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C. Bartholomew Associates Ltd. |
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Financial Consultancy and Implementation |
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Achievements |
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Financial control and cash management |
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Developed and introduced prompt and more relevant accounting and management information system & controls for National Car Auctions (Unigate subsidiary). |
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Recognised urgent need for and brought about drastically improved accounting and control in £4.5bn company, generated line management involvement. |
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Led achievement of Royal Mail £200m + cash flow target for 18 business units. |
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Led project to improve Royal Mail Group balance sheet and cash flow budgeting, reporting and forecasting. |
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As new finance director of £80m housing association with cash crisis, improved financial reporting, forecasting and management leading to restored confidence of bank, large lenders and Housing Corporation, and continuing survival and growth. |
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Set up and led working parties to rebuild financial and operating systems of loss-making £29m vending company. Break-even achieved within one year. |
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“Minded” small metals subsidiary approaching receivership for large group. |
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Established financial position of paints company in difficulties, for shareholders. |
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Led project team - marketing, operational, personnel & communications, on major strategic review of evening delivery and other radical service changes, affecting most Royal Mail Group businesses. Lessons learned now being used. |
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Led project to convert Royal Mail and Parcelforce into Companies Act companies - funding, employee, legal, tax, accounts and logistics implications. |
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Represented Post Office on finance aspects of Postal Services Act, instrumental in getting several changes made to improve it, including setting up new loan arrangements and enabling effective restructuring of £4bn balance sheet. |
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Germany / UK / USA tax scheme for GKN, increased group earnings. |
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Sorted out Royal Mail Group international subsidiaries ownership & funding structure. |
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Negotiated with DTI advisers on £2bn balance sheet structure for Royal Mail Group. |
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Investigation and c.£200m funding arrangement for GKN bid for Royal Ordnance. |
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Investigated, negotiated and arranged successful bid for quoted company BVI |
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Set up first ever large scale joint venture for The Post Office - sold 49% of £80m PO catering operation Quadrant (5th largest in UK), to Granada, making £21m profit. Handled significant personnel concerns and corporate internal friction. |
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Prepared start-up business plan with partners for high tech. security system, adopted by national venture capital agency, but project taken over by major PLC. |
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Sold loss-making US and French vending operations for more than net asset values. |
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GKN defence sector strategy, and £48m acquisition of 22% of Westland Group. |
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Set and negotiated with Postcomm (regulator) strategy for new regulatory accounts basis for Royal Mail Group, as well as planning practicalities of preparation and audit |
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