Conveyor belt manufacturing company opened a new overseas branch in Budapest
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Conveyor belt manufacturing company opened a new overseas branch in Budapest
and EFM, handling its management and statutory reporting in the UK was in Budapest to meet the new staff and review changes in the accounting structure and reporting format, resulting from the expansion.
Laser eye specialist company
needed to recover €430,000 from one client in Dublin. EFM made the overseas trip and recovered the entire amount of the debt.
Contact Centre/ Communications Company was damaged by the Buncefied explosion in Hemel Hempstead.
EFM provided financial and project management support during the restoration process.
An international Swedish manufacturing company dismissed its MD and FD 5 weeks before its year end.
2 EFM staff stepped in on a virtually full-time basis keeping UK generated cash flowing, maintained Swedish group reporting for the final two months, finalised the annual figures and prepared for a UK audit. In addition to this, the first remittance of UK funds was made to Sweden that year.
An 85-year-old family owned pickle manufacturer with late management accounts, a dismissed bookkeeper and the need to install a new accounting system required immediate help.
EFM North –East took over the day-to-day accounting, introduced a regular reporting framework, transferred data and installed the new accounting system one week before the old one completely collapsed. A full sales EDI system was also implemented reducing sales order from 300 seconds (5 minutes) to 10 seconds.
A public funded regional company was faced with the resignation of its Financial Controller
With an approved budget for one person and a multi-skilled role to fill, EFM North-East provided a skill mix of private and public sector experience for two years till a full time Finance Director was recruited.
A company which produces reward products for youngsters was experiencing cashflow difficulty
EFM Midlands was able to secure an invoice finance contract worth £100,000, and convert short term overdraft into a 5-year loan.
A technology firm based in London needed a competent permanent, full time Finance Controller.
EFM used its network of contacts and found a suitable candidate.
A stainless-steel metallic hose manufacturer had vendor loan notes.
EFM was able to assist in negotiating a £360,000 refinancing to bank finance, giving the company an immediate saving of £90,000 on the original purchase price plus interest.
A company which supplies and monitors GPS tracking systems needed a new accounting and business system.
EFM North East arranged demonstrations of suitable fully integrated solutions, assisted in the selection, and managed the implementation of the system.
A technology business needed a more pro-active on-site financial management service and moved from an accounting practice to EFM
to deliver its entire financial management needs. The company experienced a far greater hands-on service as a result.
European distribution arm of US manufacturer of scientific equipment.
EFM advised the MD on key issues and set up accounting systems compatible with US parent requirements. They used their network of business partners to establish auditing, legal and other professional links.
UK company developing mobile phones
needed full outsourced finance function, then capital investment and finally overseas relocation. EFM personnel actively assisted during each stage.
Major blue-chip pharmaceutical company
calls in EFM staff to develop financial projections regarding spinning off a division.
The EFM network
helps a newly re-located company in the IT sector implement pensions and health schemes for UK staff.
EFM support company developing sophisticated search engine technology.
e-FM provide access to funders, help build business plan and sales and marketing models, as well as setting up all core financial processes.
A property services business experienced a substantial cash fraud
and EFM were called in to re-establish financial disciplines and manage the increased banking exposure.
Major Hongkong quoted company re-organises UK businesses
EFM re-assigned as interim FD from one subsidiary to run the entire finance function of another UK division.
EFM provides full FD services to a real estate development company and improved its accounting process
to the extent of reducing reporting timeline by 10 days.
EFM brought in by partner funding firm
to service the management accounting needs of London based executive recruitment organisation.
EFM venture capital backed client
quadruples UK headcount in four months. Undertaking R&D in the telecom sector they have adopted the EFM on-line system of accounting.
A well-known security company with a history of acquiring SMEs found it was experiencing unsuccessful post-acquisition growth.
A Finance professional from EFM developed and implemented a comprehensive integration programme to address historical acquisition issues, optimise synergies, and drive growth - delivering a 50% uplift in sales and a 47% increase in EBIT.
A kitchen manufacturer facing receivership sought expertise that would enable it to achieve the best possible financial outcome in difficult circumstances.
Mark Leighs, experienced in FD, CFO, and CEO roles, worked with the business’s recovery team to strengthen cash management and reporting, and enable a financially optimised business sale.