Part time finance director
The roles undertaken vary from project work to regular attendance on a weekly or
monthly basis depending on the client's requirement. Typically, this involves working with the MD and existing finance
team in order to drive change and improvements through the business. This generally includes the introduction of an improved
reporting system across the business to aid decision making.
Examples of contracts undertaken:-
Client
1 - Mobility products
(2 days per week)
Achievements
- Restructured finance team
- Introduction of robust
financial controls across the business Weekly cash flow reporting
- Business
reporting and Key Performance Indicators
- Orchestrated change
of banking and credit card facilities releasing £400k of funds
- Grant income generated to the value of £50k
- Reduction
in overheads of £250k per annum
- Assisted finance software
transition from Sage to Exchequer.
- Preparation of annual
group budgets
Client 2 - Aluminium foil
manufacturer.
(2 days per week)
Achievements
- Accurate and timely management accounts
- Weekly cash
flow / business reporting
- R&D tax rebates
- Grant income generated to the value of £40k
- Analysis of stock system to reduce holding costs and improve stock turnover
- Managed software transition from Sage 50 to Sage 200.
- Restructured
group due to exiting shareholder with preparation of business plan and financials and raised finance of £3.5m
Client 3 - Stone flooring retail/wholesale
(2 days per week for first year, reducing to 1 day per week)
Achievements
- Detailed review of all systems and processes throughout the business resulting in efficiency improvements and customer
service improvements
- Decreased debtors days ratio and increased
creditor and stock days resulting in enhanced cash flow and reduced pressure on external finance
- Introduction of weekly and monthly Key Performance Indicators
- Reduction in overheads of £150k per annum
- Development
of CRM system
- Analysis of stock to reduce holding costs, review
of fast/slow moving lines, review of margins across all lines. Resulting in lower quantities of stock held and thus lower
costs, improved gross profit margins.
- Tax planning - restructure
of benefits in kind, capital allowance planning.
Client 4 - Supply and construction of temporary stages
(Average 2-3 days per month)
Achievements
- Installed discipline and controls within the finance department
- Accurate and timely management accounts
- Weekly cash flow / business reporting
- Budgetary process
introduced including annual budgets
- Job costing system developed
and refined in order to accurately analyse profit on each contract
- Raised bank finance of £750k to support Olympic contracts.
Client 5 - Education and Training in the health and fitness sector
Achievements
- Preparation of detailed
budgets in preparation for the sale of the business
- Prepared
the business for a due diligence exercise in relation to the sale
- Raise
finance to complete share buyback of £1m.
