INTERIM MANAGEMENT

This website is sponsored by Service Industry Support ("SISL"), whose Director, Brendan Connolly has undertaken numerous financial Interim Management projectsfor clients over the past twenty years.

Examples of interim management projects completed by Brendan include:

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ENGINEERING EMPLOYERS FEDERATION ("EEF”)

Undertaken three assignments for EEF, a not for profit organisation. In Q2 2008 reviewed the business plan to restructure an underperforming business unit of EEF in Sheffield. Identified key limitation related to inflexible client contracts, unsuited to EEF’s commercial objectives. In Q1 2010 assisted the Financial Controller with preparation of statutory accounts and audit. Currently developing a Finance Manual for the newly integrated entity, after reviewing the control environment, especially the IT systems access security controls.

 

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INTERIM FINANCE DIRECTOR - SEXUAL HEALTH ADVICE CHARITY

Four month assignment evaluating financial reporting systems and controls.Also reviewed IT and property needs. Identified key control weaknesses of inadequate review of service level agreements pre signing and monitoring of compliance post signing. Resolution actions included introduction of a contract review form and identifying the need for review of non financial databases which were inadequately maintained and controlled.

 

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INTERIM FINANCE DIRECTOR - CONSULTANTS, OIL & GAS INDUSTRY

Retained to advise on improvements in working capital and financial controls in loss making consultancy. Took over running of UK and Group finance functions following resignation of Finance Director. Investigated the Group’s financial position and wrote a report to secure continued support from the Group’s bankers. Participated in identifying and effecting significant overhead reductions in UK operations. Implemented process changes to achieving a reduction in UK debtors and work in progress which generated cash in excess of £0.5 million. To support turnaround of the business, implemented integrated accounting and management information and bespoke job control & invoicing systems. Resolved complex international tax issues. Implemented improvements in financial control and common reporting standards worldwide.

 

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INTERIM FINANCIAL CONTROLLER – UNIVERSITY

Initial role was to restore financial control by implementing timely and accurate management reporting for £ 40 million turnover "new" university. Assignment extended to provide continuity whilst both Finance Director and Financial Controller recruited. Researched and implemented a new reporting standard ("SORP") for universities, as part of managing the year end close.

 

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INTERIM FINANCE DIRECTOR - INTERNATIONAL MUSIC DISTRIBUTORS

Brief to unravel control failures and fraud for international music distributors.  Evaluated systems used by both the client and their distributors in Europe to control inventory and cash.Implemented effective controls and led recovery of £1 million misappropriated cash.

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INTERIM FINANCE DIRECTOR - GERMAN RECORD COMPANY

Restored financial control and eliminated significant losses by introducing effective management controls and relevant business planning  in £ 5 m business.Supported the UK holding company in assessing options and concluding a sale of the company to the Managing Director, thereby saving the investor £ 1 million.