Mark Davis

Summary

An experienced Finance Director working in both privately owned and listed companies. In addition to strategic and operational responsibilities, he has experience in reorganisations, financial management, financial analysis, process redesign, fundraising and employee education.

As a Chartered Management Accountant, he can apply his experience and analytical skills to a wide range of business situations and sectors. One example being maintaining margins during a period of 20% year on year growth over a three-year period.

“Assisting SMEs to achieve success with Management Accounts Preparation, Cash Flow Management and Strategic Planning”

 

“I have liked everything about EFM, from the initial contact with the head of the North West. It’s just been very good all the way through. The company has benefited extremely from working with them. Mark has brought a new focus in, relieved pressure from me, and brought lots of new ideas in. I was a bit hesitant at first with new ideas in the organisation, but my 3 fellow directors have embraced it completely. We’ve been using EFM since February, so for 4 months now. I don’t think they could do anything better.”

“Mark’s not just a Finance Director, he’s coming up with sales ideas; ways to record sales, and how to bring in new clients. It is financial management but it’s also a business process change.”

Robert Bullock,  Bullock & Co Ltd


Experience

Mark worked for several private, public and limited organisations before he qualified as a Chartered Management Accountant in the United Kingdom and held several positions after qualification before joining EFM. His 21 year career in finance, has mainly been in the manufacturing and service sectors across the North West and Milton Keynes. His last permanent position before joining EFM was as a financial controller/financial director for a subsidiary of a global thread manufacture. Over the last 2 years, since joining EFM, he has provided finance director services to various SME’s in the North West, ranging from £0.8m turnover up to £13m, mainly in the service and manufacturing sectors.

He is flexible and a resilient self-starter, working well either alone or as an effective team player.  He is a goal-driven individual, action-orientated with a can-do attitude and a fine eye for detail.

Over the course of his career as a Finance Director he has:

  • Business Planning – Collaborative development of a plan to introduce a new lean manufacturing process to aid rapid growth.
  • Cash-flow – developed short and medium term cash-flow projections to enable business to understand intensive working capital demands of high stock levels, and to fund additional working capital through improved cash payments and reduction in bad debts.
  • Management Reporting – Redesign and introduced on many occasions, new management reporting in the form of meaningful management accountants and KPI’s to help drive the business forward.
  • Business Growth – Review of major loss-making contracts, costing and tendering processes to improve financial viability and ensure sustainable strategy. Assign overhead cost efficiency benchmarking and business mentoring.
  • Finance transformation – Design of finance and administrative functions to align with strategic vision, creation of road map, and effective implementation.
  • Funding – Production of business case to secure grant funding and quarterly submissions to ensure funding was delivered.
  • Budgeting & Forecasting – Production, education and redesign of annual budgets & continued regular forecasting across whole career ensuring plans are delivered accordingly.

Case Study

Case Study: Overhead Cost Reduction

Background:

The business was going through a period of rapid growth and pressure was being applied to reduce overhead costs to maintain margins. The situation was made worse because this growth wasn’t forecast by sales, causing increased pressure on all departments. This meant we had to be selective on which overheads we targeted.

reducing-costs
Challenge:

The challenge was to try and reduce overhead costs, but continue to keep the same level of support to production and maintain customer expectations. This meant the solution had to come from somewhere that didn’t impact production directly or effect our customers experience. In addition, the savings had to be big enough to make a difference.

See Full Case Study