Jonathan Smith Email & Phone Number

Windsor

• Lead on various business simplification transactions in order to streamline the Irish and the UK operations and the legal structure, saving operating costs, reducing tax charges and minimising audit fees and other company compliance costs. • Key member of multi-disciplinary team responsible for implementing new world-wide company structure under the UK and determining most appropriate solutions. Areas included accounting impact of choice of GAAP and tax issues concerning new ATCA, the patent box regime and maximising recoverability of with-holding tax on royalties. • Responsible for Group tax reporting and tax compliance for both the UK and Ireland – reporting in accordance with US GAAP to the US Tax Department. • Project Lead on due diligence of acquisition targets in order to confirm the validity of assets and liabilities and evaluate the commercial potential of the business to ensure the ITW Acquisition Model was still valid. • Responsible for recommending new accounting framework to replace UK GAAP. Created Impact Assessment Report on various options available - full IFRS, FRS 101 or FRS 102. FRS 102 selected as it maximised the tax relief available thereby reducing the Group’s effective tax rate.• Manage audit of Irish and UK legal entities with £650m turnover, being principal contact with Auditor and Financial Controllers. Reduced reporting timescale from nine months to three months thereby freeing up time to work on more value added projects. • Project lead on web-based tax pack to efficiently collect and report detailed consolidated data for ITW Ltd tax compliance from forty-five diverse business divisions. • Managed Irish and UK banking relationship, cash pooling arrangements and overnight deposits

Weybridge

Implemented timely and accurate monthly reporting and budgeted and forecasting Rearranged financing facilities to release funds into the business for additional debt purchase.Managed and developed finance team of six people

Stoke Poges

Established accurate weekly reporting to ensure business performance continually monitored.Identified opportunities to expand the business and made appropriate recommendations.Improved commercial awareness of non-financial senior managers by effectively communicating financial information and how it should be interpreted.Managed shared service centre team of six people.developing and implementing process improvements.

Reading, United Kingdom

• Management and development of team of eleven staff. Responsible for recruiting, coaching mentoring and performance evaluation. Promoted staff internally to motivate and develop the team whilst minimising recruitment costs. Deputy successfully succeeded me.• Key member of team that specified and designed a new advertising processing and sales system. Achieved Year 2000 compliance, significantly streamlined processes and provided a sales database for growing the business. Following successful implementation, the system was rolled out to other divisions.

Tamworth

Key business partner in setting up new national production and distribution centre on green field site. This enabled the profitable expansion of the business.

London, United Kingdom

Selected and installed new accounting package to produce management accounts on a timely basis.Rationalised stock and tightened up credit control, which reversed the bank overdraft position, releasing £190,000 into company cash flow.

London And Maidstone

• Supervised audits of public and private companies with turnovers ranging from £3m to £45m.• Documented and assessed the adequacy of clients accounting systems and tested the internal controls. Reported weaknesses and made recommendations for improvement adding value to the audit.