – describing the trading of the business in the period, usually in the form of monthly Board papers;
• Management accounts – showing cash positions, P&L and balance sheet as well as performance against budget; and
• Statutory accounts – to be produced annually.

The Angel CoFund expects to engage with lead investors and the syndicate on a quarterly basis, or more frequently if circumstances require, in order to discuss the performance of the portfolio company. This meeting will commonly take place over the telephone, but may also be in person when convenient.