Risk management that creates value, not just controls it.
What we do - Risk Management
Financial risk is unavoidable. How you manage it is a choice. We help organisations move from reactive hedging to proactive and strategic risk management - protecting what matters whilst capturing the return that well-structured execution makes possible.
FX Risk Management
Problem: Most FX programmes rely on standard bank-provided forwards, managed reactively. The result is adequate coverage and no upside. Worse, passive management means exposures compound quietly until a rate move forces a rethink.
What we do: End-to-end enhanced FX risk management. We review your current policy, exposures, bank set-up and hedge structures. We then help design and execute a smarter programme, using all products including optionality and well-planned execution to improve your all-in portfolio rate without exceeding your risk appetite.
How we work: We begin with an FX health check - a rapid assessment of your current position, key areas for improvement, and potential value at stake. From there we work alongside your treasury team or directly with the CFO and board.
Outcomes:
- Stronger governance and best-practice alignment
- Improved financial stability: risk strategies aligned to business
- Hidden value captured: FX no longer treated as sunk cost
- Increased flexibility to manage holistic risks
Interest Rate & Inflation Risk
Problem: Rising or volatile rates affect debt costs, capital allocation decisions, and long-term financial planning. Many organisations lack the in-house capability to assess their rate exposure holistically or to execute structured solutions confidently.
What we do: A holistic review of your business and interest rate / inflation exposures. We identify where you are vulnerable, or have risks or opportunities, and design an execution plan, whether one-off or ongoing, that secures rates and enables business strategy.
How we work: Embedded alongside your finance leadership. We act as a second pair of eyes on your banking relationships and structure, independent of any lender.
Outcomes:
- Rates locked in to support capital planning and M&A decisions
- Optionality structures that create value in customised scenarios
- Peace of mind for boards and audit committees
- Enhanced risk management approach accross the full interest rate book
Capital structure that works as hard as your business does.
What we do - Corporate Finance
Corporate finance is not just about raising money. It is about building a capital structure that supports strategy, reduces cost, and creates room to grow. We combine working capital innovation with capital markets expertise to design and execute solutions that most advisers would not consider utilising extensive experience working within the corporate environment.
Working Capital
Problem: Businesses often carry more working capital than they need - tied up in receivables, inventory, or payment cycles. Releasing that capital does not always require more debt.
What we do: We design targeted solutions to reduce capital requirements and improve working capital efficiency. This could include securitisation and global receivables facilities, supply chain finance, DLC and inventory solutions, or bespoke structures.
How we work: We engage investors and counterparties with a long-term view, not just for the immediate transaction.
Outcomes:
- Reduced capital raising requirements
- Improved liquidity and working capital metrics
- Access to lower-cost funding through asset-backed structures
- Improved liquidity and working capital metrics
- Access to lower-cost funding through asset-backed structures
- Greater flexibility in capital allocation
Capital Raising
Problem: Accessing the right capital, at the right price, from the right provider, with the right structure, is harder than it looks. Standard bank lending is not always the right answer.
What we do: We optimise and combine working capital and contingent capital solutions. This includes debt and capital markets, RCF and term loans, and alternative solutions - all tailored to the organisation's specific strategic goals.
How we work: We approach capital structure progressively, engaging investors not just for the immediate transaction but for the long-term relationship. Independent of any single lender or bank.
Outcomes:
- Optimised capital structure
- Access to a broader range of lenders and investors
- Better pricing and terms through competitive tension and independent positioning
- Solutions aligned to long-term business strategy
Senior treasury expertise.
Without the permanent headcount.
What we do -
Treasury Resource Solutions
Not every organisation needs a full-time treasury director. But every organisation managing meaningful financial risk, a complex funding structure, or a period of growth or transition needs senior treasury expertise at some point. We provide it - embedded, proportionate, and commercially focused.
Fractional Treasury Resource
Problem: Mid-market and growing businesses frequently find themselves in a gap: too complex for their finance team to manage treasury alone, not yet large enough to justify a full-time treasurer. The result is that treasury decisions get made by people who are stretched, or deferred until they cannot be. Neither is acceptable when financial risk is material.
What we do: We act as an embedded fractional treasury resource - working directly alongside the CFO, finance team, and board on an agreed and flexible basis. This is not periodic advisory. We take ownership of the treasury function for the period of our engagement: managing bank relationships, overseeing hedging activity, reviewing policy and governance, and providing a senior voice in financial decision-making.
How we work: We agree a scope and time commitment at the outset, structured around your business cycle. We can work on-site where useful and remotely where not. The engagement is reviewed regularly and scales or reduces as your needs change.
Outcomes:
- Treasury function running to best-practice standards without a permanent hire
- CFO freed from day-to-day treasury management to focus on strategy
- Board and audit committee confidence in treasury oversight and governance
- Continuity and control maintained through growth, transition, or leadership change
CFO Sounding Board
Problem: CFOs and finance directors face decisions where the right answer is not obvious - and where the usual sources of input have conflicts. Banks have products to recommend. Advisers have fees to earn. Internal teams have limited market experience. The result is that senior finance leaders often make significant calls without an independent, informed, second opinion.
What we do: We provide an ongoing independent sounding board for CFOs, finance directors, and boards. This covers financial risk decisions, hedging strategy, capital structure questions, bank relationship management, and broader treasury governance. We are available when it matters - not just at quarterly review points.
How we work: This is a relationship, not a retainer with deliverables. We work at the pace and depth your situation requires. Some clients engage us intensively around specific decisions; others use us as a standing resource throughout the year. We are direct, objective, and frank - including when that means challenging the existing approach.
Outcomes:
- Rates locked in to support capital planning and M&A decisions
- Optionality structures that create value in customised scenarios
- Peace of mind for boards and audit committees
- Enhanced risk management approach across the full interest rate book
Treasury Review &
Transitional Support
Problem: Organisations going through a period of significant change - acquisition, refinancing, rapid growth, leadership transition, or new banking relationships - often find that their existing treasury function, processes, and governance are not built for what comes next. The gap between where you are and where you need to be is rarely obvious from the inside.
What we do: We conduct a structured review of the treasury function - covering policy, governance, systems, bank relationships, risk management practices, and team capability. We then work alongside the finance leadership to close the gaps: designing the target operating model, improving processes and controls, and supporting the transition to a more resilient and scalable treasury function.
How we work: We begin with a structured diagnostic - typically completed over four to six weeks. We then agree a phased programme of work. We implement alongside your team, not in a separate workstream that sits apart from day-to-day operations.
Outcomes:
- A clear picture of current treasury risks and capability gaps
- A practical, prioritised improvement plan - not a theoretical framework
- Improved governance and board-level reporting
- A treasury function that is fit for the next phase of the business
Ready to Take Your Business to the Next Level?
Contact Us Today
If you are looking for expert advice in corporate finance and risk management, Dukes & King is here to help. Our team of professionals is ready to assist you in achieving your financial goals. Contact us today to schedule a consultation.