If you are experiencing pressure within your finance team, perhaps caused by a need to drive change or the absence of a senior finance team member, an Interim Finance Manager can provide a solution by offering:
• an ability to get up to speed quickly and make a contribution from day one.
• an experience of having seen what works, and more importantly what doesn’t work.
• a flexible resource; what you want when you want it, avoiding the fixed costs and commitment of a permanent employee or contractor.
Unlike a more traditional short term consulting approach BCS provides ongoing support throughout implementation having developed a projects’ plans and strategy collaboratively. This ensures your team ‘own’ the project thus leaving behind a legacy of success.
|Business Recovery/ Turnaround|
|Part-time Finance Director|
|Finance Function Effectiveness:|
|Brought on board to manage and develop a suboptimal finance team for a privately owned £140m T/O Consumer Goods manufacturer and distributor with a global footprint. Reorganised team structures recruiting where required and developed strong team spirit introducing improved reporting, business partnering and procedures. Established team for next stage of development under permanent CFO.
|MBO transition and working capital management|
|Joined first time MBO team on interim basis at completion of transaction due to sudden departure of incumbent FD. Managed restricted cash flow during period of poor trading whilst completing detailed business planning and modelling to bring management plans in line with PE model. Set up banking arrangements including interest rate hedging and covenant reporting in line with banking agreement.
|Business Process Re-engineering (Finance)|
|Manufacturing and distribution business led by first time MBO team. Completed top up financial Due Diligence, prepared Completion Accounts and transitional finance team to VC ownership putting all PE required reporting in place including rolling cash flow forecasts, monthly management accounts, Covenant reporting etc. Also developed 5 year strategic plan and 1 year detailed budget plan enabling refocus of strategic sales effort to more profitable geographies.
|PLC reporting and Head Office relocation|
|Succesfully developed Management Information Systems and monthly reporting whilst operating as interim divisional FD of listed chemical distributor. Project managed Head Office relocation to agreed deadlines and budget.
|Interim FD at privately owned white goods manufacturer responsible for revamp of monthly reporting systems, process development for management of inventory and significant reduction in working capital levels particularly debtors. Managed finance team during period of upheaval as significant portion of company manufacturing output transferred to Far East resulting in widespread reduction in headcount.