Head Of Finance
Wetherby, West Yorkshire, Gb
Head of Finance & Senior Accounting Officer (SAO), the senior Finance position within The Encon Group and part of the Senior Leadership Team that led the group through signifcant growth post MBO.The Encon Group comprised 4 active trading companies primarily specialising in the Distribution of Insulation, Drywall, Ceilings, and related building products, with subsidiaries also involved in Contracting and Manufacturing.Privately owned following an MBO from Wolseley Plc in 2011.For the year ending 31 Jul 22, group turnover was £309m delivering an EBIT of £17.4m. Balance Sheet Net Asset Value was £27.6m. The group employed 659 people operating from 25 locations across the UK.The finance team under my charge comprised 20 employees covering Financial and Management Accounting, Treasury, Commercial Finance and Accounts Payable.During my time as Head of Finance I implemented and upgraded several new finance and related systems, to improve our reporting abilities and transactional efficiencies. These included new Business Intelligence systems; new management accounting reports; and a new workflow and document management system allowing AP, AR and Accounting teams to go paperless. These systems connected Head Office to the branches, improving communication and workflow between them. This proved vital during the COVID lockdowns as the finance functions and processes could continue to operate remotely.Main point of contact for annual Audits with PwC and latterly BDO. Responsible for all statutory and compliance events including Annual Accounts, Corporation Tax, VAT and PAYE.Finance Lead for the successful sale of PFC Corofil in 2021.Finance Lead for repayment and refinancing deals of £19m loan and £40m receivables financing agreement respectively.