Stephen Drain Email & Phone Number

Huddersfield, United Kingdom

Recruited to review the balance sheet and identify current and potential problems following a major stock loss by the subsidiary organisation of this electrical products manufacturer.Highlighted a number of serious accounting errors and fundamental operational issues.Provided direction and training to existing staff, and developed systems and processes to ensure proper control and reliability of accounting systems.

Weybridge, Surrey

Responsible for consolidating and reporting the performance of 30 operating and 5 head office companies to divisional and group management. Played a major role in the replacement of separate management and statutory accounts models with one single reporting model using Hyperion Enterprise Software, which resulted in improved information and reduced reporting time. Developed a model for reporting the annual strategic review.

Global Role

Responsible for - completing internal audits for subsidiaries spread over North America, Europe and Asia.- identifying and reporting on financial and operational control issues and risks and agreeing with subsidiaries, actions and timescales for improvements.- promoting best practice throughout the group.

Pembroke, Wales

Appointed by parent company, TT Electronics plc to take on Finance Director role at this failing subsidiary, with a manufacturing base in the UK and a distribution company in the USA.Played a key role in turning a £500k operating loss into £750k operating profit through selectiveoutsourcing of product to Far East, reducing fixed costs and identifying opportunities for growth.

Ashford, Kent

Responsible for the Finance and IT function of this TT Electronics plc subsidiary, providing business planning and quality reporting information to local and divisional management.Recruited and trained new finance team, and developed clear procedures, controls and information systems when subsidiary became self-accounting.Led the implementation and roll-out of a new ERP system (Sage Line 500); with overall responsibility for justification of the project, development of system… Show more Responsible for the Finance and IT function of this TT Electronics plc subsidiary, providing business planning and quality reporting information to local and divisional management.Recruited and trained new finance team, and developed clear procedures, controls and information systems when subsidiary became self-accounting.Led the implementation and roll-out of a new ERP system (Sage Line 500); with overall responsibility for justification of the project, development of system specification and purchase of the system.Played a major role in the acquisition of a competitor. Show less

Enfield

Privately owned manufacturer and distributor of die-cast models T/O £15m. Reporting to the Finance Director, developed the company's management information systems to improve the quality of reporting and guided management to a better understanding of cost drivers and thier impact on profit.Key role in the implemenbtation of an ERP system.

Uk

Supplier of building materials with a T/O in excess of £2bn. Businesses included retail, mineral extraction and ready mixed concrete. Reported to the Group Audit Manager, was involved in completion of internal audits and reporting to business units and Group Management on accounting and operational controls issues. Also involved in various operational secondments and special projects e.g. the the disposal of a business to a competitor, acquisition and integration of a new business.