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Ian Richards is a seasoned finance professional with a strong background in strategy, management, and leadership. Holding a Bachelor of Commerce (BCom) in Accountancy and Finance from the University of Birmingham, Ian has developed a unique blend of technical expertise and business acumen. Throughout his career, he has successfully led various finance teams and organizations, delivering results-driven solutions and driving growth through effective financial planning and management. With expertise in areas such as budgeting, forecasting, financial reporting, and auditing, Ian is well-equipped to provide strategic guidance and support to businesses seeking to optimize their financial performance.

Experience

  • IDR Consultants Ltd
    • Worcester, United Kingdom
    • Owner
      • Jan 2014 - Present
      • Worcester, United Kingdom

      Helping your business head in the right direction.Working together, we:◼ Sit down for a conversation about your business ◼ Analyse the numbers to reveal where your business is ◼ Create a robust plan to create future growth ◼ Action the planThe key to success is knowing where you are heading and being able to change course if you need to.If you don’t feel as though you are in control of the numbers; if you don’t know whether you are working on the right things, or if money is slipping through your fingers, then you need a Finance Director to point you in the right direction.IDR Consultants provides businesses with the services of an experienced outsourced FD working on a part-time basis providing as much or as little support as is needed.Whether it is taking your vision of the future and putting the plans together to achieve them, showing where the business is (or is not) making profits, reviewing costs, freeing up working capital, sourcing funding (if required), you have the support of someone with the knowledge and experience you need.Becoming part of your business, providing realistic, pragmatic, adaptable and proactive support, insight, and information that will help your business succeed. Recent assignments include working with:A fish processing facility looking at scenario planning.A construction projects group, project managing the merger of UK companies.A window component manufacturer on business planning and reviewing investment options.A transport conveyor solutions provider to produce meaningful management information and helping with the sale of a service division.A waste management solution provider on introducing management reporting and reviewing whether to sell kit or provide the solution as a service.A travel business to provide meaningful management information, highlighting low profit but “high maintenance” areas.If you are spending your time working In the business rather than working On it, then IDR Consultants can help.

  • Financial Eye Limited
    • Worcester, United Kingdom
    • Associate
      • Sep 2015 - Dec 2020
      • Worcester, United Kingdom

      Working with legal firms to help with their compliance with SRA Accounts Rules 20111Financial Eye works with firm’s all over the country to provide support to Compliance Officers ensuring adherence to Outcome Focussed Regulation, Code of Conduct and specifically the SRA Accounts Rules 2011 and protecting Client Money.The services include COFA plus which incorporates all of the recording and reporting elements of the SRA Accounts Rules, but will also assist you to ensure the effective financial management of your firm. COFA plus is designed to compliment the existing suite of services currently provided by Legal Eye.

  • Ovivo
    • West Bromwich, West Midlands
    • Director of Finance
      • Jun 2008 - Oct 2013
      • West Bromwich, West Midlands

      Director of Finance responsible for UK, EMEA and Asia Pacific RegionsMunicipal and Industrial Clean Water Solutions Contractor Turnover £130MReporting to Group CFO Supervising 10 Divisional FCsKey Achievements:• Increasing company-wide awareness of Working Capital leading to reductions in excess of £2m (12%).• Merger and relocation of UK Finance Departments to West Midlands (reducing dept. cost by 50%).• Amalgamation of 4 UK entities into 1 and restructure of UK business.• Conducting group restructuring and cost reduction programmes.• Implementing Syteline ERP system in the UK and Spain.• Gaining Bill 198 compliance (Canadian equivalent of Sarbanes Oxley).• Consolidating Pension Schemes (Auto Enrolment ready) and reducing cost through Salary Sacrifice.• Working with HR to produce and refine policies and procedures. • Overseeing amalgamation of 2 Austrian entities into 1.• Overseeing move from GAAP to IFRS reporting.• Dealing with Banks, Auditors, HMRC and Pension Fund Trustees.I joined the Company (then Eimco Water Technologies Ltd) as Finance Director of the UK Municipal Division and Spanish Entity (circa £30M turnover).Following the acquisition by GLV of the Christ Water Technology Group, the global water business was rebranded as Ovivo. I played a key role in the restructuring and amalgamation of the 4 UK entities. The combined company being put under my financial control (circa £60M turnover).Following further global restructuring I was gradually given responsibility for an additional 8 entities in EMEA and Asia Pacific (turnover circa £40M) and for the global energy revenues (turnover circa £30M).I worked extensively with finance teams and senior and local management to support business decision making. Helping achieve the goals of the organisation as a whole with the focus on profit improvement and working capital management.Strategic review of businesses, leading to changes in or closure of entities where required.

  • Triplex Components Manufacturing
    • Stratford upon Avon, Warwickshire
    • Financial Controller (Short Term Contract)
      • Aug 2007 - Jun 2008
      • Stratford upon Avon, Warwickshire

      Automotive Component Manufacturers Turnover £60MReporting to Finance Director Supervising a department of eight peopleMonthly accounts production, forecasting, budget analysis and maintaining KPI’s.

  • TSG
    • Alcester, Warwickshire
    • Regional Finance Manager
      • Aug 2004 - Jul 2007
      • Alcester, Warwickshire

      Computer Software Consultants & Resellers. Turnover £5MReporting to Managing Director Supervising a department of four peopleKey Achievements:• Production of information required for the sale of the Company.• Integrating Company with new Parent Company.• Assisting with the implementation of regional structures and group wide procedures.• Assisting the acquisition of satellite company and integrating into the region.• Implementing Microsoft Navision computer system.• Deputising for Regional Managing Director.

  • Weston Beamor
    • Birmingham, West Midlands
    • Finance Director
      • Jul 2000 - Jul 2004
      • Birmingham, West Midlands

      Jewellery Manufacturer Turnover £11MReporting to Managing Director Supervising a department of five peopleA member of the Operational Board with responsibilities for Finance and IT.Key Achievements:• Introduction of Monthly reporting and KPI's.• Introducing costing system, identifying profitability of products and customers, allowing for the promotion of higher margin products and cutting of non-profitable lines.• Developing pricing structure, stabilising fluctuations due to daily changes in metals prices.• Reducing Working Capital by improving debt collection and stock turnover.• Introducing an IT Network allowing information sharing.• Helping to develop existing Unix mainframe and leading the project to replace this system.

  • TUI Travel PLC
    • Leamington Spa
    • Finance Manager (Short Term Contract)
      • Sep 1999 - Jun 2000
      • Leamington Spa

      Travel IndustryReporting to Head of Finance - UK Retail DevelopmentThis assignment related to the Group’s plans to expand by acquiring independent travel agencies. Including production of three year financial plans and resolution of post acquisition issues.

  • Dowty Aerospace Hydraulics
    • Cheltenham, Gloucestershire
    • Financial Controller (Short Term Contract)
      • Jul 1999 - Sep 1999
      • Cheltenham, Gloucestershire

      Aerospace Component Manufacturer.Reporting to Acting Finance Director.This contract was in order to help the acting Finance Director during a transitional period.

    • Finance Director
      • Dec 1991 - Jun 1999
      • Walsall, West Midlands

      Automotive Component Manufacturer Turnover £10MReporting to Divisional Managing Director Supervising a department of five peopleA member of the senior management team with responsibilities for Finance and IT.Key Achievements:• Involvement in Kaizen and cost reduction programmes in partnership with customers.• Accounting for merger and de-merger of fellow subsidiary companies.• Project management of the implementation of a new IT system.• Involvement with HR, introducing updated Employee Contracts and Handbook.• Streamlining Group reporting for monthly and annual reports, budgets, strategic plans and American parent company reports.• Production of information required for a Management Buy Out.

  • KPMG UK
    • Birmingham, West Midlands
    • Audit Manager
      • Sep 1986 - Dec 1991
      • Birmingham, West Midlands

      Key Achievements:• Involvement in audit, tax and accountancy for a wide variety of clients including engineering plc’s, solicitors, abattoirs and trade associations.• Involvement in running and aiding in-house training course.

Education

  • 1983 - 1986
    The University of Birmingham
    Bachelor of Commerce (BCom), Accounting and Finance
  • 1981 - 1983
    Hereford Sixth Form College

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