Tim Champkins

Experience

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  Rolls-Royce

  Jun 1999 - Sept 2000

  Undergraduate Engineer

  •Summer placements at the Rolls-Royce defence site in Bristol working on the Adour engine (used in Jaguar and Hawk aircraft) and working on various projects in the government restricted facility. Work included computational aerodynamic modelling of the US Joint Strike Fighter program as well as a research project looking at improving operational capabilities of the Apache helicopter engine.

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  Davison and Shingleton

  Sept 2002 - Jul 2006

  Chartered Accountant

  Completed a training contract with a firm based in central London that specialised in advising entrepreneurial and early stage enterprises and SMEs. The practice formed out of the Ernst & Young Entrepreneurial Services division and subsequently merged into Buzzacott LLP.

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  Symbian Operating System Technologies

  Jan 2006 - Oct 2012

  Various roles

  Over six years’ continuity of employment with a strong history of progression working in organisations that developed the Symbian OS and related technologies that power Symbian smartphones. Key driver of change throughout the lifecycle of the business as Symbian was acquired by Nokia in 2008 and subsequently when Nokia outsourced the development of the Symbian OS to Accenture in 2011, resulting in the transfer of 2,200 employees on a TUPE basis.

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  Symbian

  Jul 2006 - Jun 2009

  Reported to the CFO. Led the everyday operations of the finance team (12 reports) and managed all aspects of the financial integration from Symbian to Nokia following the acquisition of Symbian.• Prepared monthly consolidated results and KPIs for 7 international group companies and reviewed with the CEO and CFO (annual turnover £190M, global headcount of 1,700 employees).• Managed the company treasury function to ensure efficient servicing of cash flow requirements whilst maximising interest income on cash balances. • Integrated the Symbian financial systems, processes and controls into Nokia. Assessed tax and financial reporting implications, provided finance support for asset transfer agreements and the sale of intellectual property. Managed the transfer of ledger balances from Oracle to SAP and the transfer of responsibility for every day finance activities to Nokia personnel.• Implemented controls and procedures to ensure that the acquired organisation was SOX compliant within 3 months of the acquisition.• Designed and implemented steps to accelerate the Symbian management reporting process to synchronise with Nokia month end timetable.• Implemented a dual reporting system whereby monthly results were reported both under Symbian accounting policies prepared using UK GAAP and Nokia accounting policies prepared using IFRS. • Produced consolidated annual budgets for 7 international group companies.• Coordinated the audit of the Symbian group companies resident in the UK and acted as primary point of contact for auditors. Subsequently produced statutory accounts for the 3 UK group companies.• Ensured day-to-day operational effectiveness of financial controls and processes including review and approval of VAT returns, authorisation of all bank payments and sign off of all balance sheet reconciliations.• Calculated and paid quarterly corporation tax instalments and managed the relationship with external tax advisors. Show less Reported to the Financial Controller. Prepared accurate and timely monthly consolidated management accounts and KPIs for 7 international group companies (annual turnover £190M, global headcount of 1,700 employees) and presented to CEO and CFO. Prepared monthly shareholder results pack.• Redesigned the financial reporting systems to plan and report on a functional basis alongside the existing geographical / legal basis, which resulted in clearer budgetary responsibility and a reduction in budget variances.• Ensured accurate accounting for the acquisition and disposal of subsidiaries. • Prepared quarterly forecasts for Symbian group companies utilising a complete company financial model incorporating expected revenue, costs and cash flows and used the model to feed into budgeting parameters and manage the company hedging requirements.• Member of the hedging committee and attended quarterly meetings to review the existing hedge position against forecast cash flows, assess the potential exposure to foreign exchange movements and enter into new transactions (spot forward agreements) to hedge that exposure. Show less

  • Financial Controller

    Sept 2008 - Jun 2009

  • Senior Management Accountant

    Aug 2007 - Sept 2008

  • Management Accountant

    Jul 2006 - Aug 2007
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  Nokia

  Jun 2009 - Oct 2011

  Reported to the Head of Finance and Control for Smart Devices. Sat on the senior management team for this international business unit (1700 employees). Provided expert advice and support to the head of unit on various initiatives and ensured any decisions taken were financially sound. Managed FP&A and all other finance activities of the business unit which encompassed the software, chipsets, hardware and electro-mechanics technology areas. Analysed monthly results, tracked key performance indicators (KPIs) and presented results to senior management. Managed the monthly reforecasting and bi-annual budgeting processes, monitored SOX compliance and approved significant items of expenditure. Directly managed an international team of 3 accountants and had additional indirect reporting lines from other matrix functions.• Facilitated annual savings of €40M having partnered with project leads to produce detailed financial models and breakeven and scenario analyses for major restructuring projects including the closure of satellite offices and the merger of three business units into a single streamlined organisation.• Created a control environment which instilled a sense of financial responsibility into all employees in the newly created business unit. This resulted in efficient financial control over an annual operational expenditure of €170M and an estimated reduction in non-essential expenditure of €2M.• Delivered subcontracting savings of €8M at the request of senior executives to maintain short term profit margins.• Analysed proposed investment plans and presented cost to benefit analysis to senior executives which gave a clear indication of whether or not to invest in certain new technologies and resulted in reduced expenditure on speculative R&D projects by tens of millions of euros over a timescale of 2-5 years. Show less Reported to the Finance Director for Symbian Devices. Sat on the senior management team for this international business unit (1400 employees) and partnered with the unit head to provide expert advice and support. Maintained financial control over the business unit (opex of €140M) that developed the software for the Symbian operating system. Analysed and presented monthly results, tracked KPIs, managed the monthly reforecasting and bi-annual budgeting processes, monitored SOX compliance and approved significant items of expenditure. Managed an international team of 5 accountants.• Coordinated R&D tax credit claims for 2008 and 2009 for Symbian Software Limited which secured tax savings of £5M.• Produced a two year operational forecast to allow senior executives to understand the key investments in technology and the associated benefits to the organisation. • Coordinated the process to obtain early agreement from HMRC on the Symbian UK tax position following cessation of trade and sale of intellectual property. This eliminated the exposure to late payment interest of £30K per month and allowed a rapid end to administrative arrangements associated with the Symbian statutory entities. Show less

  • Head of Finance and Control, Symbian Technology

    Nov 2010 - Oct 2011

  • Senior Business Controller, Symbian System Software

    Jun 2009 - Nov 2010
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  Accenture

  Oct 2011 - Sept 2012

  Client Finance Manager

  Reported to the Senior Finance Transition Manager, EALA. Integrated the finance activities of the Symbian R&D unit following the transfer of employees from Nokia to Accenture. Worked with the sales team and solution architects to win new client contracts.• Produced a complete financial model for the proposed activities to maintain the Symbian operating system, which enabled senior executives to agree a new maintenance contract with Nokia and achieve Accenture’s targeted profit margin.• Worked in partnership with sales teams and solution architects to deliver additional R&D contracts with tens of millions of euros of associated revenue. Show less

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  ECommera

  Feb 2013 - Jun 2015

  Group Financial Controller

  Prior to the sale of its systems integration business to Dentsu Aegis Networks, the OrderDynamics group had subsidiaries in US, Canada, France, Bulgaria and India and provided ecommerce trading platforms, prescriptive analytics and order management software on a SaaS basis. With 450 employees globally the company rapidly grew through both acquisitions and organic growth to a turnover of £30m. Reported to the CFO and led the operational finance activities. •Provided key contributions to the sale of the eCommera business, including preparation of financial information and due diligence documentation;•Prepared financial models and participated in negotiations to agree the level of normalised working capital for sale completion;•Transformed the levels of management information in the business by creating an internal cost card and instigated project profitability reporting for professional services activities, which established a culture of commercial responsibility within the services delivery team and subsequently resulted in an increase in services net margin;•Created and implemented international transfer pricing policies for all group companies to ensure compliance with tax law in all jurisdictions in which the group operated;•Provided commercial support and financial modelling which was instrumental to the setup of a new subsidiary in India and oversaw the implementation of appropriate internal controls of that subsidiary;•Ensured the ongoing liquidity of the company, particularly during investment cycles, through detailed management of cash flows;•Close partnership with business functions to agree new sales and supplier contracts;•Prepared and submitted R&D tax claims to secure cash inflows from HMRC;•Provided support to the CFO at each equity and debt funding round;•Ownership of the the annual budgeting and quarterly reforecasting cycles;•Primary responsibility for all external relationships with banks, insurers and professional advisors. Show less

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  Nevis Holdings

  Jun 2015 - Dec 2016

  Group Finance Director

  Nevis Holdings is a limited company owned primarily by a consortium of private equity investors including West Coast Capital, Frog Capital, WPP, ePlanet Capital, and GPBullhound. Until the sale of its eCommera SaaS software and services business in June 2015, Nevis was comprised of three technology businesses operating in the retail ecommerce space. Following that sale, Nevis now holds investments in two businesses; DynamicAction, a ‘big data’ prescriptive analytics business and OrderDynamics, which specialises in the provision of order management systems (OMS). Both businesses operate revenue on a SaaS basis and the combined revenue is £8m.The appointment followed the sale of the eCommera software and services business. The remit of the role was to set up the remaining DynamicAction and OrderDynamics businesses as independent groups, hire and embed new finance teams into each group and prepare the groups for either secondary funding or sale. Show less

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  Isobar

  Dec 2016 - Jan 2019

  CFO
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  W K Webster and Co Ltd

  Feb 2019 - now

  CFO