FINANCE DIRECTOR

WELSHPOOL

INTERIOR PRODUCTS GROUP LTD

The Business:

Seymour John has been retained exclusively to hire a Finance Director for Interior Products Group Ltd (IPG) due to retirement.  IPG is a circa £40m turnover, profitable, owner-managed international business.  First established in 1967 the business has evolved from a manufacturer of PVC-coated fabrics, into a leading supplier of interior products.  Their principal trading divisions are Newmor Wallcoverings and Morland.

Newmor Wallcoverings makes up around 25% of the sales turnover with offices in UK, Poland and Dubai, further supported by a well-established international distributor network.  From one-off projects to global branding programmes, they are suppliers to many of the world’s leading financial, corporate, hospitality and healthcare institutions, alongside interior designers, architects and leisure groups.

Morland manufacture and supply and range of pre-finished fit out products in the UK and into Europe through their Belgium 3rd party logistics business.  Their integrated manufacturing divisions produce interior panels, architectural profiles, patented fire doors and a range of ‘prefit’ products designed to reduce the need for on-site finishing.

With the help of a professional management team and external Non-Execs, Interior Products is run today by the grandson of John Morris, the founder of the company over 50 years ago.

The business has been well-invested in with modern manufacturing and an up to date ERP system.  There are multiple opportunities improve the business further and grow sales.

The Culture:

Having integrity and being trusted is an absolutely fundamental cornerstone of IPGs offering and culture.  Proud of being a family business, James talks to everyone at every level as an equal.  They invest a lot and have a long-term perspective with financial stability an important consideration in decisions.  They can offer secure employment and have many very long serving employees.  Whilst a family-owned business, this is not a lifestyle company, but a professionally run, ambitious and scaling business with proper corporate systems, processes and governance.

They have a healthy self-questioning attitude, quick to analyse themselves and mitigate risk and take calculated opportunities if they do present themselves.

The Opportunity:

With the current Finance Director retiring in 6 months, it’s an opportunity to take a fresh look at the finance function.  We think this is a genuinely exciting proposition for someone hungry to join the business and help us to drive it forward, in particular:

• Taking our business information to the next level and making us more data-driven, to include full use of Power BI and other reporting tools.
• Providing clarity on our profit drivers, risks and opportunities.
• Partnering with our Directors and Managers to drive focus and even better financial outcomes.
• Contributing strongly to the strategic development of the business working closely with the Divisional Boards.  This includes being a key leader in any M&A activity, domestic or international growth.
• Continue to shape finance team (currently 6 people), IT and HR to provide great service to the business as it evolves.  Support HR and IT leaders with decision making and budgeting.
• Provide leadership on working capital management, optimal use of funds, financing, banking relationships, foreign currency, tax optimisation and compliance internationally, capex appraisals, audit and the Company’s progress towards Net Zero.
• Company secretarial and oversight of property leases, legacy DB pension scheme, shareholder dividends, insurances, energy contracts.
• Manage the IT team and external consultants on continued development of the ERP system (Microsoft Dynamics 365 Finance and Operations).

Remuneration & Contractual terms

• Standard hours 8 to 5pm Mon-Thu and 8 to 2:30pm Fri.  Approx 80% on site in Welshpool.
• £Competitive base salary
• c£8,000 Car Allowance
• Private Full-Family Health Cover
• 25 days holiday + Stats
• Director Bonus Scheme split 50% personal objectives and 50% discretionary/group performance.