Ken McGill
Non Executive Director at PARK CAKES LTD- Claim this Profile
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Bio
Experience
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PARK CAKES LTD
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United Kingdom
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Food Production
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1 - 100 Employee
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Non Executive Director
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Apr 2017 - Present
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Portfolio of three food businesses
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London, United Kingdom
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Group Chief Financial Officer
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Jun 2009 - Apr 2017
CFO at a portfolio of three food businesses acquired by Vision Capital from Northern Foods plc: Addo Food Group (formerly Pork Farms); Park Cakes; and Fletchers Bakeries. Original turnover/EBITDA £338m/£2.7m in 2009, increased to £570m/£35.3m run rate. The businesses were disposed of separately for total gross proceeds of £184m. Fletchers was sold in October 2014, Addo Food Group in April 2017 and Park Cakes was subject to a MBO in March 2017 (in which I am shareholder). CFO at a portfolio of three food businesses acquired by Vision Capital from Northern Foods plc: Addo Food Group (formerly Pork Farms); Park Cakes; and Fletchers Bakeries. Original turnover/EBITDA £338m/£2.7m in 2009, increased to £570m/£35.3m run rate. The businesses were disposed of separately for total gross proceeds of £184m. Fletchers was sold in October 2014, Addo Food Group in April 2017 and Park Cakes was subject to a MBO in March 2017 (in which I am shareholder).
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Owner
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Oct 2008 - May 2009
Interim assignments in cash management, reconstructions, turnarounds, financial management Interim assignments in cash management, reconstructions, turnarounds, financial management
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Finance Director
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Sep 2006 - Sep 2008
Main Board Group Finance Director specialising in turnaround execution, downsizing, new system introduction and cash management Main Board Group Finance Director specialising in turnaround execution, downsizing, new system introduction and cash management
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Group and UK Finance Director
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Aug 2002 - Feb 2006
Group Finance Director, specialising in turnround and rationalisation, increasing annual profit from £46m to over £90m. Interim CEO for the financial services and the three european entities for 6 months. Group Finance Director, specialising in turnround and rationalisation, increasing annual profit from £46m to over £90m. Interim CEO for the financial services and the three european entities for 6 months.
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Company Secretary and Group Financial Analyst
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Sep 1989 - Jul 2002
Introduced fastest ever reporting for a UK listed plc at Kwik-Fit. Set up analyst and fund manager programs. Reduced tax rate through tax efficient planning. Ran treasury function. Executed major acquisitions. Introduced fastest ever reporting for a UK listed plc at Kwik-Fit. Set up analyst and fund manager programs. Reduced tax rate through tax efficient planning. Ran treasury function. Executed major acquisitions.
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Audit Manager
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Aug 1980 - Aug 1989
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Education
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Heriot-Watt University
BA Hons, Accountancy and Finance