Wayne Clark

Group Financial Controller at Checkit
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Contact Information
us****@****om
(386) 825-5501
Location
Alton, England, United Kingdom, GB

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Experience

    • Netherlands
    • Advertising Services
    • 1 - 100 Employee
    • Group Financial Controller
      • May 2022 - Present

    • Spectator Sports
    • 1 - 100 Employee
    • External Consultant
      • Mar 2022 - Apr 2022

    • Senior Management Accountant
      • Jan 2022 - Mar 2022

    • United Kingdom
    • Information Technology & Services
    • 1 - 100 Employee
    • Group Financial Controller
      • Apr 2018 - Jan 2022

      Recruited to assist with a fast growth journey, year ended March 2018 turnover had grown from £2.3m to £7.4m whilst having no financial information and a single bookkeeper.This was a start from scratch job with full autonomy and recruitment responsibility. Three years later the growth was achieved, £32mil top line and I am managing small team of 4.Achievements• Application of accounting fundamentals, including finance lease recognition, correct recognition of revenues, intercompany charging, accruals concepts such as rent-free periods etc.• Month end reporting put in place within 5 months, in a completely new system.• Month end reporting & board pack structure provided within 5 working days of each calendar month end, without fail for last 2 years. • Payroll process and the external provider changed, to gain more control, better review and overall efficiency i.e. csv templates imported into accounts, removing paper payslips and manual payments.• Introduce budgetary processes, no budgets existed. Including much needed sensitivity analysis, break even calculations and various much needed analysis within a fast-changing business.• Formed a typical accounting function for a multi-currency, multi subsidiary group. Natural achievements followed such as improvement to debt control, working capital, training documentation etc.• Worked extremely closely with external auditors, given a first-year audit with opening positions and essentially two-year group consolidation was necessary. Clean report, little management letter points. Third year created in house,• Assisted with small company acquisition in August 2019, £2mil turnover, 20 staff.

    • Head of Finance
      • Jan 2016 - Apr 2018

      Managing a small team and reporting all group financial information directly to the owners of 3 group companies. Turnover of £10m+, over 250 staff and various divisional reporting. Recruited to improve systems and assist with sale of group which was successfully completed on 31 July 2017, to Whistl Ltd a large corporate with turnover of £600m. Role• Preparation of monthly management accounts with commentary thereon.• Prepare and present monthly board pack on PowerPoint.• Main contact with auditors, prepare audit packs and deal with requests and queries.• Main contact with insurers and calculations within. • Dealt with external parties including financial and legal due diligence teams including Menzies, KPMG and BDO.• Main contact with bankers, preparing regular cash flow, profit and loss and balance sheet forecasts to support funding levels required.• System improvements such as electronic invoicing and documentation.• Reduction of month end close period from 3 weeks to 5 days.• Prepare forecasts and explain variances.• Liaise with other heads of divisions.• Pre-acquisition oversee AP, AR, Payroll and treasury.

    • United Kingdom
    • Public Relations and Communications Services
    • Finance Manager
      • May 2015 - Jan 2016

      The company provides property management services and developed properties with £10m+ turnover. Role• Assist with quarterly management accounts and annual statutory accounts • Liaising with external auditors and preparing year end packs.• Preparation of VAT and CIS returns for review.• Post wage journals and submit pension contributions.• Credit control, bank reconciliation and assist with weekly cash flow summaries.• Liaise with subcontractors, suppliers and stakeholders.• Implement new systems and controls.• Assist with tendering for contracts and business strategy.

    • United Kingdom
    • Accounting
    • 1 - 100 Employee
    • Chartered Accountant (ACA)
      • Jul 2011 - Apr 2015

      Preparing and submitting VAT returns for businesses using cash accounting, the second hand margin scheme, flat rate scheme and invoice accounting. Clients include consultants, builders, property developers and training providers using single entity and group VAT returns.Preparation of all aspects of management accounts; prepayments, accruals, maintaining fixed asset registers, loan schedules, control accounts etc. For some clients the entire accounting function was outsourced and I would reconcile supplier statements, pay creditors, raise sales invoices etc.Management accounting – I would visit the client’s premises to fully reconcile the balance sheet from the information input by their internal staff. I would typically report back to the director/owner with the quarterly/monthly position such as the key variances, unusual margin changes, the VAT payable, the profits available for dividends, expenses to be reclaimed etc. The non-audit roles allow me to gain a full understanding of the financials to be able to appropriately explain and advise to senior management.Statutory accounts preparation for an array of small clients in varying industries and forms i.e. manager owned limited companies to family partnerships or limited liability partnerships. The typical turnover of clients were £100k - £1mil thus under FRSSE. During the third year of my training I was given responsibility of planning, budgeting and conducting fieldwork for audit assignments. Typically I would supervise one junior member. I would work closely with the financial controller and sometimes the director.

Education

  • University of Surrey
    Bachelor of Science (BSc), Accounting and Finance
    2008 - 2011
  • John Ruskin College
    A Level, Mathematics, Economics, Accounting
    2007 - 2008
  • ICAEW
    2014 -

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