SlideShare a Scribd company logo
GORDON C DRUMMOND FCMA, CGMA - CURRICULUM VITAE
Address Contact Details
5 Harper Fold Road Tel - Home : 0161 917 7504
Radcliffe, - Mobile : 07500878615
Manchester
M26 3RU E-Mail - gcd169@googlemail.com
EDUCATION
8 O Levels, HND in Business Studies
QUALIFICATIONS
CIMA FELLOW ( 2004 ) : FCMA and Chartered Global Management Accountant :
CGMA
WORK EXPERIENCE
Enviropax Ltd ( May 2013 to present )
Company is a Thermoformer who manufacturer plastic trays for the Food Industry.
• Initially employed as FC, promoted to FD in 2014.
• Active board member reviewing Financial and Business strategy review and
formulation.
• Produced detailed Cash flow model which provided a rolling daily cash flow model
which was driven by Sales and cash receipts.
• Production of Profit forecast using model that I developed which was transferred to
WINFORECAST which was used to create a 5 year rolling forecast.
• Production of monthly financial reports, Stat Accounts and annual budgets and
liaising with all external stakeholders.
• Working Capital management.
• Created a new monthly reporting pack which included several key Production stats
that comprised the company’s principle KPI’s that highlighted performance and
efficiency issues.
• Financial Model Building.
• Developed a break-even model which identified both the Profit and at Cash Break-
even levels of Sales.
• Adopted a Zero base budgeting approach to Budgeting.
• Ownership of all B/Sheet reconciliations.
• PAYE, VAT, R & D claim formulation.
• Excellent knowledge of Sage L50.
• Negotiating with external creditors including HMRC.
Intec Group (comprising 2 independent companies) ( Mar 2001 to May 2013 )
Mister Blister - Manufactures packaging blisters for a variety of industries.
DeValle Lifestyle - Markets a branded range of aromatherapy and health care products.
Financial Director reporting to Chairman
I was initially employed as FC for the group. My initial terms of reference included reviewing
and introducing, where necessary, internal controls for all companies. To review the b/sht, in
particular levels of working capital with a view to significantly reducing current levels by
adopting an aggressive approach to w.c. management. To produce accurate monthly management
accounts timeously once the processing of all financial data had been brought up to date.
Latterly my focus has been transferred to matters of operational gearing by reviewing the GP of
each product /product group in order to maximise the contribution achieved.
• Negotiating funding from financial institutions, including re-financing of the Group.
• Reviewing Business and Financial strategy with the board of directors including the
identification of the group’s strategic options and evaluation thereof..
• Responsible for regularly reviewing working capital requirements and ensuring they were
minimised.
• Negotiating external funding for the purchase of assets for the group and appraising taking
into consideration payback period and the effect on the group’s WACC and for larger
amounts I conduct project appraisals..
• Ensuring that the most appropriate hedging method is used for currency payments including
forward exchange contracts , buying $ fwd as well as matching receipts and payments by
means of currency accounts.
• Producing “ Flash “ profit forecasts within 2 days of the month-end.
• Producing a monthly management accounts pack for each group company and for the group
as a whole which includes P & L, B Sht, Funds flow, 12 mth rolling forecast and Debtors
review.
• Producing regular profit and cash forecasts for all companies budget revisions where
necessary.
• Incorporating a sensitivity worksheet in all forecast models permitting the effects of various
changes to key variables to be identified, including scenario building.
• Producing statutory accounts for all companies including lead schedules and a detailed audit
file.
• Liaising with external auditors both during and after the completion of the audit.
• I also have to wear my “commercial “ hat, wherein I am responsible for negotiating the
group’s insurance requirements, utilities, security and alarm systems to name the main four.
• At the year-end determining the most tax efficient utilisation of cross group charges, and
preparing the resultant corporation tax computation.
• Production of annual balance sheet based budget thereby identifying KPI’s for the company.
• Regular review of all Internal controls.
INTEC Group cont’d
Achievements
• I together with my team, succeeded in considerably reducing the level of both fixed and
fluctuating working capital and thereby the level of overdraft requirement. This was
achieved by introducing a credit control policy which reduced debtor days from 83 to
currently 49, reducing stock levels to almost that of just-in-time and by increasing the
supplier base which effected a reduction in input costs.
• We also assisted in increasing the profitability by controlling operational gearing and
reducing the level of overheads.
• Together with the chairman successfully completed a refinancing package with a major
lender thereby providing additional available working capital needed for growth and
investment.
Strines Textiles / Walsden Printing Co. ( Jun 1999 – Mar 2001 )
Both companies were an integral part of the textile division of Leeds Group Plc, which produced
bulk rolls of cloth to a variety of customers worldwide.
Financial Controller / Co Management Accountant reporting to MD
This was a temp position as the incumbent was on long term sick leave. My initial tasks were to
computerise the accounts function onto a new computer system (Navision), producing a
procedures manual and to train all relevant staff.
I developed an internal accounts pack, after consultation with my colleagues in order to
determine their information requirements. This pack supplemented the pack produced for Head
Office and incl production statistics, departmental throughput, sales analysis etc..
In Jan 2000 I was transferred to Walsden Printing , a sister company, as Financial Controller, in
the interim until the Group’s restructuring plans were completed.
• Production of weekly and monthly “flash” forecasts and reconciling same to actual
results.
• Production of monthly management accounts pack together with Profit/C Flow forecasts.
• Preparing accruals and prepayment schedules and posting to nominal ledger
• Maintaining fixed asset register on a spreadsheet which I used to calculate the monthly
depreciation charge
• Production of statutory accounts incl corporation tax and deferred tax calculations.
• Preparing quarterly VAT returns as well as EEC sales lists and intrastaat returns.
• Producing control account and other B/Sheet reconciliations monthly.
• Regular review of internal control procedures ensuring integrity of data within all ledgers.
FATTY ARBUCKLES Group Ltd ( Jun 1997 to Jun 1999 )
The company operated a chain of American style diner restaurants throughout the UK, including
a mix of owned and franchised restaurants.
Financial Controller reporting to Finance Director
The group included 9 companies, one of which consisted of c 30 profit centres and I was
responsible for the production of the monthly consolidated Group Management accounts.
• Reviewing monthly accounts against both budget and forecast, monitoring the % GP,
labour costs.
• Producing a detailed rolling forecast each month model which permitted the addition of
new restaurants and indeed the closure of existing ones in order to illustrate the effects of
same.
• Monitoring working capital levels monthly to ensure that the bank’s covenants were not
broken.
• Calculation of corporation tax liability and deferred tax form inclusion in the statutory
accounts..
• Assisting in the preparation of the annual budget for all companies and the resultant group
consolidation.
• Assisting in due diligence process prior to management buy out / in.
Edgeley Textiles / James North Hardie / Orchard Fabrics Ltd ( Apr 1994 to Jul 1997 )
Originally a part of Whitecroft group Plc, they were textile companies which provided cut-length
and full rolls of cloth for their customers.
Financial Controller/Financial Director reporting to MD
• Preparation and production of monthly management accounts for all 3 companies in the
textile division, interpreting and advising directors of the implications of same.
• Liaising with factors and ensuring that all factored debt and statements of indebtedness
with the factor reconciled to the company’s balance sheet.
.

Recommended for you

Robert W. Baird 2016 Global Industrial Conference Presentation
Robert W. Baird 2016 Global Industrial Conference PresentationRobert W. Baird 2016 Global Industrial Conference Presentation
Robert W. Baird 2016 Global Industrial Conference Presentation

The Manitowoc Company presented at a conference on transforming the company. The company is focused on margin expansion, growth, innovation, and velocity through strategic initiatives like optimizing global capacity, increasing manufacturing agility, and implementing advanced manufacturing technologies. The company has executed on its transformation plan through actions like headcount reductions, plant rationalizations, and material cost reduction. Future opportunities for growth include customer engagement, innovation, external growth, and people development.

samkresume
samkresumesamkresume
samkresume

Samuel Kupperstein is a CPA seeking a new position. He has over 30 years of experience as a Controller and CFO for various companies ranging in size from $25 million to $50 million in annual sales. His experience includes managing accounting departments, financial reporting, budgeting, internal controls, tax compliance, and systems implementation. He is proficient in accounting software and financial analysis.

Dg annual report_2021
Dg annual report_2021Dg annual report_2021
Dg annual report_2021

The annual report provides an overview of DG Khan Cement Company Limited's organizational structure, business model, financial performance, and outlook. It includes details on the company's vision, products, facilities, governance practices, risks, and sustainability initiatives. The report also contains the financial statements, notes, and auditor's report for the fiscal year.

More Related Content

What's hot

Manitowoc q2-2016-call final
Manitowoc q2-2016-call finalManitowoc q2-2016-call final
Manitowoc q2-2016-call final
ManitowocCompany
 
Td securities-forest-products-forum
Td securities-forest-products-forumTd securities-forest-products-forum
Td securities-forest-products-forum
greif2015
 
Mos Enticer Cv Feb12
Mos Enticer Cv Feb12Mos Enticer Cv Feb12
Mos Enticer Cv Feb12
mossomji
 
Robert W. Baird 2016 Global Industrial Conference Presentation
Robert W. Baird 2016 Global Industrial Conference PresentationRobert W. Baird 2016 Global Industrial Conference Presentation
Robert W. Baird 2016 Global Industrial Conference Presentation
ManitowocCompany
 
samkresume
samkresumesamkresume
samkresume
Samuel Kupperstein
 
Dg annual report_2021
Dg annual report_2021Dg annual report_2021
Dg annual report_2021
ssuserc8163a
 
Jpm mtw presentation feb 28 2017_vff(2) (005)
Jpm mtw presentation feb 28 2017_vff(2) (005)Jpm mtw presentation feb 28 2017_vff(2) (005)
Jpm mtw presentation feb 28 2017_vff(2) (005)
ManitowocCompany
 
Resume v0.1.2015
Resume v0.1.2015Resume v0.1.2015
Resume v0.1.2015
Mahmoud Swida
 
Ubs industrial and transportation conference 11 17-2016-vf
Ubs industrial and transportation conference 11 17-2016-vfUbs industrial and transportation conference 11 17-2016-vf
Ubs industrial and transportation conference 11 17-2016-vf
ManitowocCompany
 
Deepesh Modi - Revised
Deepesh Modi - RevisedDeepesh Modi - Revised
Deepesh Modi - Revised
Deepesh Modi (ACCA)
 
JMaccarrone Resume
JMaccarrone ResumeJMaccarrone Resume
JMaccarrone Resume
Jodie Maccarrone
 
Thomas W Byrne - Resume 02-16
Thomas W Byrne - Resume 02-16Thomas W Byrne - Resume 02-16
Thomas W Byrne - Resume 02-16
Tom Byrne
 
Gary van de Mortel
Gary van de MortelGary van de Mortel
Gary van de Mortel
Gary van de Mortel
 
Mike Denomme resume
Mike Denomme resumeMike Denomme resume
Mike Denomme resume
Mike Denomme
 
Zohaib anwar
Zohaib anwarZohaib anwar
Zohaib anwar
Zohaib Anwar
 
CFO real estate construction resume
CFO real estate construction resumeCFO real estate construction resume
CFO real estate construction resume
Ryan Deweese
 
Budgeting
Budgeting Budgeting
Budgeting
bhuvaneskumar
 

What's hot (17)

Manitowoc q2-2016-call final
Manitowoc q2-2016-call finalManitowoc q2-2016-call final
Manitowoc q2-2016-call final
 
Td securities-forest-products-forum
Td securities-forest-products-forumTd securities-forest-products-forum
Td securities-forest-products-forum
 
Mos Enticer Cv Feb12
Mos Enticer Cv Feb12Mos Enticer Cv Feb12
Mos Enticer Cv Feb12
 
Robert W. Baird 2016 Global Industrial Conference Presentation
Robert W. Baird 2016 Global Industrial Conference PresentationRobert W. Baird 2016 Global Industrial Conference Presentation
Robert W. Baird 2016 Global Industrial Conference Presentation
 
samkresume
samkresumesamkresume
samkresume
 
Dg annual report_2021
Dg annual report_2021Dg annual report_2021
Dg annual report_2021
 
Jpm mtw presentation feb 28 2017_vff(2) (005)
Jpm mtw presentation feb 28 2017_vff(2) (005)Jpm mtw presentation feb 28 2017_vff(2) (005)
Jpm mtw presentation feb 28 2017_vff(2) (005)
 
Resume v0.1.2015
Resume v0.1.2015Resume v0.1.2015
Resume v0.1.2015
 
Ubs industrial and transportation conference 11 17-2016-vf
Ubs industrial and transportation conference 11 17-2016-vfUbs industrial and transportation conference 11 17-2016-vf
Ubs industrial and transportation conference 11 17-2016-vf
 
Deepesh Modi - Revised
Deepesh Modi - RevisedDeepesh Modi - Revised
Deepesh Modi - Revised
 
JMaccarrone Resume
JMaccarrone ResumeJMaccarrone Resume
JMaccarrone Resume
 
Thomas W Byrne - Resume 02-16
Thomas W Byrne - Resume 02-16Thomas W Byrne - Resume 02-16
Thomas W Byrne - Resume 02-16
 
Gary van de Mortel
Gary van de MortelGary van de Mortel
Gary van de Mortel
 
Mike Denomme resume
Mike Denomme resumeMike Denomme resume
Mike Denomme resume
 
Zohaib anwar
Zohaib anwarZohaib anwar
Zohaib anwar
 
CFO real estate construction resume
CFO real estate construction resumeCFO real estate construction resume
CFO real estate construction resume
 
Budgeting
Budgeting Budgeting
Budgeting
 

Viewers also liked

KimberlyWDWportfolio14
KimberlyWDWportfolio14KimberlyWDWportfolio14
KimberlyWDWportfolio14
Kimberly Rice
 
Introduction to Music Production- Synthesis Modules- Coursera
Introduction to Music Production- Synthesis Modules- CourseraIntroduction to Music Production- Synthesis Modules- Coursera
Introduction to Music Production- Synthesis Modules- Coursera
Aspa Papadimitriou
 
Sommerkampanje
SommerkampanjeSommerkampanje
Sommerkampanje
Kjetil Sandnes
 
Perkembangan profesi guru indonesia berdasarkan budaya dan religius
Perkembangan profesi guru indonesia berdasarkan budaya dan religiusPerkembangan profesi guru indonesia berdasarkan budaya dan religius
Perkembangan profesi guru indonesia berdasarkan budaya dan religius
agung widiyantoro
 
Fidenti GP Overview Final 01March2016 Narrow Short
Fidenti GP Overview Final 01March2016 Narrow ShortFidenti GP Overview Final 01March2016 Narrow Short
Fidenti GP Overview Final 01March2016 Narrow Short
Anton (Ton) H. Steenman
 
Change Christmas x Strangers
Change Christmas x StrangersChange Christmas x Strangers
Change Christmas x Strangers
Reef Chang
 
Comic strip
Comic stripComic strip
Comic strip
mediahta
 
Eng333 seamster assignment 3a
Eng333 seamster assignment 3aEng333 seamster assignment 3a
Eng333 seamster assignment 3a
Mikayla Seamster
 
МЧС России 25 лет!
МЧС России 25 лет!МЧС России 25 лет!
МЧС России 25 лет!
tyrlu
 
Cross Platform Storage & Sync with Couchbase and Ionic Framework
Cross Platform Storage & Sync with Couchbase and Ionic FrameworkCross Platform Storage & Sync with Couchbase and Ionic Framework
Cross Platform Storage & Sync with Couchbase and Ionic Framework
Nic Raboy
 
Oluwayemisi Otegbade 's CV
Oluwayemisi Otegbade 's CVOluwayemisi Otegbade 's CV
Oluwayemisi Otegbade 's CV
Yemisi Otegbade
 
SB_CV
SB_CVSB_CV
Appendicular skeletal system
Appendicular skeletal systemAppendicular skeletal system
Appendicular skeletal system
busitema university faculty of health science
 

Viewers also liked (13)

KimberlyWDWportfolio14
KimberlyWDWportfolio14KimberlyWDWportfolio14
KimberlyWDWportfolio14
 
Introduction to Music Production- Synthesis Modules- Coursera
Introduction to Music Production- Synthesis Modules- CourseraIntroduction to Music Production- Synthesis Modules- Coursera
Introduction to Music Production- Synthesis Modules- Coursera
 
Sommerkampanje
SommerkampanjeSommerkampanje
Sommerkampanje
 
Perkembangan profesi guru indonesia berdasarkan budaya dan religius
Perkembangan profesi guru indonesia berdasarkan budaya dan religiusPerkembangan profesi guru indonesia berdasarkan budaya dan religius
Perkembangan profesi guru indonesia berdasarkan budaya dan religius
 
Fidenti GP Overview Final 01March2016 Narrow Short
Fidenti GP Overview Final 01March2016 Narrow ShortFidenti GP Overview Final 01March2016 Narrow Short
Fidenti GP Overview Final 01March2016 Narrow Short
 
Change Christmas x Strangers
Change Christmas x StrangersChange Christmas x Strangers
Change Christmas x Strangers
 
Comic strip
Comic stripComic strip
Comic strip
 
Eng333 seamster assignment 3a
Eng333 seamster assignment 3aEng333 seamster assignment 3a
Eng333 seamster assignment 3a
 
МЧС России 25 лет!
МЧС России 25 лет!МЧС России 25 лет!
МЧС России 25 лет!
 
Cross Platform Storage & Sync with Couchbase and Ionic Framework
Cross Platform Storage & Sync with Couchbase and Ionic FrameworkCross Platform Storage & Sync with Couchbase and Ionic Framework
Cross Platform Storage & Sync with Couchbase and Ionic Framework
 
Oluwayemisi Otegbade 's CV
Oluwayemisi Otegbade 's CVOluwayemisi Otegbade 's CV
Oluwayemisi Otegbade 's CV
 
SB_CV
SB_CVSB_CV
SB_CV
 
Appendicular skeletal system
Appendicular skeletal systemAppendicular skeletal system
Appendicular skeletal system
 

Similar to CV_280816

Britdoors - Role
Britdoors - RoleBritdoors - Role
Britdoors - Role
Richard Clease
 
Objectives of Financial Management.pptx
Objectives of Financial Management.pptxObjectives of Financial Management.pptx
Objectives of Financial Management.pptx
joshuadelacruz881994
 
Andrea_Keane_CV
Andrea_Keane_CVAndrea_Keane_CV
Andrea_Keane_CV
Andrea Keane
 
John Raguse - April 2015
John Raguse - April 2015John Raguse - April 2015
John Raguse - April 2015
John Raguse Sr.
 
Barrie John Baker Curriculum Vitae
Barrie John Baker Curriculum VitaeBarrie John Baker Curriculum Vitae
Barrie John Baker Curriculum Vitae
Barrie Baker
 
Resume-A Argall Fin Controller July 15
Resume-A Argall Fin Controller July 15Resume-A Argall Fin Controller July 15
Resume-A Argall Fin Controller July 15
Alan Argall
 
CV OCT
CV OCTCV OCT
Dipti
DiptiDipti
Neil Fletcher resume 2014b[1]
Neil Fletcher resume 2014b[1]Neil Fletcher resume 2014b[1]
Neil Fletcher resume 2014b[1]
Neil Fletcher
 
Finance & Funding in Travel and Tourism - management accounting info
Finance & Funding in Travel and Tourism - management accounting infoFinance & Funding in Travel and Tourism - management accounting info
Finance & Funding in Travel and Tourism - management accounting info
Karen Houston
 
Ahmed abdelhameed
Ahmed abdelhameedAhmed abdelhameed
Ahmed abdelhameed
AhmedAbdelhameed47
 
CFO new
CFO newCFO new
CFO new
Musharaf Ali
 
RepresentativeAccomplishments
RepresentativeAccomplishmentsRepresentativeAccomplishments
RepresentativeAccomplishments
Matthew Fairshter
 
Schul Doc 8_10_15
Schul Doc 8_10_15Schul Doc 8_10_15
Schul Doc 8_10_15
Rich Schul
 
Schul Doc 8_10_15
Schul Doc 8_10_15Schul Doc 8_10_15
Schul Doc 8_10_15
Rich Schul
 
Fforde Mukoro CV16 A
Fforde Mukoro CV16 AFforde Mukoro CV16 A
Fforde Mukoro CV16 A
Forde Mukoro
 
Amandeep Banga
Amandeep BangaAmandeep Banga
Amandeep Banga
Amandeep Banga
 
Budgeting control and Reconciliation management.pptx
Budgeting control and Reconciliation management.pptxBudgeting control and Reconciliation management.pptx
Budgeting control and Reconciliation management.pptx
Alphonce Odero
 
ANH LE MOLLOY - April 2015
ANH LE MOLLOY - April 2015ANH LE MOLLOY - April 2015
ANH LE MOLLOY - April 2015
Anh Molloy
 
Resume noman
Resume nomanResume noman

Similar to CV_280816 (20)

Britdoors - Role
Britdoors - RoleBritdoors - Role
Britdoors - Role
 
Objectives of Financial Management.pptx
Objectives of Financial Management.pptxObjectives of Financial Management.pptx
Objectives of Financial Management.pptx
 
Andrea_Keane_CV
Andrea_Keane_CVAndrea_Keane_CV
Andrea_Keane_CV
 
John Raguse - April 2015
John Raguse - April 2015John Raguse - April 2015
John Raguse - April 2015
 
Barrie John Baker Curriculum Vitae
Barrie John Baker Curriculum VitaeBarrie John Baker Curriculum Vitae
Barrie John Baker Curriculum Vitae
 
Resume-A Argall Fin Controller July 15
Resume-A Argall Fin Controller July 15Resume-A Argall Fin Controller July 15
Resume-A Argall Fin Controller July 15
 
CV OCT
CV OCTCV OCT
CV OCT
 
Dipti
DiptiDipti
Dipti
 
Neil Fletcher resume 2014b[1]
Neil Fletcher resume 2014b[1]Neil Fletcher resume 2014b[1]
Neil Fletcher resume 2014b[1]
 
Finance & Funding in Travel and Tourism - management accounting info
Finance & Funding in Travel and Tourism - management accounting infoFinance & Funding in Travel and Tourism - management accounting info
Finance & Funding in Travel and Tourism - management accounting info
 
Ahmed abdelhameed
Ahmed abdelhameedAhmed abdelhameed
Ahmed abdelhameed
 
CFO new
CFO newCFO new
CFO new
 
RepresentativeAccomplishments
RepresentativeAccomplishmentsRepresentativeAccomplishments
RepresentativeAccomplishments
 
Schul Doc 8_10_15
Schul Doc 8_10_15Schul Doc 8_10_15
Schul Doc 8_10_15
 
Schul Doc 8_10_15
Schul Doc 8_10_15Schul Doc 8_10_15
Schul Doc 8_10_15
 
Fforde Mukoro CV16 A
Fforde Mukoro CV16 AFforde Mukoro CV16 A
Fforde Mukoro CV16 A
 
Amandeep Banga
Amandeep BangaAmandeep Banga
Amandeep Banga
 
Budgeting control and Reconciliation management.pptx
Budgeting control and Reconciliation management.pptxBudgeting control and Reconciliation management.pptx
Budgeting control and Reconciliation management.pptx
 
ANH LE MOLLOY - April 2015
ANH LE MOLLOY - April 2015ANH LE MOLLOY - April 2015
ANH LE MOLLOY - April 2015
 
Resume noman
Resume nomanResume noman
Resume noman
 

CV_280816

  • 1. GORDON C DRUMMOND FCMA, CGMA - CURRICULUM VITAE Address Contact Details 5 Harper Fold Road Tel - Home : 0161 917 7504 Radcliffe, - Mobile : 07500878615 Manchester M26 3RU E-Mail - gcd169@googlemail.com EDUCATION 8 O Levels, HND in Business Studies QUALIFICATIONS CIMA FELLOW ( 2004 ) : FCMA and Chartered Global Management Accountant : CGMA WORK EXPERIENCE Enviropax Ltd ( May 2013 to present ) Company is a Thermoformer who manufacturer plastic trays for the Food Industry. • Initially employed as FC, promoted to FD in 2014. • Active board member reviewing Financial and Business strategy review and formulation. • Produced detailed Cash flow model which provided a rolling daily cash flow model which was driven by Sales and cash receipts. • Production of Profit forecast using model that I developed which was transferred to WINFORECAST which was used to create a 5 year rolling forecast. • Production of monthly financial reports, Stat Accounts and annual budgets and liaising with all external stakeholders. • Working Capital management. • Created a new monthly reporting pack which included several key Production stats that comprised the company’s principle KPI’s that highlighted performance and efficiency issues. • Financial Model Building. • Developed a break-even model which identified both the Profit and at Cash Break- even levels of Sales. • Adopted a Zero base budgeting approach to Budgeting. • Ownership of all B/Sheet reconciliations. • PAYE, VAT, R & D claim formulation. • Excellent knowledge of Sage L50. • Negotiating with external creditors including HMRC.
  • 2. Intec Group (comprising 2 independent companies) ( Mar 2001 to May 2013 ) Mister Blister - Manufactures packaging blisters for a variety of industries. DeValle Lifestyle - Markets a branded range of aromatherapy and health care products. Financial Director reporting to Chairman I was initially employed as FC for the group. My initial terms of reference included reviewing and introducing, where necessary, internal controls for all companies. To review the b/sht, in particular levels of working capital with a view to significantly reducing current levels by adopting an aggressive approach to w.c. management. To produce accurate monthly management accounts timeously once the processing of all financial data had been brought up to date. Latterly my focus has been transferred to matters of operational gearing by reviewing the GP of each product /product group in order to maximise the contribution achieved. • Negotiating funding from financial institutions, including re-financing of the Group. • Reviewing Business and Financial strategy with the board of directors including the identification of the group’s strategic options and evaluation thereof.. • Responsible for regularly reviewing working capital requirements and ensuring they were minimised. • Negotiating external funding for the purchase of assets for the group and appraising taking into consideration payback period and the effect on the group’s WACC and for larger amounts I conduct project appraisals.. • Ensuring that the most appropriate hedging method is used for currency payments including forward exchange contracts , buying $ fwd as well as matching receipts and payments by means of currency accounts. • Producing “ Flash “ profit forecasts within 2 days of the month-end. • Producing a monthly management accounts pack for each group company and for the group as a whole which includes P & L, B Sht, Funds flow, 12 mth rolling forecast and Debtors review. • Producing regular profit and cash forecasts for all companies budget revisions where necessary. • Incorporating a sensitivity worksheet in all forecast models permitting the effects of various changes to key variables to be identified, including scenario building. • Producing statutory accounts for all companies including lead schedules and a detailed audit file. • Liaising with external auditors both during and after the completion of the audit. • I also have to wear my “commercial “ hat, wherein I am responsible for negotiating the group’s insurance requirements, utilities, security and alarm systems to name the main four. • At the year-end determining the most tax efficient utilisation of cross group charges, and preparing the resultant corporation tax computation. • Production of annual balance sheet based budget thereby identifying KPI’s for the company. • Regular review of all Internal controls.
  • 3. INTEC Group cont’d Achievements • I together with my team, succeeded in considerably reducing the level of both fixed and fluctuating working capital and thereby the level of overdraft requirement. This was achieved by introducing a credit control policy which reduced debtor days from 83 to currently 49, reducing stock levels to almost that of just-in-time and by increasing the supplier base which effected a reduction in input costs. • We also assisted in increasing the profitability by controlling operational gearing and reducing the level of overheads. • Together with the chairman successfully completed a refinancing package with a major lender thereby providing additional available working capital needed for growth and investment. Strines Textiles / Walsden Printing Co. ( Jun 1999 – Mar 2001 ) Both companies were an integral part of the textile division of Leeds Group Plc, which produced bulk rolls of cloth to a variety of customers worldwide. Financial Controller / Co Management Accountant reporting to MD This was a temp position as the incumbent was on long term sick leave. My initial tasks were to computerise the accounts function onto a new computer system (Navision), producing a procedures manual and to train all relevant staff. I developed an internal accounts pack, after consultation with my colleagues in order to determine their information requirements. This pack supplemented the pack produced for Head Office and incl production statistics, departmental throughput, sales analysis etc.. In Jan 2000 I was transferred to Walsden Printing , a sister company, as Financial Controller, in the interim until the Group’s restructuring plans were completed. • Production of weekly and monthly “flash” forecasts and reconciling same to actual results. • Production of monthly management accounts pack together with Profit/C Flow forecasts. • Preparing accruals and prepayment schedules and posting to nominal ledger • Maintaining fixed asset register on a spreadsheet which I used to calculate the monthly depreciation charge • Production of statutory accounts incl corporation tax and deferred tax calculations. • Preparing quarterly VAT returns as well as EEC sales lists and intrastaat returns. • Producing control account and other B/Sheet reconciliations monthly. • Regular review of internal control procedures ensuring integrity of data within all ledgers.
  • 4. FATTY ARBUCKLES Group Ltd ( Jun 1997 to Jun 1999 ) The company operated a chain of American style diner restaurants throughout the UK, including a mix of owned and franchised restaurants. Financial Controller reporting to Finance Director The group included 9 companies, one of which consisted of c 30 profit centres and I was responsible for the production of the monthly consolidated Group Management accounts. • Reviewing monthly accounts against both budget and forecast, monitoring the % GP, labour costs. • Producing a detailed rolling forecast each month model which permitted the addition of new restaurants and indeed the closure of existing ones in order to illustrate the effects of same. • Monitoring working capital levels monthly to ensure that the bank’s covenants were not broken. • Calculation of corporation tax liability and deferred tax form inclusion in the statutory accounts.. • Assisting in the preparation of the annual budget for all companies and the resultant group consolidation. • Assisting in due diligence process prior to management buy out / in. Edgeley Textiles / James North Hardie / Orchard Fabrics Ltd ( Apr 1994 to Jul 1997 ) Originally a part of Whitecroft group Plc, they were textile companies which provided cut-length and full rolls of cloth for their customers. Financial Controller/Financial Director reporting to MD • Preparation and production of monthly management accounts for all 3 companies in the textile division, interpreting and advising directors of the implications of same. • Liaising with factors and ensuring that all factored debt and statements of indebtedness with the factor reconciled to the company’s balance sheet. .