Rutherford Cross is delighted to be working on a retained basis to appoint a Finance Manager for P.E. backed Thornbridge Sawmills Ltd.

Thornbridge Sawmills Ltd is a timber processing business headquartered in Grangemouth. The business was established in 1992 and was recently (November 2017) sold by its Management to Cairngorm Capital, a Private Equity house specialising in mid-market growth companies in the manufacturing, distribution, and services industries.

 The business operates from its Head Office site in Grangemouth plus 8 branch offices spread across Scotland, and prides itself on its strong reputation for quality and service delivery.

 Since November 2017 TBS has acquired the North Yorkshire Timber Company Limited (“NYT”) in February 2018 and has further plans for growth, both organically and through additional acquisitions where the operational ‘footprint’ of the target business compliments that already established by the Group.

 Combined revenues for the current business (TBS and NYT) for 2018 are circa £60m, with expectations that organic growth through the opening of more branches, plus further acquisitions across the UK, will deliver a business where revenue is in excess of £150m within two years.

 The Finance Manager position requires an accountant who is ambitious and possesses the drive to take overall responsibility for the day to day running of Thornbridge Sawmills Group’s finance function. The post-holder will be comfortable taking ownership of consolidation, acquisition accounting, and management and statutory accounts preparation.

 The preferred candidate will be at ease managing a team and will possess the gravitas to build effective relationships. The successful candidate will have strong communication skills and will take a proactive approach towards improving processes and procedures.

 A summary of the key candidate requirements are as follows:

• Qualified accountant (CA, ACCA) 3 years’ + PQE

• Strong technical knowledge and capability

• Experience of managing month end processes, and in reducing the timescales/increasing the efficiency of the month end close process

• Self-starter with the ability to work under pressure

• Excellent IT and ERP system skills and experience

• Competent in staff management, with leadership capabilities

• Cash management skills

• Capacity to grow and develop with the role as the business grows and becomes more complex

• Credibility to liaise with senior stakeholders across the business

• Successful track record of providing management and financial accounting support within a fast-paced business

• Experience of implementing and ensuring adherence to financial controls and procedures

• Excellent written communication and oral presentation skills

The purpose of the Finance Manager role is to oversee efficient and effective financial reporting on a consolidated basis, and to manage the financial operations of the Thornbridge business. The post-holder will ensure that effective practices and procedures are in place, with a focus on continuous improvement and development. The successful candidate will provide support to the CFO on strategic initiatives as the business grows.

 The post-holder will be tasked with the production of accurate and timely management accounts. This information will enable the operating units to possess a more comprehensive understanding of their performance and to develop more informed decision making processes.

 Duties will initially include:

• Management of all Month end processes and Consolidation of Group accounts

• Ownership of the General Ledger and overall accounting for the Group

• Accounting for new acquisitions

• Development and Production of monthly MI packs

• Management of all Thornbridge accounting processes – Purchase ledger/Payments runs/Banking

• Cash Flow forecasting and Working Capital Management

• Ownership and development of Financial Controls

• Overseeing Payroll operations

• VAT returns

• Management of annual audits and statutory accounts preparation

• Staff management

• Ad hoc duties and analysis as required by the CFO

• Supporting the ongoing development of the Finance team as the business grows

Benefits package include:

Salary:                             £45,000- £50,000

Holidays:                          30 days inclusive of stats

Life Assurance:                  3x Salary

Working Hours:                  8.30am to 5.00pm Mon-Fri, (including 1 hr lunch break)

Pension:                           Defined Contribution scheme: 5% employee contribution: 5% employer contribution

Bonus:                             None (but under Board consideration)

For specific information on salary and the benefits package please contact Jonathan Donnelly [email protected] or 0141 611 7770.

Please note that any direct or third-party candidates introduced during the process will be passed to Rutherford Cross for assessment.