Mehul Shah

Experience

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  Technicolor

  Jul 2003 - Oct 2005

  Assitant Accountant

  Technicolor (French multinational) is the digital innovation leader in the media and entertainment sectors

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  OCTOPUS PUBLISHING GROUP LIMITED

  Oct 2005 - Nov 2006

  Group Accountant
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  Transport for London

  Nov 2006 - Dec 2017

  Partner with the Managing Director of TfL’s profit making commercial division that generates c£160m p.a. of media income (through the UK’s largest outdoor advertising estate), c£75m income from 2500 property lettable units and over 70 car parks. The division also manages a multi-million pound property development portfolio being developed in joint venture with a range of the UK’s leading property developers. Reported to the head of external reporting within group finance, responsible for provision of technical accounting support and advice to the Group including the provision of support for ad-hoc projects. Partnered with the Director of Treasury and the senior treasury team. Reporting to the Chief Accountant within group finance responsible for consolidation of IFRS accounts for 22 entities. Key co-ordination role between subsidiary accountants, group business planning and treasury. Business partnered the Head of Fares and Ticketing. Role within the Fares and Ticketing department providing financial support to the commercial project team and finance department for the fares collection contracts (PFI circa £90m p.a.) including Oystercard and contactless Responsible for corporate subsidiaries financial and management accounts with an annual spend of £200m Key analyst role within TfL Shared Services Centre – providing group financial accounting services for all TfL divisions.

  • Head of Finance - Property and Media

    Jan 2015 - Dec 2017

  • Group Treasury Controller and Group Accountant

    Feb 2013 - Dec 2014

  • Group Financial Accountant

    Nov 2010 - Jan 2013

  • Senior Finance Business Partner

    Apr 2010 - Nov 2010

  • Senior Accountant

    Sept 2008 - Mar 2010

  • Financial Accounting Analyst

    Nov 2006 - Aug 2008
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  Costain Group PLC

  Feb 2018 - Feb 2021

  Head Of Financial Planning and Analysis

  Key Achievements•Working with c-suite stakeholders and responsible for the due diligence for a £100m equity raise•Leading a finance transformation project to move reporting to a new self-service platform on Power Bi•Consolidating two very different divisional finance teams into one centre of excellence to drive consistency and efficiency in processes across business •Implementation of the consolidation system (TM1) reducing a two-day process to 30 minutes allowing the team to provide management information that is driving insight and action•Revamping the monthly board reporting packs enabling delivery two days earlier than before•Re-designing the cash reporting process to bring greater alignment between the divisions and group driving accuracy and increased collaboration•Revising the “project on a page” report indirectly achieving a board objective• Following a CEO change, reconfigured the reporting structure in the system to align to the revised organisation structure• Report to Finance Director and manage 2 direct and 7 indirect reports • Manage the preparation of the monthly Executive Board performance reports including insightful focused commentary, explaining the key variances to budgets and latest forecasts• Support the integrity of the financial results through rigorous analysis of the project reports and challenge to commercial and contract teams (including JV contracts) in order to deliver the financial performance expected of the Divisions• Proactive analysis, efficient processes and effective collaboration with the Divisional FDs, Commercial Directors, Managing Directors and Group Finance• Preparation and analysis of quarterly cash reporting to the banks• Lead the annual budget process, ensuring that Group & Divisional requirements are understood and reflected in the activities and outputs• Assist the FDs to challenge the strategy, divisional 5-year strategic plan and budget Show less

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  Jaspar Group

  Jan 2021 - Dec 2022

  Finance Director

  Jaspar is a family-run property investment and development company specialising in luxury listed building conversions and new build developments. In 2021, the investment division had an annual rent roll of over £1m while the development business generated £75m revenue, £3m profit, and ended the year with a build programme of over 300 units in the pipeline.Key Achievements• Leading the delivery of the first five-year business plan for the group• Restructuring one group of the business for the next family generation to take over via a MBO• Redomiciling a BVI group back to the UK including getting HMRC clearance on splitting the business• 24-hour completion of an acquisition from seeing the site to ownership• Introduction of invoice approval workflow through to automated invoice postings onto QuickbooksResponsibilities• Report to CEO and manage 3 direct reports• Managing relations with various lenders, lawyers, tax and accounting advisors• Raising finance for new acquisitions and developments• Group cashflow control across 3 group structures including BVI companies• Appraising acquisition proposals including challenging assumptions• Overseeing completions of acquisitions and disposals• Presenting quarterly management accounts for the board• Overseeing the annual financial reporting across 50+ SPVs Show less

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  Holders Technology

  Jan 2023 - Aug 2024

  Group Finance Director

  Holders was an AIM listed Technology business specialising in wireless lighting control solutions, lighting components and printed circuit materials within the European and Australasian markets. Group revenue in 2023 was £8.4mKey Achievements• Delisting the PLC from the AIM market, tender offer and share cancellation• Organisation restructure to reduce the cost base leading to an 8% reduction in overheads• Redistribution of finance roles and responsibilities within the group to drive efficiencies• ERP implementation Microsoft Dynamics Business CentralResponsibilities• Ownership of the accounting, FP&A, investor relations, legal, tax, and treasury functions, including for subsidiary companies and foreign operations. • Oversee the preparation and issuance of financial information, including budgets and forecasts including reporting financial reports to the Board• Oversee, review, and approve all published financial statements, interim and full year reports, RNS releases and other regulatory filings• Develop financial and tax strategies• Monitor cash balances as a result of overseeing cash forecasting• Maintain relationships with the company’s brokers and corporate finance advisors• Accountable for Company secretarial responsibilities, compliances and insurances. Show less

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  Momart

  Sept 2024 - now

  Finance Director