Business Minded Finance Director/CFO with over 20 years at executive level in service and manufacturing companies of £15m - £50m turnover, owned by Private Equity & international groups.
A calm, resilient Leader who partners CEO & management to develop the business with control of detail and a clear strategic overview.
► Develops effective, value adding Finance & IT teams – turnaround of failing finance function, implementing IT systems, improving processes, ensuring proper controls with timely, accurate reporting.
► Financial controls & analysis – ensuring financial basics in place, improving financial reporting, integrating non-financial KPI’s, rolling forecasts, budgeting, project & product costing.
► Cash & working capital management – cash flow management in crises, implementing processes to improve working capital & cash.
► Turnaround & Profit Improvement - downsizing multi-site services company to restore profitability, manufacturing company profit improvement of £2m pa.
► M&A - post-acquisition integration at 2 different companies including new systems, culture change, reduced admin by 50%; disposal of non-core business; preparation for Private Equity sale.
► Corporate finance - re-financing raising £25m to repay shareholder loans, capital restructuring, managing good relations with banks & investors, optimising taxation & mitigating pension risk.
► Wide involvement across the business – estimating, bids & contracts, customers & suppliers, capital expenditure, cost reduction, production planning, operational improvement.
► Managing up to 60 people including oversight of procurement & other functions.
► Training & mentoring of finance team, senior leadership & non-financial personnel.
Sectors: Manufacturing, Industrial Services, Aerospace, Oil & Gas, Automotive, Electronics, Contracting, Engineering, Research.
Looking for a new challenge and immediately available for Interim FD/CFO roles.
Will consider part time or non-executive director roles
Finance Director / CFO @ Available now for interim FD assignments. From August 2015 to Present (5 months) Worcester, United KingdomInterim Finance Director / Finance Director @ Manufacturer of fabricated structures for subsea oil & gas applications, trailers, precision machined parts & wiring harnesses for aerospace & defence markets.
►Responsible for Finance & IT functions.
►Implementation of Epicor ERP system.
►Acquisition & refurbishment of property to create world class Oil & Gas fabrication, assembly & testing facility.
►Acquisition of Phoenix CNC Engineering Ltd. From November 2013 to August 2015 (1 year 10 months) Interim Finance Director►Interim FD►Interim CFO @ Interim Finance Director, FD or CFO providing continuity during periods of recruitment or absence and expert additional resource to effect change for turnaround, improving profit, cash or systems, delivering critical business projects with specialist support.
Expertise in financial control, business planning, cash & working capital management, profit improvement & turnaround, systems & processes, M&A, financing, training & mentoring.
Sectors include manufacturing, industrial, contracting, maintenance services, engineering services, private equity. From July 2013 to December 2014 (1 year 6 months) Finance Director►Private Equity FD►Manufacturing FD►Finance & IT @ Manufacturer of precision forged and machined aerospace components for blue chip customer base:
►Responsible for the Finance, IT & Procurement functions
►Re-financing raising £25m working with advisors and shareholders, resulting in improved balance sheet and repayment of shareholder loans
►Tax planning and corporate restructuring From 2007 to 2012 (5 years) Financial Controller►Private Equity►Manufacturing►Finance @ Manufacturer of precision forged and machined aerospace components for blue chip customer base:
►Responsible for leading finance analysis, forecasting and financial accounts teams
►Post acquisition integration of 3 businesses moved all financials onto one system, improved management reporting & KPI's, improved effectiveness of Finance function, standardised processes.
►Review of product profitability identifying loss making products - actions to turnaround loss to profit improving by £2m.
►Pension trustee and chair of trustee board - series of actions to reduce cost and mitigate risk of final salary pension schemes. From 2001 to 2007 (6 years) Financial Controller►part of International Group►Engineering Services►Finance & IT @ Multi-site provider of engineering services - repair & overhaul of electric motors, electronics and other industrial equipment; site maintenance services:
►Responsible for the Finance & IT functions, reporting to MD
►Post Acquisition implementation of new IT system including job costing, KPI dashboard, intranet; reduced admin staff by 50%; new budget & quarterly review process.
►Major restructuring following major contract loss - business turnaround from loss to profit following closure/sale of branches, transfer of work/personnel, good communication with customers
►Disposal of the business on behalf of the French shareholder From 1993 to 2001 (8 years) Birmingham, United KingdomFinancial Controller►part of International Group►Manufacturing►Finance @ Manufacturer of cutting tools & chucks for sale from stock to distributors:
►Implemented new ERP system
►Improved management & financial controls
►Part of team to implement lean cellular manufacturing reducing WIP from 3 months to 3 weeks From 1991 to 1993 (2 years)
Bachelor of Arts (BA), Accountancy Studies @ The University of HuddersfieldThe Arthur Terry School Nigel White BA, ACMA, CGMA, MIoD is skilled in: Financial Reporting, Financial Analysis, Managerial Finance, Manufacturing, Accounting, Corporate Finance, Cash Management, Treasury Management, Working Capital Management, Budgets, Forecasting, Project Costing, Product Costing, Pensions, Company Secretarial Work