EFM specialises in helping businesses handle their finance function in a smart and innovative way. We do this by providing high calibre, affordable professional expertise on a flexible, part time, insourced or outsourced basis. We provide experienced Finance Directors, Finance Controllers, CFOs and Non-Executive Directors.

Seawood is a property developer that has developed three U.K.sites. • Twelve apartments, an office unit and a newsagents shop from a Lloyds bank building in Sutton Coldfield. Gross Development Value (GDV)£3.5 million.• Thirty apartments and six town houses from a former hotel site in Saundersfoot, Pembrokeshire. GDV £8.5million• 120,000 sq/ft of industrial space on an eight acre site in Lancashire.Responsibilities:• All aspects of the management of the business. • Sourcing sites, negotiating site purchase, organising finance and explaining the business model to lenders, preparing business plans and cash flows.• Designing the developments with architects, negotiating planning permissions, selecting main contractors.• Project management and monitoring costs to completionKey Achievements:• Three development opportunities identified on good commercial terms, three finance packages successfully negotiated and three freeholds purchased.• Planning permissions for change of use negotiated and obtained under difficult circumstances, one in a coastal national park.• Fixed price construction contracts agreed with main contractor and lenders.• Build phase completed on time for the contract sum and within budget.• Sales targets over achieved.

Network Flooring was the UK’s largest commercial floor layer turning over £12.0m with a high profile customer base including M&S, British Airports, Employment Service, MOD etc. In 1997 an opportunity for an MBO/MBI arose and I was contacted by the MD of Network, to advise on the buyout strategy. We completed the buyout in June 1998, and I joined as Finance Director, forming Willoughby as a holding company. In 1999 we acquired a carpet making facility in Lancashire turning over £3.0m and in 2000 we acquired a carpet distribution business in Lancashire turning over £2.0m. Responsibilities:• Advise on the buyout strategy, source and negotiate the finance package and to manage through the buyout process.• Managing the finance team and the accounts department.• Supervise the production of monthly management accounts and annual accounts.• Source and negotiate suitable acquisitions.• Prepare business plans and cash flows to support the business case for acquisition.• Source and negotiate finance packages.• Manage through the acquisition process.Key Achievements:• Network buyout completed on time and well within the funds available.• New accounting system installed on time and within budget. • New pension scheme introduced.• Profitability targets achieved• Debt book profile substantially improved• MBO debt funds repaid within twelve months.• Cash position went from £1.0 million overdraft to £900k in hand within twelve months• Three acquisition targets identified.• Business plans and cash flows prepared to support acquisitions. All subject to and passed external due diligence.• New finance packages agreed with new lenders. Two acquisitions successfully completed• Acquisitions integrated into Willoughby Group.

Responsibilities:• Advising the Board of Directors and Shareholders on the possible options for a public listing and what that might mean for them with regard to due diligence.• Locating suitable firms of Nominated Advisor’s (Nomads) in the City to represent Parkfiled and support the management and shareholders in their ambitions for a public listing.• Assisting with the preparation of listing particulars for Parkfield and being a “Public Document” the legal verification process that is required for that• Supporting the Parkfiled Directors at meetings with potential investors and preparation for due diligence.Key Achievements:• Two offers from Nomads: One to list the business on AIM and one on OFEX.• All due diligence and ofex code compliance competed satisfactorily. • Parkfeild listing particulars prepared and verified by city solicitors.• Parkfield listed on OFEX in 1998.

Talbex was a fully listed conglomerate holding company. Talbex owned Europe’s largest aerosol filler, they also had companies involved in advertising, industrial lighting, janitorial supplies and some property. In 1986 we completed the Reverse Takeover of The Talbex Group plc by selling our mining interests in United Mining to The Talbex Group plc, which at that time was on the London Stock Exchange main list. At the same time we took executive control of the Talbex Group plc board. We were financed by Sleipner Ltd, a boutique Private Equity Finance house based in Mayfair and assisted by Robert Wigram & Co Stock Broker to Talbex plc.In 1987 after having successfully achieving our earn-out, Sleipner sold 50% of their Talbex stock for a profit of £4.0m. I was a Main Board Director of the plc and many of its subsidiaries. I was also Managing Director of the Mining and Construction Division. I was responsible for achieving the profits in the Mining Division that ensured our earn-out for the United Mining acquisition. I was also responsible for the acquisition of the Talbex construction operation and I was involved in the acquisition on Victoreen Inc, a health physics company based in the USA who supplied the American armed forces. This involved me in due diligence in the USA.Responsibilities:• Director of the plc• Managing Director of the Mining and Construction Division• Achieving group EPS profit targets to secure we achieved our additional earn out shares • Restructuring Talbex plcKey Achievements:• Profit targets achieved and earn out shares issued. Our private equity backers made a £4.0 million plus profit from an investment of £300k.• Talbex business restructured.• New capital raised.• New stockbrokers appointed.• Successful Disposal of businesses• Successful acquisition of USA business• Construction of Europe’s largest aerosol filling facility.