Michael O'Donnell Email & Phone Number

London, GB

London, United Kingdom

• "No business can operate without a Finance Director"EFM specialises in helping businesses handle their finance function in a smart and innovative way. We do this by providing high calibre, affordable professional.
• Due diligence on three different businesses for M&A purposes, values from £25m to £6m
• FD for firm of architects
• Acting for an IT company
• FD for offsite logistics company
• Working for a telecoms ring tone company

• Representing a property developer in London
• CFO of pre float FINTECH group including raising new money
• FD for a Surrey property developer
• Forensic accounting work on a retainer basis for various legal claims
• Introduced regular reporting cycles in all clients
• Successful in reduction in covenant criteria with various providers of capital

• Finance Director of privately owned property company of high net worth individual, reporting to COO
• Managed six staff within the finance team
• Implemented monthly reporting timetables with full KPI and metric analyses
• Saved £475k in corporation tax on new business venture
• Reduced salary costs by £125k within the department
• Eradicated significant shrinkage in newly acquired business.

• AIM listed Property Company
• Responsible for all RNS announcements allied with website updates
• Full drafting of AIM financial statements under IFRS
• Drafting, submission and agreement of CT returns
• Prior year significant audit errors uncovered leading to HMRC refunds
• Reduction in professional fees adding to the bottom line of £85k.

• Part of a French listed multi sited Telecoms group with responsibility of annual revenues in excess of £85m.
• Complete re –organisation of multi site accounting function into one location, 21 staff involved and introduced improved reporting deadlines and staff morale.
• Streamlining of debtor, creditor, expense, payroll and treasury functions
• Discontinued company’s involvement in non-strategic initiatives, resulting in six figure savings.
• Designed bonus scheme for staff with increased productivity
• Negotiation with the Inland Revenue resulting in final settlement of £100,000 less than original demands.

• Group Financial Director and Company Secretary of London & New York £22m AIM listed publishing group. Responsible for all financial and other management areas, including strategy, accounting, budgeting, operations.
• Sold company for £19.2m to a listed group through a reverse takeover. Led negotiations, concluded all planning and due diligence and implemented transaction. Sale based upon earn out formula, which led to a substantial.
• Led the team in raising the finance from Institutions and Banks.
• Supplied necessary information for long form report, working capital particulars, pro-forma balance sheets and financial assistance requirements.
• Executed management buyout of the company prior to disposal through cash and loan note tax efficient structure within UK and USA.
• Identified and remedied loss making areas within titles of the publishing business, which existing management did not tackle.

• Managed substantial portfolio of quoted and private clients with annual fees in excess of £1m.
• Advised clients through successful fund raising exercises, including preparing Stock Exchange circulars, including super class one and long form reports.
• Raised capital with banks and institutions on behalf of clients.
• Advised on numerous acquisitions and disposals and led due diligence exercises, including review of indemnities and warranties.
• Oversaw development, training and monitoring of 23 staff.

Trainee in a highly regarded medium sized practice