Paul Foster

Paul Foster Email and Phone Number

Director of Legal, Corporate Affairs and Company Secretary @ Ochre Bio
Oxford, GB
Paul Foster's Location
Oxford, England, United Kingdom, United Kingdom
Paul Foster's Contact Details

Paul Foster personal email

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About Paul Foster

I help life science and technology start-ups, pre-revenue, early stage companies and those poised for growth.Commercial accounting is all about adding value.........helping businesses plan, control, and understand their business.It is key that organisations understand their revenue drivers and the associated costs. We need to understand what works and what doesn't. Resources (cash, in particular) are scarce, they need to be targeted to the highest margin products, customers, sectors and research projects. Times will be difficult for the foreseeable future, businesses need to double down on core activities that have the best ROI.Quality data like this for decision making is not easy to produce. Accounting and transactional data needs to be captured and organised, interpreted and communicated to Boards with clarity and impact.I specialise in commercial, strategic finance leadership roles in the technology, biotechnology, pharmaceutical, and medical devices sector. With a leadership track record, across private equity backed, early stage, high growth SMEs and pre-revenue start-ups. I'm hands-on, and I partner with Boards, to form and execute strategic plans and deliver growth, profit, cash-inflow, owner exits and M&A.Delivering control, insight, systems scalability and turnarounds to maximise cash and exit outcomes.Specialties: Cash Management, Business Strategy Formation and Execution, FP&A, Continuous Process Improvement, Profit Maximisation, Strategic Financial Management, Business Review, Turnaround, Budgeting, Forecasting and Planning, Systems Implementation, Change Management, Reorganisations, Contract Negotiation, Cost Cutting, Risk Management, Project Accounting, Company Secretary, Raising Funds, Financial Modelling, Control and Reporting Systems, Company Start Ups, Supply Chain Operations, Investment Appraisal, Acquisitions, R&D Tax Credits, EMI Option Schemes.

Paul Foster's Current Company Details
Ochre Bio

Ochre Bio

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Director of Legal, Corporate Affairs and Company Secretary
Oxford, GB
Website:
ochre-bio.com
Employees:
68
Paul Foster Work Experience Details
  • Ochre Bio
    Director Of Legal, Corporate Affairs And Company Secretary
    Ochre Bio
    Oxford, Gb
  • Beckley Psytech
    Director Of Finance And Administration
    Beckley Psytech Dec 2020 - Present
    Oxford, Gb
    Beckley Psytech is dedicated to helping patients suffering from neurological and psychiatric disorders by developing a pipeline of psychedelic compounds into licensed pharmaceutical medicines
  • Ochre Bio
    Interim Chief Financial Officer
    Ochre Bio Nov 2020 - Present
    Oxford, Gb
    We use genomics to find and shut down over-active genes driving disease and then go directly to testing our therapies in discarded donor livers that we keep alive outside of the body.Our approach makes us better, cheaper, and faster than traditional drug discovery
  • Fosterwade Ltd
    Financial Director
    Fosterwade Ltd Apr 2020 - Dec 2020
    Oxford, Gb
    Fosterwade exists as a commercial accounting consultancy to maximise cash preservation and profits for SMEs in life sciences and technology businesses. Fosterwade helps those companies who can't pinpoint what is working well and what is not in their business and those organisations that are missing that important business plan to identify the pathway to their success.Businesses are busy places, they don't always have complete control over how money is spent and can't always see the business risks lurking around the corner.Fosterwade can professionalise systems of performance reporting, controls over assets and improve cashflow. Specialisms include budgets and forecasting, raising funds, employee incentive plans, commercial contracts negotiation and managing external advisers.Currently supporting pre revenue biotech SMEs researching inflammation pathways and fatty liver disease. Open for further new part time opportunities.
  • Barbican Logistics
    Group Controller
    Barbican Logistics Nov 2018 - Apr 2020
    Cambridge, Gb
    Barbican is a multinational, logistics company specialising in the life sciences. Serving Europe with 70 employees. Specialising in cold chain and clinical trial transportation support. I was brought in to professionalise control, planning and reporting systems and prepare the business for sale.• Full responsibility for management accounts, FP&A and staff management• Accountable for commercial pricing negotiations, contracts and control and reporting policies• Managed facilities, IT, quality assurance and HR functions• Professionalised systems, including reporting, planning, and control, for £7m and 70 employee group to support planned doubling of turnover in 3-5 years• Developed management information to highlight profitability trends, leading to refocusing resources to higher margin business. Produced unit cost reports, used to successfully negotiate prices rises of 5-6% • Implemented management information improvements which led to a better understanding of the cost base, value drivers and relative performance between European group subsidiaries • Designed and implemented a 5-year strategic plan to demonstrate a growth plan to potential investors • Analysed and standardised accounting best-practices across Europe, resulting in quicker consolidation and better performance comparisons between group subsidiaries• Hired additional staff and built new finance teams to bring finance reporting in house. This provided greater control over the timing and quality of financial information, as well as reduced costs • Led regular sales, asset, and executive meetings, meaning urgent corrective actions were taken
  • Doublewing Pharma
    Director Of Finance And Operations
    Doublewing Pharma Aug 2016 - Nov 2018
    Double Wing is a internationally focused medical device supplier start up, specialising in consumable devices for bladder pain, cataract operations and joint injuries. I was brought in to build a financial support platform to launch multiple medical devices in the UK and Europe.• Responsible for building control, financial planning and management reporting processes from scratch• Accountable for all legal affairs, administrative matters and commercial partnerships• Developed a £50m+ global medical devices and cosmetics sales trading platform• Upgraded Xero accounting software to Exact ERP system to ensure scalability of the business• Designed and implemented plans to launch five new products between the UK/EU and China and secured supply agreements and distribution partnerships across Europe and Asia• Secured £1.4m follow-up funding from investor through building confidence with transparent reporting of financial position, performance and future cashflows
  • Nhs, Oxford Academic Health Science Network
    Head Of Finance
    Nhs, Oxford Academic Health Science Network Mar 2014 - Aug 2016
    Oxford, Gb
    The Oxford AHSN is a NHS Directorate, set up to deliver a cross-disciplinary change programme for the NHS, promoting best practice and innovation adoption in healthcare. I was employed to set up control, planning and reporting systems for the roll out of major health initiative programmes• Responsible also for making sure scarce resources were allocated for maximum return• Successfully managed annual budgets up to £5m, • Led major procurement tender process for a £200,000 training contract• Implemented a wide-ranging forecasting and planning process for £15m budget.• Led root and branch 5 year strategy review to deliver against nationwide health targets.
  • Fosterwade Ltd
    Portfolio Finance Director
    Fosterwade Ltd Aug 2013 - Aug 2016
    Oxford, Gb
    Fosterwade was set up to deliver bespoke services to ensure financial health, prosperity and growth to its clients.• Produced 3-year strategic plan, secured venture capital of £2m for a biopharmaceutical start-up • Brought in by a construction company to professionalise management reporting and turnaround poor profitability and cash drain. • Recruited to prepare statutory accounts for USA public listing.• Engaged to finalise 4 years of open tax returns.
  • Oxagen Limited
    Finance Director
    Oxagen Limited Aug 2004 - Jul 2013
    Gb
    Oxagen is a pre revenue, VC backed biotech R&D, researching immune inflammatory diseases. I was engaged to manage the restructure of the support systems for a transition from a genetics focused company to a drug development business and support the business through to planned exit. • Responsible for equity sourcing, acquiring $90m of venture capital equity for biopharmaceuticals company specializing in treating anti-inflammatory and respiratory disease• Implemented and managed a £70m drug pre-clinical and clinical development strategy, and responsible for budget planning and management • Secured venture loans and additional bridging finance and a successful £2m Biocatalyst grant • Negotiated out-licensing deal of $2m, in-licensing contract and trade sale head of terms
  • Healthgain Solutions Limited
    Interim Finance Director
    Healthgain Solutions Limited Jan 2003 - Jul 2004
    HGS provide nursing and sales teams to large Pharma partners• Achieved turnaround of finance function after the sudden departure of incumbent FD, preventing loss of bank and VC support and confidence, by re-establishing monthly reporting and cashflow forecasts • Drove strategies to reduce cash drain
  • Genzyme Limited
    Associate Director Of Finance
    Genzyme Limited 1995 - 2002
    Paris, France, Fr
    • Principal finance officer for a £25m division of a US-based leading biotechnology company specialising in rare genetic diseases and global sales of over $4b • Established commercial, high-growth business-unit, contributing up to £20m net profit to UK subsidiary• Led a multi-disciplinary team to integrate Medtech business as part of a $738m global acquisition• Created the 3-year strategic plan; secured support and investment from global HQ board • Part of the senior team launching six product lines into the NHS. Growing sales from £3m to over £25m in seven years and profit margins of more than 80%• Developed and executed a plan to create a start-up homecare division to overcome an escalation in paid-for nursing costs from a third-party provider, saving £2m+ annually• Built, mentored, and supported a developing team of accountants. Each became valued business partners across various business units

Paul Foster Skills

Managerial Finance Mergers And Acquisitions Management Strategy Finance Business Strategy Start Ups Budgets Financial Audits Strategic Planning Accounting Forecasting Risk Management Internal Controls Investments Restructuring Business Process Improvement Financial Reporting Financial Modeling Management Accounting Venture Capital Financial Accounting Budgeting Mergers Software Implementation Of Erp System Business Analysis Corporate Finance Consulting Project Management Management Consulting Change Management Leadership Business Development Company Restructure And Spin Out Of Ip To New Company Pivotal Roles In Raising Finance And Licensing Deals Company Acquisition And Integration Responsibility Conducting Board And Investor Presentations Cashflow Analysis Business Intelligence Small Business Corporate Governance Contract Management Financial Analysis Cash Flow

Paul Foster Education Details

  • The Open University
    The Open University
    Law
  • Nottingham Trent University
    Nottingham Trent University
    Economics
  • Cima
    Cima
    Cima Chartered Management Accountant

Frequently Asked Questions about Paul Foster

What company does Paul Foster work for?

Paul Foster works for Ochre Bio

What is Paul Foster's role at the current company?

Paul Foster's current role is Director of Legal, Corporate Affairs and Company Secretary.

What is Paul Foster's email address?

Paul Foster's email address is pa****@****4.co.uk

What is Paul Foster's direct phone number?

Paul Foster's direct phone number is (845) 528*****

What schools did Paul Foster attend?

Paul Foster attended The Open University, Nottingham Trent University, Cima.

What are some of Paul Foster's interests?

Paul Foster has interest in Science And Technology, Health.

What skills is Paul Foster known for?

Paul Foster has skills like Managerial Finance, Mergers And Acquisitions, Management, Strategy, Finance, Business Strategy, Start Ups, Budgets, Financial Audits, Strategic Planning, Accounting, Forecasting.

Who are Paul Foster's colleagues?

Paul Foster's colleagues are Kelly Tompeck Do, Yu Chen Chiang, Cho-Chin Cheng, Esther Arnaiz González, Jack Castle, Steph Barnett-Dean Acca, Ellen Yu-Ping Kuo Kuo.

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