Sprue Aegis plcGroup Financial Controller
Jul. 2008 - Mar. 2017United Kingdom, CoventryAn AIM listed public company with a reported turnover of £57.1m and net assets of £30.0m. Currently number of employees is circa 175 with 2 operations in the US and Canada. Market leaders in the European home safety products market, designers and suppliers of Smoke and CO alarms and connected homes product solutions.
• Annual Report and Interim Report, proxy / AGM letters for submission to all shareholders.
• Due diligence work on M&A opportunities, including integrated strategic modelling
• Financial Reporting monthly management accounts and Board Packs
• Production of Budget and Forecast for the Group including domestic and overseas subsidiaries
• Technical knowledge of new and adopted accounting standards
• Business partnering with other departments
• Serve as key contact with stakeholders, including the bank, auditors and investor relations
• Co-manage the Treasury Department and all foreign exchange hedging contracts
• Undertake and manage all FP&A for the business both UK and overseas
• Manage and nurture relationships with the finance team in the UK and Canada
Key Accomplishments
• Boosted staff productivity, automated procedures and controls, and strategic decisions monitoring by effectively handling the full implementation of the SAP Business One into the business prior to the merger
• Effectively implemented a month-end process with deadlines adhered within Finance; flash numbers (4 days), finance pack (6 days), pack review (7 days), and board pack (12 days).
• Increased accountability by producing financial regulations and procedures on controls documents.
• Proficiently generated a workable budget model for the group that greatly helped in Supply Chain Department’s forecasting and served as tool for Finance and Sales projections
• Management of tax position of the Group at half year and year end and implemented recommendations to the Group on reducing the tax charge, including the benefit of patent box and claiming R&D tax credits
• Successfully completed the transition of UK GAAP to IFRS (effective 1 Aug 2013) along with the production of transition documents to evaluate the impacts on full conversion to IFRS towards AIM admission. Also, successfully completed the transition of UK GAAP subsidiary accounts to FRS 101.
• Assisted in the preparation of the Bid Defence document
• Production of several integrated models for M&Q opportunities to a final presentation to Senior management including recommendations, financial impact to the Group, synergies and valuation models for acquired Company
• Involved in the IPO transition to the AIM stock market