Two days a week of senior finance leadership, £5k–£10k/month, board-pack ready in 90 days. The Series A → B phase rarely justifies a £225k full-time CFO.
CFO headhunter UK: fractional, interim and permanent CFO placement
Fractional Quest is a UK CFO headhunter specialising in fractional, interim and outsourced Chief Financial Officer placements. We work alongside retained executive search firms when a board-level permanent CFO search is the right answer — and instead of them when the cost, timeline or commitment of a six-figure retained search is the wrong tool for the job. This page sets out the rate cards, the leading UK CFO headhunters, and an honest map of when each engagement model fits.
What a CFO headhunter actually does
Three engagement models — retained, interim, fractional — and which one fits when.
What a CFO headhunter actually does
A CFO headhunter is a specialist recruiter focused on appointing Chief Financial Officers and senior finance leaders. The defining feature is proactive search — the headhunter identifies and approaches candidates who are not on the open job market, runs structured assessment, and is paid for the process rather than for posting a job. The term covers three quite different engagement models, and the right one depends on what the company actually needs.
Retained executive search — permanent CFO
The standard model for permanent, board-level CFO appointments. The firm is paid an upfront retainer (typically in three instalments — at engagement, at shortlist, at placement), the engagement is exclusive, and the firm invests in market mapping (100–250 candidates), structured interviews, and reference work before any candidate signs an offer. Fees are 20–35% of the placed candidate's first-year cash compensation. Timeline 3–6 months from signed brief to offer accepted. This is the right tool for a multi-year, identity-defining appointment.
Interim CFO placement
A fixed-term, full-time CFO parachuted in for a defined phase — bridging a fundraise, leading a turnaround, covering a permanent vacancy during a retained search, owning a system migration. Typically 3–12 months at £1,200–£2,500/day. Headhunter fee structure varies — some retained, some day-rate margin. Time-to-start is 2–4 weeks because the interim CFO market is a pool of experienced career interims rather than a search through the wider executive population.
Fractional CFO placement
A part-time CFO — typically 1–3 days per week on a monthly retainer — for companies that need senior finance capability but do not need (or cannot yet justify) a full-time C-suite hire. £5,000–£14,000/month depending on company stage. The headhunter that places fractional CFOs typically runs a curated network rather than a search, so time-to-start is 1–3 weeks. This is the model that did not exist at scale until ~2018 and is the one Fractional Quest specialises in.
Retained search vs Interim CFO vs Fractional CFO
Head-to-head on cost, timeline, commitment and fit. Day-rate and fee figures trace to FACTS.md rows 11–15, 17 and 93.
Retained search vs Interim CFO vs Fractional CFO
| Metric | Dimension | Retained search (permanent) | Interim CFO | Fractional CFO |
|---|---|---|---|---|
| Engagement | undefined | Permanent, full-time hire | Fixed-term, full-time (3–12 mo) | Ongoing, part-time (1–3 d/wk) |
| Headhunter fee | undefined | 20–35% of first-year salary | Day-rate margin or retained fee | Built into monthly retainer |
| Day rate / cost | undefined | £150k–£300k salary loaded | £1,200–£2,500 per day | £700–£2,500 per day |
| Monthly cost | undefined | ~£18k–£25k loaded | £24k–£50k (full-time) | £5k–£14k retainer |
| Time to start | undefined | 3–6 months | 2–4 weeks | 1–3 weeks |
| Notice period | undefined | 3–6 months either side | Per contract — usually 1 month | 30 days, no employer NI |
| Best for | undefined | FTSE / PE permanent CFO | Fundraise, turnaround, gap cover | Ongoing CFO leadership at Series A–B / SME |
| Replacement guarantee | undefined | 12 months (Big Five) | Per contract | 30–90 days (varies) |
Engagement
Headhunter fee
Day rate / cost
Monthly cost
Time to start
Notice period
Best for
Replacement guarantee
CFO rate comparator
Day rate · monthly retainer · annualised — fractional, interim and full-time at the same scale.
CFO rate comparator
ASSUMPTIONS: 220 BILLABLE DAYS · 1.42× LOADED FOR FT
CFO day rates by company stage
Fractional and interim CFO day rates band by company revenue and stage. Sourced from FD Capital and ScaleWithCFO 2026 rate guides (FACTS.md rows 11–15).
CFO day rates by company stage
| Company stage | Revenue | Day rate | Monthly retainer | Typical commitment |
|---|---|---|---|---|
| SME / owner-managed | £1–5m | £700–£1,000 | £3,000–£6,500 | 1–2 days per week |
| Scale-up / VC-backed | £5–10m | £900–£1,400 | £4,500–£10,000 | 2 days per week |
| Mid-market | £10–50m | £1,000–£1,600 | £5,500–£12,000 | 2–3 days per week |
| PE-backed portfolio | £20–100m | £1,200–£2,000 | £7,000–£15,000 | 2–3 days per week, covenant-led |
| Pre-exit / fundraising | £10m+ | £1,500–£2,500 | £8,000–£18,000 | 3+ days per week, transaction-led |
CFO headhunter fees — the public picture
No UK CFO headhunter publishes a fee schedule. The bands below are the publicly-cited industry conventions (FACTS row 17 for permanent recruitment, row 93 for retained executive search). Treat as orientation, not a quote — always ask for a written fee letter.
CFO headhunter fees — the public picture
| Search model | Public fee band | On a £220k CFO salary | Typically used for |
|---|---|---|---|
| Retained executive search (Big Five) | 30–35% | £66k–£77k | FTSE / PE permanent CFO, board-level |
| Retained search (UK independents) | 25–33% | £55k–£73k | FTSE 250 / mid-market plc CFO |
| CFO-specialist boutique (retained) | 20–30% | £44k–£66k | PE-backed, scale-up, Series A–C |
| Engaged / hybrid | 20–28% | £44k–£62k | Mid-market functional finance leadership |
| Contingency (uncommon at CFO level) | 18–25% | £40k–£55k | Below CFO; FC / FD / FP&A roles |
| Fractional / interim retainer | Built into rate | £5k–£14k/mo | Part-time and full-time interim CFO |
When each CFO engagement model is the right answer
Four scenarios. The cost of getting this wrong is either a six-figure retained fee on the wrong type of hire, or a full-time CFO salary on a phase that didn't need one.
Full-time CFO at £1,200–£2,500/day for 6–12 months to lead the round or the sale. Convert to permanent post-close if the fit is right.
A portfolio CFO across 2–3 PE-backed companies at £7k–£15k/month each. Covenant management, MI, prep for sale.
Spencer Stuart, Heidrick, Korn Ferry, Russell Reynolds, Egon Zehnder or Odgers. 3–6 months, £60k–£100k+ fee, 12-month replacement guarantee. The right tool for a permanent appointment.
Top UK CFO headhunters covering 2026
A ranked editorial profile of the leading firms operating in the UK CFO search market. Position numbers reflect order on this page — they are not a quantitative ranking. All facts below come from each firm's own official site (linked at the bottom of each card).
Fractional Quest
- HQ:
- London, United Kingdom
- UK offices:
- London
- Practice areas:
- Fractional CFO · Interim CFO · Outsourced CFO · Finance Director · Financial Controller · FP&A · Scale-up / SME / PE-backed
- Fee model:
- Built into monthly retainer (£5k–£14k/mo) or day rate (£700–£2,500/day)
Best for: Fractional, interim and outsourced CFO placements for SMEs, scale-ups and PE-backed companies
Fractional Quest is the UK platform for fractional, interim and part-time CFO placements. We run a curated network of senior finance leaders rather than a one-off retained search — time-to-start 1–3 weeks rather than 3–6 months, monthly retainer rather than a six-figure search fee. We are explicit about where we are not the right answer: permanent FTSE board CFOs sit with the retained firms listed below.
Spencer Stuart
- HQ:
- Chicago, USA
- UK offices:
- London
- Practice areas:
- Financial Services · Technology · Consumer · Industrial · Healthcare · Private Equity
- Fee model:
- Not publicly disclosed — quoted on brief
Best for: FTSE 100 / S&P 500 permanent CFO and board appointments
Founded 1956. The firm states it has 'more than 60 offices in over 30 countries' and describes itself on its own site as having 'over 70 years' experience in leadership consulting.' Its CFO practice is one of the deepest in the Big Five.
Heidrick & Struggles
- HQ:
- Chicago, USA
- UK offices:
- London
- Practice areas:
- Financial Services · Technology · Private Equity · Healthcare · Consumer · Industrial
- Fee model:
- Not publicly disclosed — quoted on brief
Best for: PE-backed permanent CFO, CEO & board search, on-demand interim talent
Founded 1953 in Chicago. Describes itself on its own site as 'a premier provider of global leadership advisory and on-demand talent solutions.' Lists offices across 29 countries on its locations page. Heidrick's CFO practice is one of the most active in PE portfolio company appointments.
Korn Ferry
- HQ:
- Los Angeles, USA
- UK offices:
- London
- Practice areas:
- Board & CEO Services · Total Rewards · Assessment & Succession · Business Transformation
- Fee model:
- Not publicly disclosed — quoted on brief
Best for: Full-service CFO appointment with leadership consulting wrap
Founded in Los Angeles in 1969 by Lester Korn and Richard Ferry. Describes itself on its own site as 'a global consulting firm that powers performance.' The largest of the Big Five by revenue and the most diversified — executive search is one line alongside organisational consulting, total rewards, and assessment & succession.
Russell Reynolds Associates
- HQ:
- New York, USA
- UK offices:
- London
- Practice areas:
- Financial Services · Private Equity · Technology · Healthcare · Industrial · Consumer
- Fee model:
- Not publicly disclosed — quoted on brief
Best for: Financial-services and regulated-industry permanent CFO
Founded 1969 on Madison Avenue, New York. The firm publishes 47 offices across 25 countries on its own site. States its purpose as 'to improve the way the world is led.' Particularly active in FCA-regulated and listed financial-services CFO appointments.
Egon Zehnder
- HQ:
- Registered Berlin; CEO based Zurich
- UK offices:
- London
- Practice areas:
- Financial Services · Private Capital · Technology & AI · Consumer · Health · Industrial
- Fee model:
- Not publicly disclosed — quoted on brief
Best for: CEO and board succession with an 'all-partner' collaborative model — including CFO-succession briefs
The firm publishes 71 offices in 37 countries on its locations page and describes its 'One Firm' partnership model. Egon Zehnder does not publish a founding year or single HQ city on its own About, Imprint, or Board pages (industry sources cite Zurich, 1964; we cite only what appears on the firm's own pages).
Odgers (Odgers Berndtson)
- HQ:
- London, United Kingdom
- UK offices:
- London
- Practice areas:
- Financial Services · Private Equity & Venture Capital · Technology & IT Services · Healthcare & Life Sciences · Consumer & Retail · Industrial · Public Impact
- Fee model:
- Not publicly disclosed — quoted on brief
Best for: UK plc and FTSE 250 permanent CFO, UK public-sector finance leadership
The UK's largest home-grown executive search firm. The firm describes itself as having 'nearly 60 years' of history (no specific founding year published on its current About page) and operates 'across 33 countries.' Member of AESC (stated on its own site). One of the deepest UK CFO benches outside the Big Five.
Boyden
- HQ:
- Not stated on firm site (partner-led federation)
- UK offices:
- London
- Practice areas:
- Financial Services · Industrial · Healthcare & Life Sciences · Consumer & Retail · Professional Services · Technology
- Fee model:
- Not publicly disclosed — quoted on brief
Best for: Industrial, healthcare and cross-border senior CFO mandates
Founded in 1946 by Sidney Boyden. The firm states 'more than 75 offices in 45+ countries' on its own About page and presents itself as a partner-led global federation without naming a single corporate HQ city. Member of AESC and signatory to its Code of Professional Practice.
FD Capital
- HQ:
- London, United Kingdom
- UK offices:
- London (Great Portland Street)
- Practice areas:
- Fractional FD/CFO · Interim FD/CFO · Full-time FD/CFO · Fintech · SaaS · PE-backed
- Fee model:
- Not publicly disclosed — quoted on brief
Best for: Fractional, part-time and interim FD/CFO for SMEs and PE-backed scale-ups
Founded 2018, based in Great Portland Street, London. A niche recruiter for FDs and CFOs across fractional, interim and full-time engagements with a stated specialism in fintech, SaaS and PE-backed companies. Self-described as 'a team made up of FDs and professional recruiters.' Publishes one of the most-cited UK fractional CFO rate guides (used as the primary source for several FACTS.md rate rows on this page).
Marks Sattin
- HQ:
- London, United Kingdom
- UK offices:
- London, Leeds, Manchester, Birmingham, Reading
- Practice areas:
- Investor-led CFO Executive Search · Senior Finance Recruitment · PE-backed · Family Office
- Fee model:
- Not publicly disclosed — quoted on brief
Best for: PE-backed and investor-led permanent CFO and senior finance search
Specialist finance recruiter with a dedicated CFO executive search practice. The firm describes itself on its own site as 'specialists in CFO recruitment' with 'over 30 years of experience.' Investor-led brand is positioned around PE-backed and growth-stage CFO appointments.
How we structure CFO engagements
Three pre-shaped bundles. We also write bespoke briefs — these are starting shapes, not the full menu.
Fractional CFO (2 d/wk)
- Senior CFO · 2 days per week
- Monthly board pack + 13-week cashflow
- FP&A model + KPI dashboard
- 30-day notice, no employer NI
Interim CFO (full-time)
- Full-time CFO · 5 days per week
- Fundraise / exit / turnaround lead
- 3–12 month engagement
- Convert to permanent if fit confirmed
PE-Portfolio CFO (3 d/wk)
- PE-experienced CFO · 3 days per week
- Covenant management + lender reporting
- PortCo board attendance
- Pre-exit prep playbook
Our CFO placement method
The five-stage Fractional Quest method — brief, map, screen, place, support — adapted for CFO mandates.
A five-stage method for blended teams.
How we take a founder or board's brief and turn it into a delivery system across core, fractional, network, and outsourced functions.
CONFIRM — REAL PROCESS- 01
Diagnose the shape
Stage · pressure · the work nobody is doing.
We run The Team Architect on every brief. Stage, headcount, sector, pressure. The output is the org shape we'd build with you — including the seats to hold for now. We turn briefs down here, gracefully, when the answer is 'not yet'.
- 02
Scope the seats
Core. Fractional. Network. Outsourced.
Each function gets a verdict and an intensity. Engineering core. Finance fractional at 2.5 d/wk. Paid-media on the network. IT helpdesk outsourced. We commit to days, IR35 status, and replacement terms in writing before search starts.
- 03
Source the operators
Network-first. Outbound where it needs to be.
Fractional candidates have portfolios, not job alerts. We run from our own network plus a structured outbound for the senior end. Shortlist in 8–12 days. Honest scoring against the rubric — no padding.
- 04
Embed the engagement
First-week plan. Success criteria. IR35 live.
Calibration calls. Onboarding plan written down. IR35 structure live before day one. We sit in the first cross-functional meeting if it helps. The replacement guarantee runs for 90 days.
- 05
Manage the workforce
Quarterly cadence. Bridge to core when right.
Monthly check-ins for the first quarter, quarterly after. We surface when a fractional should convert to core (Series A → Series B finance is the modal moment) and we own the bridge. Replacement, conversion, off-ramp — it's all the same firm.
The true cost of a full-time permanent CFO
Public salary data + retained-search fee maths. Both anchored to FACTS.md.
The true cost of a full-time permanent CFO
Public UK CFO salary data places permanent CFO base salaries at £150,000–£300,000+, loaded to approximately £225,000–£250,000 all-in once employer NI, pension contributions and benefits (typically 25–40% on top of base) are added [FACTS row 16, source: ScaleWithCFO 2026].
On top of that loaded cost, retained search or specialist CFO recruitment fees run 20–35% of the placed candidate's first-year compensation [FACTS rows 17 + 93]. On a £220,000 CFO salary, that adds £44,000–£77,000 before the executive starts. Replacement guarantees cover a re-search if the executive leaves within 6–12 months — they do not refund the fee.
The fractional comparison
A fractional CFO retainer of £5,000–£14,000 per month (FACTS row 18) sits at £60,000–£168,000 annualised — with no employer NI, no pension contribution, no recruitment fee, no notice period beyond 30 days. The decision is not 'fractional cheaper than full-time' in every case — at scale and complexity beyond £50m revenue a full-time CFO is usually the right answer. The decision is fitting the engagement model to the phase the company is actually in.
Finance-leadership roles we place
The CFO is one tier of a UK finance team. Day-rate bands trace to FACTS.md row 81 (FC / FD / CFO hierarchy) and the per-role pages.
Not sure which CFO model fits the brief?
Two minutes with our Team Architect maps your phase, revenue and constraint set to a recommended CFO engagement model — fractional, interim, or retained-search-and-here's-why.
Frequently asked questions
Common questions about CFO headhunters, recruitment fees, and the fractional / interim / permanent decision.
Related resources
Internal pages and external sources cited above.
Read more
More of the same shape — internal.