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8020 Nottingham
Glenn Lawrence
Tel 01949 844442
Mob 07973 104044

With over twenty years in the banking sector, Glenn started 8020 Financial Management in 2004 having identified a niche requirement for outsource financial services in the SME market.

Glenn is an Associate of the Chartered Institute of Bankers and during his banking career held several management roles, latterly with regional responsibility for a large portfolio of SME clients in the East Midlands.  It was this direct interface with the SME market that acted as a springboard for the creation of 8020 and continues to inform our powerful and effective 8020 approach today, now managing in excess of £75m of combined SME client turnover across the network.

Glenn’s current portfolio include a vehicle recovery business operating across four sites, where as an integral member of the management team his background has positioned him perfectly to lead the raising of credit lines of £2.5m with banks and Asset Finance providers.  This has delivered an increase in turnover by 200% over five years.

Working with a training provider across two sites, Glenn undertook a rigorous business review resulting in the introduction of a full budgeting process and a new accounting system.  His interventions alone have reduced annual accounting costs by £50k per annum.  Glenn subsequently managed the buyout of two of the four director/shareholders.

Whilst working with a confectionary wholesaler (£4.5m turnover) Glenn reduced stockholdings by 25%, boosting cash by £100k; he also initiated stock delivery controls to save £10k per annum.  The visibility of accurate financial information enabled Glenn to negotiate a short-term funding facility, generating a £60k profit as a result of the company being able to take advantage of large wholesale opportunities.