Mike has worked in technology, finance & consulting with experience of business planning & acquisition appraisal, complex investor & stakeholder management and direct regulatory liaison.
He is a big 4 trained CFO & COO with 15+ years strategic delivery experience, leading financial strategy & management, change management and operational risk management.
He specialises in partnering with investors, CEOs & their management teams to define business strategy & target operating models, developing meaningful MI & controls and leading change to deliver the business agenda.
Mike has led fund raising & change programmes of up to £10m with experience of solving a variety of organisational, resource & budgetary challenges to deliver multiple commercial, operational & IT projects.
Background: An award-winning UK-based digital communications supplier had a unique opportunity to acquire its US distributor at a competitive price; a business it understood & knew well having developed a close working relationship with it over several years.
Challenge: This opportunity required 3rd party fund-raising and the refinancing of the business’ existing loan book due to debt covenant restrictions; it also occurred at a time of stressed working capital due to the loss of the company’s two largest clients.
Solution: Mike worked with the management team to optimise working capital management and led the acquisition’s due diligence. He also sourced interest-only funding to refinance the business’ existing loan book, finance the acquisition and support the company’s forecast working capital requirements.
Benefit: In the face of a material working capital challenge, the company was able to take advantage of a unique opportunity to expand its US operations and build a platform for its future North American expansion at a competitive price. The refinancing & additional funding also provide it with capital to develop its 3-year strategy and to grow the business before taking on 3rd party equity finance.Read More