CV :: Bosworth Business Management

Strong track record of transformational change and turnarounds in retail, manufacturing and service based businesses. Hands-on experience in mergers, business combinations and reshaping business processes, including implementation and dissolution of shared service centres. Innovative and adaptable style focused on developing and improving business performance often to tight time scales. Effective communicator with strong interpersonal skills and good cross-functional experience.

Professional Experience

Company		Role	Sector	Turnover
Bosworth Business Management	2003-	Senior Finance Director	Various Sectors	£2m-£40m
VirtualFD	2001-2003	Senior Finance Director	Outsourcing	£1m-£200m
Central Trains	1999-2001	Finance Director	Transport	£250m
Accenture	1997-2001	Senior Manager	Shared Services/Change	£500m
T&S Stores plc	1995-1996	Finance Director	Retail	£500m
Halfords (Boots Group plc)	1991-1995	Chief Accountant	Retail	£400m
H. Samuel	1989-1991	Asst to Finance Director	Retail	£250m
Sears Group plc	1988-1989	Retail Accountant	Retail	£190m
KPMG	1983-1988	Audit Senior	Professional services	£50m

Areas of Expertise

Turnaround & Financial Management	Building and delivering robust turnaround plans, including restructuring requirements, segmental business analysis and presentation to stakeholders Securing of ongoing banking support Delivery of business restructuring and cost reduction Tactical cashflow planning and management Implementation of strict controls and costs management Strategic planning, business planning and modelling, commercial advice and negotiation Managing and mentoring in-house teams
Change Management & Shared Service Centres	Implementation of step change and continuous improvement initiatives, leading to reduction in staffing via tight controls, process improvement, re-engineering and best practice Planned integration of Amoco upstream finance systems into the outsourced BP finance function in Aberdeen Development of outsourced solutions for global Business Process Management (BPM) offering Design of payroll solution and selection of external provider on $21 million project to deliver European Accounting Service Centre
Business Combinations & Disposals	Preparing a leasing business for sale, from previously qualified accounts (57% error rate in asset data and £9m accounting error) to robust financial information and controls leading to a successful sale Management of due diligence processes – £15m to £190m businesses Integration and relocation of Finance and Administration function of newly acquired subsidiary, closing down local offices on time and on budget Merging of professional membership organisation with likeminded business
Stakeholder Management	Working with various banks’ specialist lending teams on turnaround client work Taking finance lead on a sales transaction working with legal advisors and merchant bankers Renegotiation of banking facilities and management of transition to new bankers Managing relationships with other external advisers such as legal advisers, auditors, tax specialists and bankers

Record of Delivery

2003 –	Bosworth Business Management Limited
Brief	Own business targeted at providing Freelance Finance Director support to the SME sector, tailored to the clients individual needs
Delivery	Working with banks, professional firms and other stakeholders to deliver successful turnarounds for example in the cutlery, paper products and services industries Strategic advice and support to owners and management teams providing robust forward looking management information on a timely basis Producing segmental analysis of a business to fully understand profitability Implementation of improved controls, cost reductions and raising of new finance, for example £6.5m of Venture Capital funds Supporting acquisitions and disposals, from due diligence management, through integration, and restructuring Reshaping and guiding senior management teams

2001-2003	VirtualFD
Brief	Senior Finance Director responsible for shaping the business model of this outsourcing business as well as acting as Senior Finance Director for a number of the larger clients
Delivery	Won two major contracts with FTSE 100 business Successful sale of an ailing vehicle leasing business Transformation of an engineering service business, addressing a £90m historical income gap within one year, and one third reduction in staffing levels along with process re-engineering Finance lead on a £9m systems implementation

1999-2001	Central Trains Limited (Part of National Express plc)
Brief	Brought in to head up finance, IT and procurement in this franchise
Delivery	Implemented strict controls to offset lost business and reducing Government grants Delivered Business Plan justifying £74m investment in new rolling stock, and supported MD in negotiation of five year contract for train maintenance worth £76m Led investigation into creation of shared service centre, resulting in improved best practice Re-organised the Finance and IT teams reducing headcount by 25% Championed Y2k compliance within the business, and liaised with the rest of the rail industry

1997 -1999	Accenture (formerly Andersen Consulting)
Brief	Initially as Change Manager on a large outsourcing contract and then designing outsourcing and shared services solutions for clients
Delivery	Developed commercially attractive solutions with benefits for clients and returns for the firm Led change team, benchmarking, implementing step change and continuous improvement initiatives, reducing head count via process improvement and implementation of best practice Led controls project enabling transfer of outsourced responsibilities back to Sears PLC before flotation of Selfridges

1995-1996	T&S STORES plc
Brief	Modernise the finance function, renewing systems, controls and reducing costs
Delivery	Integrated the back office for a new acquisition with negligible increase in staffing Reduced headcount by the design and implementation of robust controls and automated systems dealing with store takings and control of capital projects

1991-1995	Halfords Limited (part of the Boots Group plc)
Brief	Establish financial controls, improve systems and reporting and reduce margin erosions
Delivery	Improved control of gross margin yield by £2.5m and secured £1.2m VAT refund Led complete review and renewal of accounting and control procedures throughout the organisation, introducing new working practices and reorganised the finance team

Qualifications

1987	Fellow of the Institute of Chartered Accountants in England and Wales
1985	Aston University, BSc. (Hons) Managerial and Administrative Studies