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Russell Mallen - Associate Manager - West Midlands
Russ is very experienced in the provision of quality accounting information in distressed situations.
Often our clients have a breakdown of accounting and reporting in the stress that insolvency can bring, Russell will oversee a deep review of the systems and reporting, tidy up the balance sheet and profit and loss and set out meaningful information for the directors and their advisors. After this he will help build detailed financial forecasts for any CVA or restructure.
In one example KSA rescued a manufacturing company in the West Midlands and we quickly found that the records were appalling despite the company employing a FCA finance director. After KSA was appointed, he was asked to leave and Russ brought a team of 4 experienced accounting people into the company within 2 days to reconcile and collect the debtor book, reconcile multiple bank accounts, oversee invoicing and liaison with the factoring company and the bank.
Cashflow was rapidly improved and the company recovered sufficiently to propose a CVA. This hands on CAN DO attitude is typical of Russell and his team.
Call Russell on 0121 3780671 or 07989 575933.