David Annable
Associate
David Annable brings with him 20 years of experience in the financial sector and is a board level leader with a track record of supporting strategic development, overcoming challenges and enhancing processes to drive operational and financial performance. Experienced across multiple sectors, SME’s and owner managed businesses, David has handled financial matters in the recruitment sector, the motor trade business, manufacturing, packaging, retail, the leisure industry, distribution and even the airline industry.
Broadly experienced and highly knowledgeable board-level leader with a track record of supporting strategic development, overcoming challenges and enhancing processes to drive operational and financial performance.
Experienced across multiple sectors, SME’s and owner managed businesses. Possesses strong financial acumen. Empowers the senior decision-making process through identification of issues and opportunities and develops highly effective change strategy to turn around issues and drive growth.
Resilient and results orientated with a pragmatic approach, strong active listening skills and confidence in providing constructive challenge.
• Business reviews to identify areas of opportunity to increase revenue and reduce costs.
• Savings of £250k pa achieved by closing branch office whilst transferring business to head office also allowing significant saving in executive time.
• Reviews of systems, procedures and internal controls.
• Margin improvement of over £100k pa in motor repair business achieved.
• Implemented stock control system.
• Reduction of overheads.
• Production of detailed cash flow forecasts and supporting budgets.
• Design and implementation of Sage, Quickbooks and Xero accounting sytems.
• Design and implementation of Management Reporting packs highlighting key data to enable non-financial managers to understand the results.
• Managing VAT and Tax compliance visits and investigations
• Corporate Governance including Company Secretarial duties
• Managing HR departments, Payroll departments and associated reporting
• Producing Reports to Creditors for an Insolvency Practitioner
• Produced monthly management accounts and an annual pack for the reporting accountants to base the annual accounts on.
• Revised cash collection procedure.
• Implemented system of forecasting to provide visibility of future profitability.
• Identified need to re-capitalisation of the business and advised on the negotiations around the cash injection.
• Contributed to the development of a fair and amicable exit package
• Re-costed labour rates, workflow management, set up a second- hand parts sales system, set targets, devised and implemented a new reporting system.
• Turned a 6-figure loss into a small profit within 12 months.
