OrganiseDeliver

Welcome To Mackinnon Wright

Interim management
email: mw@mackinnonwright.com

Mackinnon Wright specialise in the provision of senior financial interim management for industrial, commercial and not for profit organisations.

Sector experience includes retail, construction, engineering, logistics, technology, manufacturing and hi-tech medical equipment, and not for profit organisations.

Specialisms include distressed company turnaround, restructuring, due diligence, integration of acquisitions, change management, system implementation, process re-engineering and effective working capital management.

Our Services

Organise, Motivate, Deliver

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Mackinnon Wright specialises in Board level financial management and provides, Interim management for FTSE, SME’s, Public sector and Not for Profit clients.

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Our unique service offering has proved invaluable for companies experiencing major change, either through growth opportunities, restructuring, acquisitions or mergers.

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Specifics include Working Capital management, turnarounds, due diligence, process improvement, systems implementation, recruitment and staff mentoring.

Case Study

A recent assignment

The Client

Fulcrum PLC

logo fulcrum plc

Fulcrum PLC is an award winning utility service provider based in Sheffield.

The company was in a turnaround phase with major operational changes including adapting its operating model from a sub-contractor to a direct labour organisation. The finance department was seen as insular and remote and overall financial awareness throughout the business needed raising.

The timeliness of financial information also needed improving.

Designed and implemented new reporting system for the operations department (£15m t/o, 100+ employees) giving visibility of regional profitability.

Devised and introduced Finance Business Partners for Operations and Sales & Marketing to work with Directors and senior management to improve their financial understanding, by initiating weekly / monthly meetings and updates, introduction of bespoke reports and working cross-functionally.

Built strong working relationships with members of the leadership team to improve the profile of finance throughout the organisation.

Reviewed working practices to improve timeliness of information and efficiency of the team, which included reducing the month-end close, improving the Board pack content and production of the annual report.

  • New management reports give the leadership team the ability to see regional profitability and take corrective action where necessary.
  • The month end close reduced from twelve to five working days.
  • The Board pack became more focussed, reducing from thirteen pages to five.
  • The annual audit t was completed ahead of time enabling the annual report to be published earlier than in previous years.
  • Profile of Finance team raised, now seen to be proactive rather than passive and unapproachable.
    Improved Balance Sheet review process leading to reduction in external audit close and increased investor understanding and awareness within senior management.
  • New corporate milestones were achieved: First ever PBT recorded, positive operating cash-flow and tight management of working capital.

The Interim Manager

Martin Wright FCCA

Martin Wright
  • Experienced Interim manager, working with SME’s across a variety of industries
  • Commercially focussed with the ability to devise viable, workable solutions to business issues and present them in a coherent manner at any level.
  • Excellent people management skills, able to motivate individuals to exceed their own expectations.
  • Able to transform under performing teams into “best in class”.
  • Pragmatic, plain speaking and down to earth with a commitment to achieve and a “can do” attitude.

Testimonials

Martin provided balanced leadership for the Finance team throughout a period of significant change at Fulcrum. He liaised with cross functional colleagues at all levels and offered constructive challenge whilst maintaining the respect of his peers. A valuable asset to the team and a lasting contribution.

Martin joined Business Post ( now known as UK Mail Group) as Interim Group Financial Controller and worked his way through the various Finance processes and introduced a number of improvements in a calm and professional way. In particular, he implemented rigorous balance sheet reviews which significantly strengthened our financial controls. Through his excellent people management skills, he also improved the way in which the various teams worked together, both within Finance and also across the group. When we encountered a problem in one of our subsidiaries, Martin rolled his sleeves up and completely took ownership of the problem, working it through to a satisfactory conclusion, again in a calm and professional manner.

Martin worked as Interim Manager at Ashley House Plc for 10 months to review the finance team’s processes, structure and to complete the implementation of a new finance system. During this time, Martin, worked diligently, efficiently and effectively, putting the hours in where required. Martin undertook a major restructure of the finance team moulding, supporting and then leading them through a successful year-end audit. The final piece was the recruitment of a new Head of Finance to whom Martin has handed over a much improved and organised finance team. I wouldn’t hesitate to use Martin again for interim “shake up” and support.

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Contact Details

email:

mw@mackinnonwright.com

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