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How Boardman Transformed Engineering Culture to Achieve IPO Readiness

Our client is a forward-thinking technology firm preparing for a critical phase of technical due diligence and an eventual IPO.

Despite having a team of highly skilled senior software engineers, the absence of experienced technical leadership and structured management was holding back the organization’s potential.

Discover how our strategic overhaul of leadership, agile practices, and data-driven processes rebuilt stakeholder trust—boosting due diligence scores by 90% and unlocking £665k in incremental value—to position the firm for IPO success.

Client Details:

Industry:

Media

Region:

UK

Employees:

500+

"With Boardman’s strategic guidance, we not only addressed our leadership gaps but also unlocked £665k in incremental value, rebuilding stakeholder trust for a successful IPO journey."

CEO, Media

The Challenge

  • Lack of Technical Leadership:
    Senior software engineers possessed deep technical expertise but lacked management experience, resulting in a significant leadership vacuum.
  • IPO & Due Diligence Concerns:
    There was mounting apprehension about meeting rigorous technical due diligence standards and ensuring the organization was ready for an IPO.
  • Low Confidence in the Tech Team:
    Internal and external stakeholders were increasingly skeptical about the team’s ability to scale and deliver reliably.
  • Scaling Challenges:
    The recruitment process struggled to attract software engineers who were a good cultural fit, limiting growth potential.
  • Limited Visibility into Delivery:
    Without clear processes or performance metrics, tracking team output and delivery was challenging.
  • No A/B Testing Framework:
    The absence of systematic A/B testing hindered the ability to validate changes and demonstrate the value of new features.

The Solution

To tackle these multifaceted challenges, we implemented a holistic transformation plan:

  1. Interim Technical Leadership & Mentorship:
    • Leadership Injection: Appointed interim technical leaders to fill the gap and provide strategic direction.
    • Mentorship Programs: Delivered tailored management training to senior engineers, equipping them with the leadership skills required to drive change.
  2. IPO & Due Diligence Readiness:
    • Framework Development: Created a comprehensive framework to address technical due diligence requirements.
    • Process Overhaul: Reviewed and overhauled documentation, processes, and compliance standards to ensure the organization was IPO-ready.
  3. Enhanced Visibility & Performance Metrics:
    • Dashboard Implementation: Introduced KPI dashboards and real-time reporting tools to offer clear visibility into team output and project delivery.
    • Performance Management: Established robust performance management systems to track progress and enforce accountability.
  4. A/B Testing & Data-Driven Decision Making:
    • Testing Framework: Instituted a structured A/B testing framework integrated into the product lifecycle, enabling data-backed decisions and continuous improvement.
  5. Scaling with a Culture-First Recruitment Strategy:
    • Recruitment Redesign: Redesigned recruitment processes to target and onboard software engineers with a strong cultural fit.
    • Retention Initiatives: Launched initiatives aimed at improving team morale and reducing turnover.
  6. Standardized Ways of Working & Process Documentation:
    • Agile Best Practices: Instituted best practices for agile methodologies and standardized ways of working across the organization.
    • Comprehensive Documentation: Developed thorough documentation processes to capture institutional knowledge and streamline workflows.

The Impact

Key milestones include:

Improved Leadership Confidence:

  • Interim leadership and management training boosted stakeholder confidence in the tech team by over 50%.

Financial & Operational Highlights:

  • Incremental Value: Added £665k from the first major A/B Test, achieving a 35.61% uplift in major KPI.
  • Cost Savings: Total savings of £73,694 were realized.

IPO & Due Diligence Readiness:

  • Enhanced documentation and process compliance resulted in a 90% improvement in technical due diligence audit scores.

Increased Team Velocity & Output Visibility:

  • Agile practices and performance dashboards drove a 60% improvement in delivery predictability and overall team output.

Other Key Benefits

  • Prioritized Work & Backlog Grooming:
    Focused on commercially valuable work and stakeholder-requested features, including the development of key fixtures and results features.
  • Enhanced Project Oversight:
    Instituted a Critical Projects Review process and RAG reporting for transparent project management.
  • Leadership Expansion:
    Successfully recruited a new CTO, Head of UX, and five additional software engineers to further strengthen the team.

Our Approach

This case study exemplifies how a strategic focus on leadership development, process standardization, and data-driven decision making can transform an engineering organization.

By addressing core issues—from leadership gaps and process inefficiencies to the absence of A/B testing and cultural misalignment—we enabled our client to overcome internal challenges, enhance operational visibility, and solidify their readiness for technical due diligence and IPO success.

The significant financial savings, operational improvements, and enhanced stakeholder confidence underscore the transformative impact of our holistic approach.

"I would like to thank you for steadying the ship during a period of flux and of course for your hard work.

You inherited a challenging position however you leave us with the ship now facing in the right direction.

A robust recruitment process has resulted in several significant hires joining us too and this is particularly exciting for the business.

I am confident we can build on your good work and produce a tech team and supporting infrastructure that is the envy of our competitors."

Non-Executive Director, Media

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