Interim Managing Director, P & L responsible, managing a start-up business through a critical phase of development (end of design, build, test and deployment)
Business completed design, build and on shore test phases, first pin foundation deployment achieved
Business sucessfully refinanced, most service and some component contracts renegotiated (typically £1M for a service contract)
Myriad technical, operational and legacy issues resolved to ensure progress
As Interim Managing Director, I ran a near start up (zero turnover, part funded by Innovate UK) tidal energy business through a period of intense technical, organisational and financial development and change. This included embedding the cultural and behavioural changes needed to move from being a start-up, R&D business to a plc operating unit.
I focused the business on the transition from design to first-of-type production (all parts and equipment were subcontract manufactured), managed conflict between resource requirements, set clear priorities and filled in the technical gaps that are to be expected in a small company.
I put practical commercial frameworks into place, particularly with marine services suppliers. With others, I managed the refinancing of the business as well as closed many complex legacy issues.
I managed myriad one off technical/commercial issues as well as the interface with the industrial backer, all in a very complex political context. I eliminated paralysis in decision making.
The business was later (after my time) sold for over £40m with its technology proven.