About

Practical FD
Mike Clark

Mike Clark

Director

I am a commercial Finance Director with a practical hands on approach. A Fellow of the Chartered Institute of Management Accountants, I have held a number of positions in multinationals and smaller businesses, including start-ups and PE backed Companies. Since 2003, I have run my own consultancy providing FD and HR services for a small portfolio of companies working as either a short-term Interim or on a part time basis. I understand the demands placed on SME’s in a competitive market today and work very closely with MD’s, acting as a sounding board, helping to improve profitability and formulate strategy.

Why use Practical FD…

Practical

 

I am proactive and have a hands-on approach and not afraid to roll my sleeves up  and get stuck into any issues. I ensure robust controls and processes are in place.

 

Flexible

 
Whether you require assistance one day a month or several days a week, I am flexible to fit in with your needs.
 

Add value

 
I will add value to your business by providing commercial advice, controlling costs and improve profitability. I set up relevant Management Information (MI) and Key Performance Indicator (KPI) reporting to focus on the areas that are important to the business.
 

Hybrid

 
As well as being hands-on, I am also strategic and have over 25 years experience in finance. During my career I have held senior positions in a variety of sizes of businesses and sectors and can solve issues without having to reinvent the wheel!
 

Services…

Strategic

 
I help SME’s and owner managed businesses grow, increase profitability and help plan for exit. It can be lonely running a business and I act as a sounding board to owners and directors providing commercial and strategic advice.
 

Add Value

 
I add value by increasing profitability and reviewing and reducing costs.
 

Reporting

 
I provide a Weekly dashboard, relevant Management Information (MI) and focussed KPI’s to assist SME’s achieve their goals. I produce regular management accounts, set annual budgets and provide rolling forecasts for use internally and externally (eg banks and investors).
 

Compliance

 
I ensure robust controls are in place and will build, support and coach the finance team. I will deal with and manage the relationship with external advisors and other external bodies (e.g auditors, HMRC, bankers, insurers, investors).
 

What some of my clients think of Practical FD…

Danco International PLC

 

“Mike is an excellent and focused Finance Director, and has been working with our company for over ten years, assisting and taking responsibility for all areas of financial control. His wide range of experience brings useful insight to the Company, he is very discrete, and I regularly use him as a confidante and sounding board on all aspects of our business. Mike also has a good sense of humour, is an excellent communicator and gets on at all levels. He is really proficient with IT and has designed and improved many systems within our organisation. I’d would highly recommend Mike to any business looking for a proactive commercial FD.”

 

Adrian Dann, MD, Danco International PLC

 

 

Vistair Systems Limited

 

“Mike has been an important member of the senior management team as the Company has grown significantly over the last 5 years. He brought the finance department in-house and set up all controls and reporting. He was invaluable in our recent PE backed investment, providing all the financial forecasts and successfully running the DD process for us. He’s a hands-on professional CFO who’s easy to work with. I would have no hesitation in recommending him.”

 

Ian Herbert, CEO, Vistair Systems Limited

 

 

Icescape Limited

 

“Mike played an important role in the MBO of the business assisting with the Financial due diligence. Since then, he has established the financial systems and is responsible for all aspects of the finance department. He is commercially minded, easy to work with and a team player.”  

 

Mark Smith, Director, Icescape Limited

 

 

The IT Department Limited

 

“Mike is a practical CFO who is very experienced. As well as successfully running the finance department he’s qualified in HR. He helped us run a profitable 2-year commercial contract from start to finish (TUPEING over employees and ultimately closing a facility down). He’s very practical and has a can-do attitude who can be relied upon to get things done.”

 

Director, The IT Department Limited

 

 

TePe Oral Hygiene Limited

“Mike worked with us for approximately 15 months, filling an emergency gap after a sudden departure of our Finance Manager.  He took immediate control of the finances of the business, working closely with our Head Office for reporting and preparing our Year End accounts, working with our accountants and following through to the audit.  Throughout the time he was with us he worked to set up new processes and systems for our growing business and was a popular member of the team.  Capable, approachable, flexible and professional, I would have no hesitation in recommending Mike to another organisation who could benefit from his high level accounting and finance expertise”

 

Jayne Lunnon, General Manager, UK, Tepe Oral Hygiene Products Limited

Qualifications….

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