Natural Resources:
UK finance function for an overseas company listing on AIM
Our client, a British-based oil and gas company with exploration
and development interests in Paraguay, was planning to float
on AIM in order to raise sufficient funds to finance a drilling
programme on several target wells. They had no formal finance
function in London, but required a part-time finance director
to prepare consolidated group accounts for filing prior to
flotation.
Richard Simpson
oversaw completion of the necessary sets of accounts, which
were audited and signed off within three weeks. We also delivered
interim statements in September prior to the placing.
We worked closely with the company’s directors, several
of whom had major travel commitments and needed to rely on
a safe pair of financial hands in London, and we also liaised
with CDS’s auditors and lawyers throughout.
CDS’s shares were placed on 27th September 2005, and
we remain involved providing further accounting assistance.
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Richard Simpson:
Chief Operating Officer
Having graduated with a
degree in biochemistry, Richard joined Fisons' pharmaceutical
division in 1987 as a management trainee. He qualified
with CIMA in 1990 and enjoyed eight years with Fisons
working in the UK, Singapore and France in a variety
of head office, commercial and manufacturing environments.
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