Harrowgate Q3 FY27 Board Meeting

Board meeting deck that ends on decisions, not updates

Harrowgate Software’s Q3 board deck is twelve slides for a two hour meeting, sent as a pre-read five days before. Nine slides report and three ask, because a board that only receives updates has nothing to do, and a board that is not asked to decide anything will decide something anyway.

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HARROWGATE SOFTWARE

Q3 FY27

Board Meeting

PRE-READ, VERSION 2

Twelve slides for a two hour meeting on 14 October 2026, sent five days ahead.

BOARD PACK

PREPARED BY THE CEO

14 OCTOBER 2026

Slide 1 · cover · A formal typographic cover that reads like a filing: meeting, date and pre-read version.

Agenda

Two hours, five blocks, decisions at the end.

10:00

Consent Items

Minutes, option grants and the audit engagement letter, taken as read.

10:10

CEO Summary

The quarter in five bullets and the three decisions previewed.

10:30

Financials

Scorecard, the ARR bridge and the P&L against plan.

11:00

Deep Dive

The enterprise segment: four wins, two losses and the pricing question.

11:40

Decisions

Enterprise pricing, the office lease and the option pool.

02

Slide 2 · agenda · A timed agenda: two hours, five blocks, decisions last so the reporting cannot swallow them.

CEO summary

ARR $22.1M, up 9% on the quarter and 2% ahead of plan

Burn on plan. Cash of $14.2M holds 21 months at the current rate

Two enterprise losses on security review. SOC 2 renewal is critical path

Hiring six behind plan, concentrated in enterprise sales

Three decisions today: pricing, lease renewal and the option pool

03

Slide 3 · takeaway · The CEO summary in five bullets, bad news included, so the meeting starts honest.

SCORECARD

Plan against actual

Metric
Plan
Actual
Variance
ARR
$21.6M
$22.1M
+2%
Net new ARR
$1.9M
$1.8M
-5%
Gross margin
78%
79%
+1 pt
Net revenue retention
112%
115%
+3 pts
Headcount
84
78
-6
Cash
$14.0M
$14.2M
+$0.2M
Plan is the board approved FY27 budget, not the latest forecast.

04

Slide 4 · metrics · The scorecard with plan, actual and variance, so every later number has a reference.

ARR bridge

Opening $20.3M to closing $22.1M: new, expansion, churn and contraction.

Opening ARR
New
Expansion
Churn
Contraction
Closing ARR
0$M15$M30$M45$M60$M

05

Slide 5 · metrics · The ARR bridge reconciling opening to closing, so growth is auditable, not asserted.

P&L, $M

Quarter against plan

Line
Actual
Plan
Variance
Revenue
$5.4M
$5.5M
-$0.1M
Cost of revenue
$1.20M
$1.15M
+$0.05M
Operating expenses
$6.1M
$6.0M
+$0.1M
EBITDA
-$1.90M
-$1.65M
-$0.25M
Net cash burn
$1.7M
$1.6M
+$0.1M
Unaudited management accounts for the quarter.

06

Slide 6 · metrics · The P&L against plan in five lines, in millions, with the burn line last.

SECTION 04 OF 05

04

Deep Dive: Enterprise

Forty minutes on the segment that decides the year.

01

Consent

02

Summary

03

Financials

04

Deep Dive

05

Decisions

07

Slide 7 · divider · A chaptered divider into the deep dive, with the whole agenda visible as a progress bar.

Enterprise, won and lost

Four wins worth $640k, two losses worth $510k, each with the reason.

Deal
Outcome
Reason
Meridian Group, $220k
Won
Integration depth beat incumbent
Caldwell Logistics, $180k
Won
Reference from existing customer
Northgate Retail, $150k
Won
Three year term pricing
Halden Industrial, $90k
Won
Fastest security pass to date
Verex Mining, $310k
Lost
Security review stalled on SOC 2
Coastline Health, $200k
Lost
Price, went to low cost rival
Every enterprise deal that closed or was lost in the quarter, none omitted.

08

Slide 8 · comparison · Every enterprise decision this quarter with its reason, losses beside wins.

Risk register

Six risks placed by likelihood and impact. Two need action this quarter.

Low
Likelihood
High
High
Impact
Low
Monitor
  • Key person risk, CTO
  • FX on UK revenue
Mitigate Immediately
  • SOC 2 renewal slips past November
  • Enterprise pricing change lands badly
Accept
  • Office fit-out overrun
Prepare
  • Hiring stays six behind plan

09

Slide 9 · framework · Six risks placed on likelihood and impact, each with a named response.

HIRING PLAN

01

Four open engineering roles: two senior platform engineers, a security engineer to carry the SOC 2 work, and a data engineer. All four budgeted for November starts.

Platform x2

Security

Data

02

Enterprise sales is where the plan slipped: six roles open, three offers out. The pricing decision today changes the comp plan, so the remaining three offers wait on it.

AE x4

SE x2

From Dec

03

Customer success adds two enterprise CSMs ahead of the January renewals wave. Both roles are at final interview, with January starts confirmed if approved this week.

CSM x2

Enterprise

From Jan

04

Finance and operations add a financial controller so the CFO can carry the Series C process next year. Search opens after this meeting; start targeted for February.

Controller

Payroll

From Feb

10

Slide 10 · tree · The hiring plan by function, with open roles and start dates as chips.

Three decisions

Each card carries the resolution wording that goes to the minutes.

Enterprise pricing

Resolved: enterprise list pricing rises 12% for new contracts from 1 December 2026. Existing customers hold price until their renewal.

Office lease

Resolved: renew the Fenchurch Street lease for three years at the negotiated rate, with a tenant break clause at 18 months.

Option pool

Resolved: expand the option pool by 2% to fund the enterprise hiring plan set out in this pack.

11

Slide 11 · checklist · Three decision cards carrying the exact resolution wording that will be minuted.

Before we close

The housekeeping that keeps the next meeting short.

Next meeting

20 January 2027

Pre-read due

13 January 2027

Secretary

board@harrowgate.example

To be minuted

Three resolutions

12

Slide 12 · closing · The housekeeping grid: next meeting, pre-read deadline, secretary and the resolutions count.

The structure

What each slide is doing, so you can reuse the order even with different content.

Slide 1cover
A formal typographic cover that reads like a filing: meeting, date and pre-read version.
Slide 2agenda
A timed agenda: two hours, five blocks, decisions last so the reporting cannot swallow them.
Slide 3takeaway
The CEO summary in five bullets, bad news included, so the meeting starts honest.
Slide 4metrics
The scorecard with plan, actual and variance, so every later number has a reference.
Slide 5metrics
The ARR bridge reconciling opening to closing, so growth is auditable, not asserted.
Slide 6metrics
The P&L against plan in five lines, in millions, with the burn line last.
Slide 7divider
A chaptered divider into the deep dive, with the whole agenda visible as a progress bar.
Slide 8comparison
Every enterprise decision this quarter with its reason, losses beside wins.
Slide 9framework
Six risks placed on likelihood and impact, each with a named response.
Slide 10tree
The hiring plan by function, with open roles and start dates as chips.
Slide 11checklist
Three decision cards carrying the exact resolution wording that will be minuted.
Slide 12closing
The housekeeping grid: next meeting, pre-read deadline, secretary and the resolutions count.

How to adapt this deck

A nonprofit board swaps the ARR bridge for funds raised against budget and the option pool decision for a program approval, and the consent block grows because compliance items multiply. A pre-seed board of two investors can run the same order in six slides: summary, scorecard, cash, one dive, risks, decisions. The real adaptation decision is what moves to the pre-read: anything the board should absorb but not discuss, historical detail, full financial statements, letters, belongs behind the deck, and the deck keeps only what the meeting must touch. Whatever moves to the pre-read, keep the decision cards last and keep them worded as resolutions, because a board deck that ends on a discussion slide gives the secretary nothing to write down and the meeting nothing to close on.

What makes this deck work

Every number gets a reference column

The scorecard on slide four carries plan, actual and variance for six metrics, so ARR at $22.1M reads as plus 2% and the headcount miss reads as minus 6. Once the board has seen the reference frame, the ARR bridge and the P&L slides that follow inherit it, and debate happens on variances rather than levels.

The ARR bridge reconciles the quarter

Opening ARR of $20.3M walks through $1.4M new, $0.9M expansion, $0.4M churn and $0.1M contraction to close at $22.1M. A bridge that ties to both the scorecard and the P&L makes the financial section auditable in the room, which is what board members are legally there to do.

The decisions carry minute-ready wording

Slide eleven is three cards, each starting with the word Resolved: a 12% enterprise price rise from a named date, a three year lease with an 18 month break, and a 2% option pool expansion. Wording that can be lifted straight into the minutes is the difference between asking for a decision and getting one.

Questions people ask

What goes in a board deck?

A consent block, a short CEO summary, financials against plan, one deep dive, risks, people, and the decisions. This example does it in twelve slides with a timed agenda holding 40 minutes for the deep dive and 20 for decisions. Everything else the board might want lives in the pre-read appendix.

How long should a board deck be?

Ten to fifteen slides presented, with depth pushed to the pre-read. This deck is twelve for a two hour meeting. The consent agenda takes routine approvals in one timed block, which is what keeps a two hour meeting from spending forty minutes on minutes.

Should the deck be a pre-read or presented live?

Both, from one file. Harrowgate sends this deck five days ahead marked as version 2, then presents the same slides. The CEO summary exists so a director who read nothing can still follow, and the decision cards exist so a director who read everything can move straight to the vote.

What should the CEO summary say?

Five bullets, at least one of them uncomfortable. This example leads with ARR ahead of plan, then states two enterprise losses on security review and a six person hiring shortfall before naming the three decisions. A summary that hides the misses guarantees the board finds them at slide six instead.

How do I present bad news to a board?

Early, quantified and attached to an action. The two lost deals appear in the CEO summary, again in the won and lost table with reasons, and the SOC 2 renewal that caused them sits in the mitigate quadrant of the risk matrix with the fix funded in the hiring plan. Bad news travelling with its remedy reads as control.

How do I share a board deck safely?

The share link is read only and always serves the latest saved version, which suits a pre-read that gets corrections. One caution verified in the product: anyone with a share link can open the speaker notes with the N key, so keep commentary out of the notes on a board deck and put it in the pack itself.

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Sources

Written and checked by the OneCraft team. Last checked .