Finance is often one of the first areas where businesses strengthen their leadership. Investors expect robust forecasting, disciplined financial controls and clear reporting. A Finance Director who has supported a growing private company may be exceptionally capable, although the experience required to engage with institutional investors, nominated advisers and public market stakeholders is often different. Many businesses therefore choose to recruit an experienced Chief Financial Officer before beginning the admission process rather than during it.

Governance also becomes more prominent. Independent Non Executive Directors bring external perspective, strengthen challenge within the boardroom and demonstrate a commitment to good governance. Company Secretaries, General Counsel and experienced Chairs frequently play an increasingly important role as businesses prepare for external investment or greater public scrutiny.

Operational leadership should not be overlooked. Growth following an AIM listing or PISCES admission can place considerable pressure on existing teams. New investment often accelerates recruitment, product development and commercial expansion. Businesses that invest in experienced operational leaders before this growth arrives are often better positioned to execute their plans successfully.

One of the common misconceptions is that these appointments can wait until after admission. In practice, investors often gain greater confidence when they see experienced leadership already in place. The quality of management influences perceptions of execution risk, governance and long-term strategy.

Recruiting key executives early also allows time for them to understand the business, contribute to planning and build credibility with advisers and investors before major milestones are reached.

This is particularly relevant as the PISCES market develops. Businesses considering this route are often navigating new territory, balancing the opportunities created by increased liquidity with the expectations that accompany greater external scrutiny. Leadership capability will remain a significant factor in how these businesses are assessed by investors and stakeholders.

Recruiting senior leaders during periods of growth is rarely straightforward. The strongest candidates are often established executives with experience of guiding businesses through similar transitions. They are unlikely to respond to traditional recruitment campaigns and frequently require a confidential, carefully managed approach. Identifying these individuals demands market knowledge, extensive networks and an understanding of what both businesses and candidates are looking to achieve.

At Fram Professionals, we work with founder-led, VC-backed, AIM listed and PISCES businesses across the UK as they prepare for periods of significant growth and change. Whether recruiting a Chief Financial Officer, Chief Operating Officer, independent Non Executive Director or another senior executive, our focus is on helping clients build leadership teams capable of supporting the next stage of their journey.

Preparing for AIM or PISCES is about much more than satisfying regulatory requirements. It is about building an organisation that gives investors confidence, supports sustainable growth and is equipped to meet the demands of a more mature business. The companies that prepare earliest often place themselves in the strongest position to succeed.

Successful businesses recognise that hiring well is not simply about experience, but alignment, timing and intent.

Contact Fram Professionals if we can ever assist you with insights on the issues raised.

This article is for general information only and does not constitute financial, legal, or investment advice. Fram Professionals provides leadership and organisational advisory services and does not offer regulated financial advice.