Stephen Justice

 

Stephen D Justice - Professional Summary:     

 

 From a financial and general management background in largely manufacturing business I spent nearly 20 years with Price Waterhouse/PricewaterhouseCoopers/IBM as a management consultant selling, managing and delivering financial management and strategic evaluation based major change programmes.

 

My engagements spanned a wide range of small, medium and large local and multi-national clients across the world in most business sectors including manufacturing, distribution and retailing. My focus was on the benefits realisation aspect of change programmes including merger and acquisition integration, relocation, business restructuring and rationalisation, new product and market or channel setup.

 

I took the decision to set up independently in 2005 and have since enjoyed working with start ups and SMEs in a similarly wide range of business sectors, including several manufacturers working to tight timescales and budgets to support new business, growth and rationalisation by organisational restructuring, broking Joint Ventures, appointing Strategic Partners, liaising with potential investors and potential acquirers, arranging grants and funding.

 

 

Stephen D Justice - Professional Experience:

 

CONSULTANCY AND INTERIM MANAGEMENT EXPERIENCE

Independent Management Consultant and Business Advisor 2005-Present

Strategy Evaluation, Financial and Performance Improvement Management and Business Advisor

 

Evaluating and defining strategy

 

• Defined and evaluated the growth and diversification strategy for a mobile applications and asset management software and solution business
• Advised on go to market strategy for launching a Middle East sourced soft drink into the UK
• Developed the strategic migration plan for a distillers business refocusing on key brands, including divestment, restructuring and rationalisation plans
• Prepared an IT strategy for a motor insurance claims management business

 

Developing business cases and appraising investment/financial due diligence

 

• Prepared a cosmetic procedures and products business start up plan and advised on raising funds
• Prepared the business plan for funding a soft drink business strategy and assisted in securing finance
• Prepared the business cases and obtained grants to fund expansion and new product development for an mobile applications and asset management software and solutions business
• Secured backers' funds and franchisees via a business plan for a European vending machine franchise
• Conducted a variety of financial due diligence reviews for proposed acquisitions including radio stations, food manufacturers and software/IT services

 

Managing change and performance improvement projects

 

• Implemented financial, HR and operational management processes for an asset management software and solution business to facilitate adoption of new products and channels as interim CFO and Ops Director
• Managed the integration and systems and process changes for a small retail chain

Implementing financial and performance management and reporting

• Provided interim financial management services to an engineering business to develop and implement monitoring of benefits realisation for lean manufacturing cell based operations
• Developed the design for activity based resource planning, budgeting and reporting for a Government Agency to define and report on performance improvement initiatives

Price Waterhouse and PriceWaterhouseCoopers Consulting/(IBM) 1987-2005

Managing Consultant - example consulting experience

 

Evaluating and defining strategy

 

• Conducted a strategic analysis and valuation for a major US fashion company working with retail, HR and supply chain specialists resulting in the sale of the business at three times its share price.
• Developed and implemented a Total Cost of Ownership model for a PC company to derive the benefits case for the company's commercial proposition and pricing using process mapping with activity costing.

Developing business cases and appraising investment/financial due dilligence

• Validated and refined the outline business case for £4billion investment in UK border management resulting in successful passage to the detail evaluation stage
• Analysed cost impact of moving manufacturing facilities abroad versus retaining and relocating in the UK, by mapping business processes, resulting in the lower cost overseas option being implemented.
• Evaluated a joint venture "green field" office equipment business, identifying financing requirements, preparing a successful grant application.

 

Managing change and performance improvement projects

 

• Led a 16 strong multi discipline team including military staff on a strategy and cost analysis for the £1billion+ p.a. spendMoD Army Training and Recruiting Agency resulting in 15% increased output with no additional resource cost
• Evaluated the reorganisation and relocation of a global information gathering business realising a reduction in the number of world wide sites and operating costs applying process mapping and activity analysis
• Evaluated process improvements to support the benefits case for SAP harmonisation across more than 130 instances for a global soft drinks and confectionery business
• Prioritised improvement options for a Swedish pharmaceuticals client leading to 20% higher share price.
• Reorganised a European finance function reducing annual costs by 45%

 

Implementing financial and performance management and reporting

 

• Implemented and applied activity based management systems in more than 2 dozen assignments, analysing cost and multi dimensional profitability data to deliver wide ranging business benefits such as product range rationalisation, pricing strategy, stock valuation, alignment of cost reporting with manufacturing techniques such as cell based manufacturing, Just In Time, Kanban, cost reduction exercises, investment and relocation justification. Worked with multi discipline teams at clients in automotive, light and heavy engineering, aerospace, consumer white goods, food and beverages, high tech, financial services, energy, pharmaceuticals, chemicals and petroleum businesses
• Developed and delivered training courses for cost and activity management, performance management and investment appraisal for a number of clients including MoD and large pharmaceutical businesses
• Developed a performance measurement system to link the balanced scorecard with shareholder value creation at a European contraceptive manufacturer
• Developed benefits realisation tool to prioritise supply chain improvement projects yielding 17% cycle time reduction, 50% reduced inventories and 20% cost savings

 

Consultancy business management and development

 

• Developed cost management methodologies and marketing campaigns and materials
• Led cost management training and was a team member for training new consultants
• Designed and delivered marketing seminars and training courses
• Participated in large assignment selling process and sold many more smaller assignments
• Managed teams up to 16 staff applying in house and other project management methodologies

PREVIOUS EMPLOYMENT

American Can (UK) Limited and Trifid Software Limited 1982-1987

Financial Planning and Control Manager - packaging manufacturing and software development

 

• Took general plant manager role and successfully realised site wind down and closure
• Converted manual General Ledgers at five manufacturing sites to IT systems in one month including design and application of chart of accounts, reporting and consolidation
• Implemented material stock records and established accurate reconciliation routines with financial records and PC based product costing systems
• Evaluated new business and major capital expenditure including developing a business case for a £35 million investment in plastic packaging technology
• Implemented financial procedures and controls for software subsidiary as acting CFO

 

Thorn EMI Flow Measurement Ltd 1981-1982

Resources Performance Manager - gas flow metering manufacturing

 

• Developed cost and management accounting controls, planning and reporting
• Prepared annual budgets, periodic forecasts and product costs
• Monitored and controlled materials requisitioning and purchase price variance reporting
• Valued stock with particular emphasis on WIP accounting and controls
• Introduced IT stock control systems resulting in an 85% reduction in stock losses

 

Reed International Ltd 1975-1981

Management Accountant/Internal Auditor - paper and decorative products manufacturing & retail

 

• Carried out wide ranging financial management work including accounts preparation, reporting, costing, internal audit, systems analysis, management accounting and IT projects, together with ad hoc assignments working in paper and paper products manufacturing, decorative products, wholesale and retail businesses and headquarters functions across more than a dozen sites throughout the UK and the rest of Europe
• Re-established accounting procedures and controls after a major fraud
• Successfully maintained financial accounting and controls at four manufacturing plants during closure/rationalisation
• Identified and quantified fraudulent financial activities leading to prosecutions

 

Stephen D Justice - Education:

 

Fellow of the Chartered Institute of Management Accountants

 

Certified Management Consultant

A Levels: Economics, French and Russian

 

Stephen D Justice - Interests:    

 

Interests: Horse riding, sailing, shooting, skiing

 

Languages: Conversational French

 

Other: Coauthor of books: CFO - Architect of the Future and The eCFO
Past speaker at financial management conferences across Europe, the Middle East and United States

Stephen Justice - LookupPage

http://www.mmcl.org.uk

http://www.kodit.com