Finance Director
Olivehorse Consulting (Part Of Pwc From February 2022)
Coventry, United Kingdom
Supply chain planning software consultancy, specialising in SAP and Anaplan technologies, providing advice and implementation services to large international businesses in the FMCG, telco, pharmaceuticals, energy and manufacturing sectors.Engaged as Finance Director, to develop a high performing finance function, improve budgeting, forecasting, reporting and working capital to support growth, international expansion and transaction readiness. ▪️ Improved billing and cash collection processes, reduced overdue debt by 82%, achieved debt free position within seven months and increased net cash by 300% within 18 months during a flat trading period.▪️ Developed flexed forecast model to manage revenue, consultant utilisation, costs, profitability and cashflow in uncertain trading conditions, informing key decisions including resourcing and shareholder remuneration levels.▪️ Negotiation with prospective buyers and management of due diligence processes for sell-side mandates.▪️ Formed a group structure and established overseas subsidiaries in South Africa and France to meet new customer requirements, international business development ambitions and opportunities.▪️ Successful management of a diverse group of owner directors, building confidence, transparency and managing expectations in relation to business performance, shareholder returns and equity value.▪️ Key member of the team in the sale of the company to PricewaterhouseCoopers. Supported the sellers in discussions with multiple interested buyers, buyer shortlist creation, interview and appointment of M&A adviser, managed all financial, tax and legal due diligence, warranties and disclosures, successful integration of finance/tax workstream working with PwC colleagues to achieve agreed sale completion deadline.▪️ Designed new profit share scheme, rewarding staff relative to company performance, recognising individual achievement, loyalty and responsibility, maintaining fairness and equality across the team.