Paul Weeks
Managing Director @Midas Touch Solutions Limited
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WORK HISTORY
Managing Director @Midas Touch Solutions Limited
Midas Touch provides the support of a Financial Director at a cost that your business can afford to help it reach its true potential. Midas Touch stands out from our competitors because we don’t just work for you; we work with you. We add value by taking the time to understand your business, your market, your culture and your vision and help you to deliver your goals. Our team provides the expertise you need to develop a plan that will drive your business. We will help you develop a targeted strategy and ensure you have the historical financial information and forecasts to clearly identify how your plan is progressing. We will prepare the forecasts that are critical to identifying your future cash and funding requirements and will assist with securing additional financing as appropriate. Midas Touch has significant experience of mergers and acquisitions and has advised buyers and sellers alike. We know what is required to maximise your returns or secure the best terms for further investment and will help you develop your business before going to market. Midas Touch will bring experience and knowledge to nurture and inspire your business; working together to add value. We have recently completed the successful sale First Choice Recruitment a construction recruitment business based in London. We helped this Company achieve a 7% increase in gross margin and improved the cash position from a net debt of £1.3m to being cash positive. We have added value to every business with which we have worked. Paul Weeks is now an accredited business adviser with ibd offering access to over 200 experienced business persons
EDUCATION
University of Hertfordshire
Business Studies
ABOUT PAUL WEEKS
Chartered Accountant with extensive M&A experience. Wide sector experience including waste management, distribution, retail, leisure, pharmaceuticals, textile import/export and media. I have worked in owner managed business, VC backed companies, JV operations and companies with turnovers from £4m to £500m. I am now seeking to provide part time and project support to companies with a turnover between £1m to £15m. I have recently become an accredited business adviser with the ibd Business Advisory Group, a network of around 200 experienced business professionals providing the potential for a MD of a SME to access the same level of expertise as the MD of a FT 250 Company Major achievements; The successful sale of the following • Keith Weeks (Wholesale) Limited • A to Z Supplies Limited (2 transactions separating the schools general supplies & catering supplies to maximise disposal proceeds) • Schools PFI Company – this business had potentially significant long term liabilities • Accord plc – Key member of team resulting in disposal for 22 x EBITA • First Choice Recruitment Limited The acquisition of the following; • 2 x commercial waste collection businesses • Wood recycling business • Buildings maintenance company • Quantity Surveyor business • 50% share of joint venture from Jarvis plc Other major accomplishments include; • Key member of team that completed £35m Group refinancing (Accord plc) • Instigated and managed procurement initiatives that resulted in annual savings in excess of £500k p.a.(Accord plc) • Improved cash position from £1.3m debt to being cash positive (First Choice) • Negotiation of landfill gas agreement generating revenue in excess of £1.5m p.a.(Cleanaway) • Negotiated deal with landowner providing benefits exceeding £16 million (Cleanaway) • Negotiation of bank facilities totalling £5 million (Boftex) • Agreed £2.5m equity/debt investment by VC Specialisms: Mergers & Acquisitions Fund raising Introduction of controls and reporting
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