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Manufacturing and Support Services Case Study

Company Performance Improvement

Company profile:
Manufacturing and support services group;
Turnover: £70m

The problem:
Newly-assembled international group (including UK, Germany, USA) in period of dynamic growth not pulling together.

The issues:

  • No group finance function or reporting structures
  • No group control of cash flows
  • No corporate governance compliance methodology
  • Finance teams working to different agendas

The actions:

  • Creation of group finance function
  • Rationalisation of local finance teams
  • Implementation of group reporting structure
  • Introduction of embedded systems for ensuring compliance with best corporate governance practice
  • Costs reviewed across group to ensure best practice followed at all locations.

The results:
  • Affairs of group made transparent to Board across all locations
  • Group able to expand as a single entity
  • Improved cash control enabled further significant expansion to be made.

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