Event Information

With the rate of inflation predicted to hit around 10% by 2023, join our new webinar to hear advice for businesses looking to weather the storm.

As we near the end of the COVID-19 pandemic, with a series of supply chain shortages and conflict-raised commodity prices, manufacturing companies have some new financial and commercial challenges to deal with.

Our speakers in this webinar are Nick Tiley, Founder and Director Cambridge Financial Direction, a specialist accountancy service company and Katy Davies, MD of CamdenBoss, a medium sized manufacturing company based in Suffolk. Nick and Katy will share with you their insights and experience on the areas that businesses need to give the most attention to in order to survive and thrive in the next few years.

We will take a deeper look at these practical issues that businesses are grappling with:

• Costs – can the company fix future prices through forward contracts or hedging?
• Pricing – how can you price if costs are continuing to rise?
• Working capital – it’s imperative to ensure there is sufficient cash or facilities to support this.
• Wage inflation – are there alternatives such as more hours or overtime if the business cannot afford to raise the pay rate ?
• KPIs – are these still accurate?
• Stock - can the business buy more stock now to avoid future cost increases
• Quotes – try and be as open as possible with customers on pricing and potential price increases.

Key benefits

• Be inspired by speakers who are working in businesses and can offer practical and common-sense advice.
• Take the opportunity to hear from fellow accountants grappling with the same problems and issues.
• Pose your own question

About the speakers

Katy Davies, Managing Director, CamdenBoss Limited
Katy Davies is Managing Director of CamdenBoss Limited, a medium sized manufacturing company based in Mildenhall, Suffolk who are the UK’s leading provider of electro-mechanical components, connectors and plastic enclosure solutions for the electronics industry. With a strong focus on people strategy, Katy is also an Enterprise Advisor for Mildenhall College Academy and Chair of the Audit and Risk committee of the Perse School. Katy is an ICAEW Chartered Accountant by background, and in 2021 was voted into the “Top 100 in Manufacturing” in the category of inspirational leadership where she was selected as an exemplar. Previously, Katy worked for Marshall Aerospace in Cambridge, firstly in finance and then moving into operations. 

Nick Tiley, Director, Cambridge Financial Direction
Nick Tiley is the founder of Cambridge Financial Direction, a portfolio FD firm. Nick's background was in production engineering, then he became an ICAEW Chartered Accountant working in audit, and then corporate recovery, before going back into industry 30 years ago. He has worked for small, medium, large and international companies / groups in finance roles, sometimes combined with manufacturing operations responsibilities. 10 years ago he went down the portfolio route, and has since supported 30 companies in manufacturing, distribution, hospitality and service sectors. Nick has been on the ICAEW Manufacturing Advisory Group for 3 years and has written a number of articles for the Institute.

Simon Gray, Head of Business, ICAEW
Simon is a chartered accountant and ICAEW member who qualified with KPMG in Nottingham. After many years of volunteering, including District Society President, Chair of the Business Committee and Council Member, he joined ICAEW as Head of Business in December 2021. His background is in the recruitment, careers, membership and inward investment sectors. Simon has started and run his own businesses and served as a Non-Executive Director.

Costs

ICAEW members and non-members are welcome to join. To attend the webinar, you must join the community. Please click here to join online.