Brian Worrall

Brian Worrall Email and Phone Number

Independent part-time FD @
Brian Worrall's Location
Newton Abbot, England, United Kingdom, United Kingdom
Brian Worrall's Contact Details

Brian Worrall personal email

n/a
About Brian Worrall

Brian Worrall is a Independent part-time FD at Compass Finance Consultancy Ltd. He possess expertise in auditing, team building, international, share schemes, accounting and 38 more skills. Colleagues describe him as "I worked with Brian for four years and this was during a period of rapid growth for the company. His professional approach to challenges and technical expertise in modelling scenarios were invaluable. Whether financial accounts, complex customer negotiations, joint venture management, analysis of new opportunities or significant step-change of the central hub he was always at the top of his game. Brian was a pleasure to work with and a thoroughly sociable fellow. Would definitely work with him in the future. " and "I have worked with Brian for approx 10 years. Together we have overseen a significant growth within the Group and delivered on a strategy to create a global footprint, setting up facilities in China, USA, Mexico, Japan, Romania and India. Brian was professional and driven throughout our time working and I would not hesitate to work with him again. "

Brian Worrall's Current Company Details
Compass Finance Consultancy Ltd

Compass Finance Consultancy Ltd

Independent part-time FD
Brian Worrall Work Experience Details
  • Compass Finance Consultancy Ltd
    Independent Finance Director
    Compass Finance Consultancy Ltd Nov 2023 - Present
    Plymouth, England, United Kingdom
    Independent finance director providing ongoing or project support to SMEs on a part-time basis. Negotiated a successful transfer of core clients from CFO Centre which provided them with seamless support.
  • The Cfo Center Uk
    Finance Director
    The Cfo Center Uk Aug 2020 - Nov 2023
    North & West Yorkshire
    Self-employed finance director to a number of SMEs who needed part-time expertise. Added value to a range of diverse clients including a woodworking machinery company, a metals supplier, a security company, an engineering group and an international professional services group.• Completed an MBO and organised international structure for a group.• Guided on strategy including exit strategy.• Created budgets and improved accountability outside Finance.• Set up three year what-if forecasts to raise funding.• Implemented monthly / quarterly reporting and delivered ongoing Board presentations.
  • Hexadex Ltd
    Financial Director
    Hexadex Ltd Feb 2011 - Mar 2020
    Gainsborough
    Finance Director reporting directly to the Group Managing Director and to the Chairman:• Production and delivery of all consolidated finance presentations to main Board at regular meetings to tight deadlines.• Challenging and agreeing budgets / reforecasts with the Board and subsidiaries.• Regular decision making and strategy input especially in relation to business growth and acquisitions. • Direct involvement in sales price proposals and renegotiations.• Operating as Finance representative on the Board of US and Japanese joint ventures.• Implemented consolidated monthly reporting and KPIs : later brought in an Adaptive cloud-based system.• Managing group-wide annual audit, changing auditors to improve value and managing internal control risk.• Recruiting an internal auditor and setting up an internal audit process.• Interpreting and challenging subsidiary financial performance with a key role at bi-monthly subsidiary board meetings - driving gross margin improvements.• Frequent visits to associate company in Sweden and reporting to Board. Handling contract issues and collecting €7m of overdue receivables at the company.• Dealing with commercial, finance, legal and tax aspects of acquisitions and also of new Chinese, Japanese, Romanian, Mexican, Indian and American JVs and subsidiaries. Visiting operations to set up and then review progress.• Building and leading a new Finance team. Managing relationships with divisional directors.• Leading Finance group-wide “get-togethers”.• Devising investment appraisal processes. • Dealing with payroll and HR issues to deliver auto-enrolment and salary sacrifice schemes, saving approximately £100,000 pa in payroll cost. Presenting to workforce and dealing with IT issues.• Handling all statutory reporting.• Managing bank relationship and devising a group treasury policy to reduce FX exposures.
  • Mrc Transmark Ltd
    Finance Director
    Mrc Transmark Ltd 2008 - 2010
    • Led two successful implementations of Oracle. Designed processes and resolved issues in Finance, sales order administration and workshop/bills of material. Managed change, structured and organised training and carried out user testing and go live tasks. Oracle integrated two systems into one achieving large efficiency savings for the company. • Supported commercial decision making and strategy in Board meetings.• Led a team in Finance and re-engineered monthly management reporting to give a quicker more streamlined process.• Worked with suppliers to implement new consignment stock systems to simplify transactions.• Visited and appraised Board of potential acquisitions.• Built on-going relationships with key suppliers and customers. Reduced overdue receivables by £70,000.
  • Transmark-Fcx Group Bv
    Group Financial Controller
    Transmark-Fcx Group Bv 2006 - 2008
    • Addressed problem areas such as overdue receivables, contract losses at subsidiaries and incentivised local management to improve collections.• Worked extensively on acquisitions involving high level due diligence meetings, legal documentation, post purchase working capital adjustments, and integration.• Dealt with IFRS, UK and Dutch GAAPs in consolidating group accounts and producing statutory reports.• Introduced banks to refinance the group and reduced finance costs. Dealt with legal documentation.• Set up treasury policies and centralised FX transactions to reduce cost. • Produced documentation and forecasts, which ultimately led to the disposal of the group to MRC.• Drove group wide cash improvements through working capital reduction and cash targets.• Designed / implemented tax planning schemes including international transfer pricing mechanisms. This reduced tax costs in the group by utilising tax losses.• Recruited staff to increase the group finance team.Group Financial Controller responsibilities included preparation of monthly consolidated results, KPIs, budgets and reforecasts. Additionally incorporated holding company bookkeeping, recharges and payroll.
  • Dixon Motors Plc
    Financial Operations Manager And Treasurer
    Dixon Motors Plc 2001 - 2006
    Responsibility in a support centre for cash and treasury management, credit control, purchase ledger and customer financial service processes. Managed a team of over 40 people working with HR as issues arose. Dixon Motors operated over 100 motor dealership and repair sites. Achievements:• Implemented a cash forecasting process to control debt.• Set up processes to control site spending.• Rationalised bank account and trade funding structures, saving funding costs and charges.• Initiated weekly meetings to regulate vehicle purchase commitments and bulk deal stock. • Implemented and administered treasury / cashiering IT systems. This automatically reconciled and posted transactions reducing headcount.• Set up a treasury function and policy reducing the cost of debt and FX exposures.• Provided financial input into new vehicle point of sale initiatives to ensure they were robust.• Managed property joint ventures and raised finance.• Handled relationships with all banks in the syndicate. Negotiated refinancing.• Dealt with all consignment stocking legal issues, including issues due to the closure of MG Rover and successfully negotiated a £1m+ vehicle discount with its funder – Capital Bank.• Attended Board meetings in an advisory capacity.• The “face of Dixon Motors” – invited to promote the company on TV media
  • Wrace Technology
    Interim Finance Director
    Wrace Technology 2000 - 2001
    • Dealt with daily financial and other business start-up issues.• Developed a business plan and successfully raised venture capital of approximately £1.5m.• Set up all accounting records and implemented Sage to control the business.• Assisted with feedstock sourcing and logistics. Increased volume of front-end textile.• Handled publicity and presentations and successfully sold recycling ideas to related industries.
  • Kalon Group Plc / Heywood Williams Group Plc
    Group Treasurer And Tax Manager
    Kalon Group Plc / Heywood Williams Group Plc 1999 - 2000
    Two short term assignments as Group Treasurer and Tax Manager reporting to the same Finance Director. Responsible for the groups’ global tax position and all treasury issues:• Controlled funding strategy and exchange / interest rate exposures. Reduced FX exposures.• Successfully negotiated a £130m syndicated facility to refinance the group and reduced interest costs.• Renegotiated private placement debt and reduced exit cost.• Substantial involvement in a high level tax integration process. Successfully aligned the structures and tax interests of Kalon Group, Petrofina and Total Oil.
  • Bwi Pc
    Group Accountant / Tax Manager / Treasurer
    Bwi Pc 1990 - 1999
    Experience as Group Accountant, Tax Manager and Treasurer: • Responsible for production/review of monthly consolidated financials, budgets, statutory accounts, and subsidiary performance reviews. Dealing with US GAAP.• Controlled group’s tax position. UK and US compliance work and most tax planning dealt with in-house. • Assisted business development director with on-site investigations of potential targets, acquisition justifications, due diligence and post acquisition integration.• Treasury role - reporting of weekly cash performance to the Board and analysed contract cash variances. Managed bank relationships, raised finance, handled foreign exchange and interest rate exposures.

Brian Worrall Skills

Auditing Team Building International Share Schemes Accounting Cash Flow Mergers Sales Systems Start Ups Forecasting Strategic Funding Financial Risk Business Analysis Business Development Management Accounting Credit Risk Negotiation Team Leadership Finance Treasury Management Process Improvement Strategy Cash Flow Management Corporate Tax Business Planning Budgeting Business Valuation Acquisitions New Business Development Internal Controls Change Management Budgets Business Strategy Management Ifrs Financial Reporting Project Management Due Diligence Reporting Mergers And Acquisitions Board Of Directors Internal Audit

Brian Worrall Education Details

Frequently Asked Questions about Brian Worrall

What company does Brian Worrall work for?

Brian Worrall works for Compass Finance Consultancy Ltd

What is Brian Worrall's role at the current company?

Brian Worrall's current role is Independent part-time FD.

What is Brian Worrall's email address?

Brian Worrall's email address is br****@****i.co.uk

What schools did Brian Worrall attend?

Brian Worrall attended Bacup And Rawtenstall Grammar School, University Of Central Lancashire.

What are some of Brian Worrall's interests?

Brian Worrall has interest in Cricket And Badminton.

What skills is Brian Worrall known for?

Brian Worrall has skills like Auditing, Team Building, International, Share Schemes, Accounting, Cash Flow, Mergers, Sales, Systems, Start Ups, Forecasting, Strategic Funding.

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