Stuart Sheehy

What Not To Do / Stuart Sheehy

Qualifications

  • FCA – Chartered Accountant
  • BComm (Hons)

Areas of expertise

Client profit focus, Flexible and Innovative approach, Improve existing structures, Work with client staff

 

Comfortable in difficult situations

My Expertise

Stuart offers the following skills and capabilities to a range of businesses:

– Financial Controller / Finance Director flexible service

– Restructure accounts departments

– Work with client staff

A graduate of UCD and a qualified Chartered Accountant, Stuart has 25 years experience across a variety of industries and in many different countries. He has had a constant career focus on bringing efficiencies, procedures and controls while implementing and achieving cost savings that do not impact on operations. Stuart has brought this approach to both large and small organisations and has worked with many companies including:

  • Image Magazine / German Irish Chamber of Commerce / Fit for Life / Q-Tech / etc – Financial Controller flexible service.
  • AIG – Internal Auditor.
  • P&O / Wincanton – Divisional Financial Controller.
  • Celtech Software – CFO.

Examples of assignments include:

  • Prepare monthly profit and loss with budget variance analysis and decisions now made 2 months ahead of norm.
  • Achieve E600k savings for client with E5m turnover
  • Improved monthly reporting cycle by 1 day for an Irish subsidiary. This reporting cycle was rolled out to all subsidiaries of the international group.
  • Training client staff to carry out more of the financial reporting resulting in a 75% reduction in on going accounting costs.
  • Established procedures and internal controls including new bank reconciliation standard. Reduced bank reconciliation days required from 4 to 1.

My Articles

  • Don’t be out of balance

    Business is like real life. If things are out of balance there will generally be pressure or some toppling over. Businesses operate in a similar environment where out of balance can mean lost profits. Don’t be out of balance in business practices.

  • Don’t Offer Services In Areas Where You Are Not A Subject Matter Expert

    Often there is a temptation for business owners to take all sales leads that come their way, especially when a business is starting out however, I would caution against offering services in an area where you are not a subject matter expert as this can lead to irreversible reputational damage.

  • Don’t Start Your Business Until You Set Up The Back Office

    Introduction For all business owners setting up your own business is an exciting time, you have a fantastic product/service ready to launch and you can’t wait to get started. Your initial thoughts are to start selling and get the money flowing in. You have invested in technology to ensure that…

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