Stephen Ray Email & Phone Number

Birmingham, United Kingdom

Private equity owned group that designs, manufactures and retreads tyres for commercial and military aircraft around the world.

Birmingham, United Kingdom

Significant number of successful disposals and acquisitions delivering shareholder value. Individual transaction values ranging up to c£170m.Transition from family ownership to private equity ownership in an £860m transaction (with management equity participation) introducing PLC-style disciplines in respect of corporate governance, financial reporting, treasury reporting and internal audit.Successful £220m re-financing returning funds to shareholders and complex financial restructuring including CVA, Scheme of Arrangement and c£300m Debt for Equity swap. Management and compliance with banking covenants including successful renegotiation of covenants to enhance headroom and the introduction of more effective forecasting processes. Negotiated post disposal working capital dispute reducing claim from £10m to £1m.Managed pension liability reduction exercise that reduced Company liabilities by c£9m.Developed reporting and forecasting processes to comply with private equity & banking requirements.Introduction of 13 week cash forecasting to improve liquidity management.Implementation of Hyperion consolidation & reporting system improving timeliness & quality of monthly reporting. Successfully established Group HQ in Birmingham incl. transition from Lincolnshire.

North London

A specific 6 month contract to prepare high technology business for IPO using PLC experience during an intensive period of “business readiness” and management of the Reporting Accountant processes.

Banbury

Key member of small team managing a disposal programme involving all the constituent parts of the Group, successfully returning funds to shareholders. Provided c25% premium on the share price compared to the start of the process.Enhanced quality of financial reporting within the Group, significantly improving the timeliness of financial information.Tight financial control during a divisionalisation process.Established Financial Controls Assurance procedures to satisfy the requirements of the Cadbury Committee and improved the quality of internal controls.As subsidiary FD established a computerised job costing system.Substantially improved business financial reporting and working capital management.Managed financial evaluation and subsequent control of an innovative project, which delivered enhanced profitability for the individual subsidiary.In group roles, delivered significant improvements in the consolidation process, foreign currency management and head office accounts.

West Bromwich

Consolidated monthly accounts, statutory financial accounts and budgets. Controlled head office accounts. Actively involved in the preparation of profit forecasts and defence documents relating to the hostile take-over bid for Metal Closures.

Birmingham, United Kingdom

Qualified as Chartered Accountant in 1986 – first time pass. Experience included audit, corporate finance work and accounting-based investigations.

Accountancy Studies, Pass Equiv 2.1

Education record

Education record