Malcolm Watts

Malcolm Watts Email and Phone Number

CFO | Finance Director | SME | Consumer/Retail/Luxury | Ecommerce/DTC @ New Lobster
Malcolm Watts's Location
United Kingdom, United Kingdom
Malcolm Watts's Contact Details

Malcolm Watts personal email

n/a
About Malcolm Watts

With over a decade of experience as a board level CFO, Malcolm has refined his financial expertise working alongside of visionary founders and entrepreneurial CEOs of privately owned and private equity-backed SMEs in the consumer, retail and luxury sectors. His career has been defined by a relentless commitment to the continual improvement of finance teams and optimising financial performance with guiding sustainable growth whilst managing risk. Specialist areas:Sectors - multi-site retail / DTC ecommerce, luxury, technology, publishing, events and corporate hospitality, B2BSME - start-up, scale up high growth, turnarounds and distressed businessesFunding - private equity, venture capital, crowdfunding, corporate finance, banks and specialist lenders M&A - successful acquisitions and disposals (including PE sales and pre-pack administrations)Areas of expertise include:• Business partner to founders and entrepreneurial CEOs • Working collaboratively with divisional directors giving support and guidance around finance • Friendly interpersonal skills used to develop and nurture team management• Manage the company financial reporting, cashflow, P&L and treasury functions• Manage future acquisitions, due diligence and M&A• Viability and ROI (return on investment) for new ventures / capital expenditure projects• Strategy planning / business planning• Cashflow management and forecasting• Medium and long-term strategy and financial planning with scenario modelling• Excel scenario modelling for decision making and risk management• Improving profitability by instigating cost reduction measures• Corporate relationships with external stakeholders including investors, banks, auditors• Managing retail store portfolios, including property management, lease and rent reviews• Have managed IT, supply chain, warehouse and distribution functions• Netsuite, Xero, Dynamics/Navision, Sage

Malcolm Watts's Current Company Details
New Lobster

New Lobster

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CFO | Finance Director | SME | Consumer/Retail/Luxury | Ecommerce/DTC
Malcolm Watts Work Experience Details
  • New Lobster
    Chief Financial Officer
    New Lobster Nov 2024 - Present
  • No Uniform
    Finance Director
    No Uniform Sep 2023 - Jun 2024
    London, Gb
    NO Uniform is one of the UK leaders in bespoke designer uniforms, with an enviable client list in luxury hospitality ranging from smaller independent Michelin-starred restaurants to world-famous hotel chains. The award-winning company was founded in 2014 by distinguished designer Nicholas Oakwell.Key achievements:- Implement new month-end reporting procedure, including comprehensive monthly MI pack- Instigated a new Group company structure and share structure- Recruited and trained a new Finance team- Secured debt finance for the fit-out of new office premises in Hackney Wick
  • Erdem
    Interim Finance Director
    Erdem Mar 2023 - Jul 2023
    London, Gb
    ERDEM is an independent luxury womenswear brand founded in 2005 and has steadily grown with turnover reaching £18m. With sales generated predominantly from wholesale partners, the business is looking at future growth through more direct-to-consumer channels. Short-term contract to lead Finance function whilst waiting for the perm-FD to start due to notice periodKey achievements: - Implement new month-end reporting procedure, including full revision of monthly MI - Create a robust daily/weekly/monthly cashflow forecast model - Lead the upgrade project of Sage 50 to Sage 200 - Driving the ecommerce team to develop numerous growth opportunities - Focus on reducing the Debtors balance with recruitment of new AR Manager
  • Wyse London
    Chief Financial Officer
    Wyse London Aug 2021 - Mar 2023
    London, Gb
    From humble beginnings in Marielle Wyse’s kitchen in 2017, the growth of the business to £14m in 2022 has been remarkable. Leveraging the impact of Instagram Live and the selling of pre-order premium womenswear, WYSE London has been profitable and cashflow positive since day one.Reporting to the Founder as the first senior hire when the company had only eight employees and a number of freelancers, I was recruited to bring structure across the business to support its growth ambitionsKey achievements: - Established an in-house finance function and recruited a finance team - Implemented cash management, management accounting, and financial controls - Project-managed the opening of stores, adhering to tight deadlines and budgets - Expanded international Trademark protection for the brand - Introduced Global-e for international cross-border selling - Improved commercial terms by changing insurers, bank and tax partners
  • The Fold London
    Finance Director (Maternity Cover)
    The Fold London Sep 2020 - Jul 2021
    London, England, Gb
    Premium womenswear ecommerce business with annual sales of £12m. With PE backing from Active Partners and HNW individuals, the business continues to grow at over 30% year-on-year.Maternity cover role reporting to the CEO and lead the finance function during a crucial time for the business as it recovers from the pandemic and ready to take advantage of expansion opportunities.Key achievements: - manage the Brexit process to ensure business continuity (including engaging a new freight forwarder partner) - renegotiation of the bank loan facility - review of potential future funding options, including CBILs - oversee the completion of the Netsuite implementation - steering committee on the new cross-border API integration, Global-e
  • Links Of London
    Finance Director
    Links Of London Aug 2017 - Mar 2020
    London, Gb
    Links of London was a luxury jewellery business founded in 1990 and acquired by the Folli Follie Group based in Greece in 2012. With global sales total £100m, of which the UK accounted for £50m, sales were generated through stores, online and wholesale. The Company went into administration at the end of 2019 after the Folli Follie Group was declared insolvent.Reporting to the Links of London Global CEO, I was recruited to transform the finance function to deliver timely, informative and robust financial information.Key achievements: - production of 3 year turnaround and 5 year growth Business Plans - streamlined financial analysis and reporting including management accounts - implemented daily cashflow management - driving financial controls delivering overhead cost savings - delivered CVA proposals - arranged £6m specialist asset-backed loan with Hilco Capital - managed IT including ERP upgrade the Dynamics and Power BI reporting
  • East Lifestyle
    Finance Director
    East Lifestyle Jun 2013 - Apr 2017
    London, Gb
    EAST is a premium ladies multi-channel retailer (stores, concessions and eCommerce) with annual sales peaking at £50m. Reporting to the CEO, I was responsible for the finance, IT and distribution functions. Key achievements:- successful PE sale of the business from FabIndia to Crore Capital in October 2016- relocation of the Head Office - outsourcing the distribution function from an in-house warehouse to a 3PL solution, SEKO in Milton Keynes- steering committee for the new Merret ERP including implementing SUN finance systemDuties:- stakeholder liaison including banks, investors, auditors- leadership of financial information at Board meetings- challenging and presenting annual budgets and forecasts- evaluation of capital expenditure requirements- foreign exchange, f/x, foreign currency management- property portfolio management - capital appraisal of new stores and exiting loss making units- managing the IT and Distribution functions of the business
  • East Lifestyle
    Financial Controller
    East Lifestyle Jan 2008 - Jun 2013
    London, Gb
    Reporting to the Finance Director, the Financial Controller duties include; - managing and developing the finance team - ensuring the internal controls for accuracy and integrity of data stored - timely production of Management Information - treasury functions including cash flow forecasting and managing foreign currencies - financial analysis and financial planning
  • Img Media
    Divisional Financial Controller
    Img Media 2007 - 2007
    Chiswick, London , Gb
    US based global sports events, entertainment and talent management company with European headquarters in London.Integrating the event portfolio from the acquisition of The Quintus Group by IMG. Managing the finances of the newly created division and migration of the accounting function, including the transfer of financial reporting from Sage to SAP.
  • Quintus Group
    Financial Controller
    Quintus Group 2001 - 2007
    Quintus was a privately owned and Ibis PE backed business that delivered corporate hospitality sporting events including the Masters Tennis at the Royal Albert Hall and the London Triathlon. In 2007 the Quintus Group was acquired by IMG UK Ltd.Reporting to the Finance Director, the role of Financial Controller duties included; - financial modelling of potential acquisition targets - monthly group consolidation of management accounts - managing the quarterly forecast and annual budget process - processing the payroll on Sage, including year end P60s and P11Ds - leading the annual audit review, including drafting accounts for 8 companies - managing the Sage Accounts 50 package
  • Miller Freeman (United Business Media)
    Management Accountant
    Miller Freeman (United Business Media) 1997 - 2000
    London, Gb
    Management Accountant (Jun 97 to Dec 98)Miller Freeman is a subsidiary of United News & Media that produces trade magazines, trade exhibitions and hosts awards ceremonies. The business was split over varying locations, including Chiswick, Docklands, Sidcup and Tonbridge.There was a Management Accountant that was assigned to each market sector, to which I controlled the Engineering division.Systems Accountant (Jan 99 to Dec 2000)Being a large organisation, Miller Freeman had complex systems in the finance department. JD Edwards was used as a billing system which sat on top of Oracle which was used for payables and general ledger. There were additional systems such as Hyperion and Business Objects utilised for information reporting.The position of Systems Accountant was created to aid in the smooth implementation of new systems and upgrades, as well as an important role in ensuring all systems were Y2K compliant in the lead up to the new millennium.
  • Pirelli Construction Company Ltd
    Various Positions
    Pirelli Construction Company Ltd 1989 - 1997
    Pirelli Construction was a cable installation division of the Pirelli Group based near Southampton. The construction industry is a complex area of accounting, where expertise is required to abide by many accounting standards, including the valuations of work-in-progress and profit recognition in long-term contactsPositions held; - Purchase Ledger Clerk - Sales Ledger Controller - Divisional Assistant Accountant - Accounts Manager - Steel Fabrication Unit - Jubilee Line Extension - Project Accountant

Malcolm Watts Skills

Management Finance Strategy Financial Reporting Budgeting Accounting Mergers And Acquisitions Business Strategy Management Accounting

Malcolm Watts Education Details

  • Chartered Institute Of Management Accountants (Cima)
    Chartered Institute Of Management Accountants (Cima)
  • Association Of Accounting Technicians
    Association Of Accounting Technicians
  • Eastleigh College
    Eastleigh College
    Btec National Certificate - Business & Finance

Frequently Asked Questions about Malcolm Watts

What company does Malcolm Watts work for?

Malcolm Watts works for New Lobster

What is Malcolm Watts's role at the current company?

Malcolm Watts's current role is CFO | Finance Director | SME | Consumer/Retail/Luxury | Ecommerce/DTC.

What is Malcolm Watts's email address?

Malcolm Watts's email address is ma****@****dem.com

What schools did Malcolm Watts attend?

Malcolm Watts attended Chartered Institute Of Management Accountants (Cima), Association Of Accounting Technicians, Eastleigh College.

What skills is Malcolm Watts known for?

Malcolm Watts has skills like Management, Finance, Strategy, Financial Reporting, Budgeting, Accounting, Mergers And Acquisitions, Business Strategy, Management Accounting.

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