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The Coleman Cross Blog

Archive for April, 2010

Financial Controller

Our Client, part of a global household name business has achieved an enviable and consistent record of year on year growth.  This growth combined with a restructuring of their finance team and the implementation of a new state of the art ERP system has resulted in the need for a high financial controller.

Reporting to the CEO with a dotted line responsibility to Group, the appointee will manage a small but highly capable and committed finance team. Responsible for developing systems and ensuring group reporting is conducted in a timely and effective way, a significant part of the role will encompass the commercial analysis and interpretation of financial information and particularly the provision of critical KPI’s to the management team.

Candidates will be qualified accountants (ACA, CIMA or ACCA) probably with a professional practice background and with significant recent experience gained as an FC or Senior Finance Manager in a medium to large sized organisation.  An appetite for change together with the ability to adapt to cultural nuances is essential.  

This position is now filled

Tenon to step up to main market in May

Tenon to leave AIM and join the big league on the main market

Written by Gavin Hinks

Accountancy Age, 28 Apr 2010

Top ten accountancy business Tenon will become the first practice to list on the UK’s main share market at the end of May.

A regulatory statement issued by the company this morning announces that trading of Tenon’s share on the Alternative Investment Market (AIM) will cease on 27 May and that trading on the main market of the London Stock Exchange is expected to take place simultaneously.

Tenon expects to publish a prospectus for the main listing shortly before before it goes ahead.

An announcement in December 2009 revealed that Tenon was heading towards a main listing this year.

Despite good financial results there has been some disappointment at the performance of Tenon’s shares on AIM.

Interim results recently published showed profits up to £8.8m for the six months to December last year.

December also saw Tenon wrap up the acquisition of Bentley Jennison which took the business into the RSM international network.

Tenon has not been without controversy. It was recently fined £700,000 by the Financial Services Authority in relation to advice given for the sale of structured financial products.

Demands made for 6p income tax hike

National Institute of Economic and Social Research says the basic rate of income tax to be raised by 6p in the pound

Accountancy Age, 30 Apr 2010

Calls have been made by an influential think tank for sweeping tax hikes to be made.

The National Institute of Economic and Social Research said the basic rate of income tax to be raised by 6p in the pound.

“Further fiscal retrenchment is necessary just to lower government borrowing to below 3 per cent of GDP by 2020,” the NIESR said.

“On the baseline we assume it is achieved through income taxes rising by an equivalent of six pence in the pound on the basic rate. VAT receipts will be held back by weak consumption and higher saving.”

The body also called for the zero rate of VAT to be scrapped on everything except for food and children’s clothes.

It will take at least another £15bn of spending cuts will be required to fix the public finances , the body said.

Financial Director Designate

Our Client is an SME and a leading IT services business which has been established for ten years and grown annually by 15-20% for the last five years. Strong growth prospects and a recent refinancing has resulted in the need for the business to recruit a commercial senior finance manager to report to the Managing Director.

Responsible for a small, highly professional team of eight, you will manage Finance and internal IT. You will oversee the production of monthly management accounts, annual financial accounts, budgets, forecasts and variance analysis. You will also manage an IT department that runs an ERP system and reporting tools and supports the internal business. You will be the main point of contact for external investors, the banks and other professional advisors including their auditors.

You will be a qualified accountant (CIMA, ACA or ACCA) with previous experience gained in a business to business environment. You will have experience of Sun Accounts and will be in a Financial Controllers or Finance Directors role at present. Previous experience of dealing with external investors would be an advantage.

This role is now filled

Group Head of Business Planning and Analysis

Our Client is an established and profitable service business with multiple product lines and a dynamic and well-qualified senior management team. Recent restructuring of the commercial finance team has resulted in the need to recruit for this new role reporting to the Group Financial Controller.

Responsible for driving the annual and three yearly business planning process you will be managing a team of two qualified and one part qualified accountants. You will oversee the monthly analysis of significant balance sheet and P&L variances providing the senior management team with meaningful commentary.  Liaising with operational and sales managers throughout the business you will be required to provide commercial insight service line by service line and will be presenting on a regular basis to the operations board.

You will be a qualified accountant (CIMA, ACA or ACCA) possibly with an MBA. You will have worked in a service, leisure, retail or FMCG environment and possess excellent business modelling skills. Experience of using both SAP and Cognos or Hyperion is essential.

This position is now filled

Financial Controller/Senior Finance Manager

A qualified ACMA, this candidate has excellent experience of senior finance roles in a variety of healthcare organisations – both private and public sector and previously in manufacturing and service. She is adept at setting strategy particularly in start-up or turnaround situations and is available both as an interim or permanent.

She has managed a range of professional teams and thrives well under pressure. Her strengths are both driving out unnecessary costs, managing systems (SAP, Sun, Oracle, Pegasus, Sage Line 50) and computer modelling using advanced Excel macros.

Looking for her next challenge the role is likely to be a senior finance role with a fast moving organisation – possibly in the health sector. If it is an interim role, there must at least be reasonable prospects to a permanent position.

If you are interested in finding out more about this candidate or in meeting her please contact Peter Coleman on 07711 022208 or email him at peter@colemancross.co.uk

Financial Controller/Director

A qualified FCCA, this candidate has worked loyally and consistently in high profile, brand led businesses (food, drink and retail) as a commercial Financial Controller. He has outstanding experience of supply chain and of dealing with all major multiple retailers.

Within his most recent role as Financial Controller, he has been integral to building a strong internal control environment, as proven by five consecutive exemplary audit reports, with a minimum of accounting or control issues. An excellent line manager, he consistently receives very positive formal feedback from his team.

He has recently developed full Balance Sheet, Cash Flow and core KPI reporting to complement existing brand P&L reporting, and has also developed processes and solutions to meet group reporting requirements. He has also introduced new processes to achieve full P&L, Balance Sheet and Cash flow management group reporting on day 2.5. His finance systems experience includes JBA and SAP.

Now he is looking for a senior Controller role with prospects to FD or for an FD role. Company size is not important.

Please contact Peter Coleman on 07711 022208 or peter@colemancross.co.uk

Remote working is this our future ?

It is now the norm that today’s working environment demands instant access to key business data and the emphasis falls on IT systems and software developers to be able to provide this access in a secure and reliable fashion.

2010 has already seen the need for remote access heightened. The snow crisis at the beginning of the year brought many businesses to a standstill, and with employers unable to reach their places of work, many businesses severely suffered the strain of not having a remote working infrastructure in place. In addition, the volcanic ash cloud which left many workers stranded over the Easter period also caused disruption to the British economy. Today’s technological advancements can enable an ‘anytime/anywhere’ working philosophy, if  Organisations choose to invest in software capable of facilitating access to live systems from remote locations. But just how important do organisations view remote working to be and is it a priority, in particular for finance departments, to be able to work remotely? 

The benefits of remote working

The competitive nature of the working economy depicts that key decision makers need to have instant access to live, accurate information at their fingertips. Remote access can empower employees, enabling them to make informed decisions at anytime. This can be critical in today’s competitive business world, especially in a fast paced sales environment. Competent business software should not only facilitate remote working, it should also make it easier and be able to automate the delivery of essential and valuable information directly to a mobile phone or PDA device, providing a ‘snapshot’ of organisational KPIs. On another level, remote working also allows employees the attractive and flexible option to work from home, from a different office or location or even whilst commuting. From a green point of view, it has a positive impact on the environment encouraging reduced travel.

Financial Director

Our Client is a large and rapidly growing consumer goods business, importing goods from the Far East and Europe and distributing its products worldwide. Turnover last year was appraoching £50m and this year will exceed £57m. The imminent promotion of the CFO to the Group CFO role has resulted in the need to recruit an ambitious qualified accountant to run a small professional finance team.

Reporting to the CEO and with a dotted line to the Group CFO this role has responsibility for a team of twelve finance staff including three qualifieds and one part-qualified. The role carries responsibility for monthly reporting; overseeing financial planning and analysis and cash flow reporting; providing commercial advice to business managers; ensuring the accuracy and integrity of accounting information; statutory returns and company secretarial.

Candidates will be qualified accountants with experience of working in a controllers role in an fmcg, manufacturing or business services environment. Experience of statutory reporting and business analysis is essential.

This position is now filled

FINANCIAL CONTROLLER

TECHNOLOGY BUSINESS

To £55,000 plus benefits

Our client is an entrepreneurial, privately owned technology business operating at the forefront of its sector and with a very successful track record in the UK and internationally.  Key to the future growth of this exciting company is the creation of the new role of Financial Controller to challenge existing practices and then champion and drive through commercial changes across all areas of the business. The role is likely to suit an ambitious and personable high calibre qualified accountant with excellent analysis and computer modeling skills which will probably have been gained within a large professional practice before moving into a commercial role in a blue chip company.  This is an excellent opportunity for career progression and the chance to enjoy a high profile and pivotal role involving contact with all areas of the business including its overseas operations.

This postion is now under offer