Phillip’s experience extends well beyond accountancy practice. He has held senior financial roles in commercial and manufacturing businesses, including businesses operating in clothing, plastics and stationery, together with practical involvement in importing, exporting and international shipping.
International trade can involve considerably more than buying and selling goods overseas. Shipping, foreign suppliers and customers, working capital requirements, payment terms, currency exposure and the financing of international transactions can all require specialist financial and commercial understanding.
His experience has also included involvement in raising finance for mining projects and in major investment and relocation projects. One such project involved the proposed relocation of a complete stationery manufacturing operation from South Africa to Ireland. The project required detailed financial and commercial planning and progressed to approval by the Irish Development Authority, although the owners ultimately decided not to proceed with the relocation.
This background provides practical experience of manufacturing costs and margins, stock and working capital, purchasing, production overheads, pricing, cash flow, capital investment, international trade, shipping and raising finance.
It also underpins the way First 4 Accounting approaches Business Advisory and Finance Director support. Accounts tell us what has happened. Good management information, commercial understanding and forward planning help business owners decide what should happen next.