Gordon Montgomery

 

Gordon founded The OnBoard Partnership LLP (“TOP”) in 2009. He has extensive experience on the boards of both public and private businesses covering a wide range of sectors and has personally raised capital for, or advised on the sales and acquisitions of, over 70 companies. Having qualified as a chartered accountant with one of the ‘Big Four’ accounting firms in London, he joined their investigations and insolvency practice for a couple of years before moving into private equity with Gresham Trust plc in 1984. He was then recruited to help set up Cambridge Capital Limited, part of Capel Cure Myers (a leading stockbroking firm) where he became managing director of both the unquoted investments fund management arm (which included the funding of university research spin-outs) and the corporate finance arm.

In 1989, following ‘Big Bang’, when Capel Cure Myers became part of ANZ Merchant Bank, Gordon set up his own independent financial consultancy specialising in the sale of private companies (through a company called Oasis Europe Limited); financial management for growth companies; and company turnarounds on behalf of private and institutional investors and banks. In 2005, having floated one of the turnaround projects on AIM, Smallbone plc, he was persuaded to join full-time as COO and CFO.

Smallbone grew from £15m turnover in 2003 to over £60m in 2008 (half from organic growth and half by acquisition); turned around from pre-tax losses of over £0.3m to pre-tax profits of £2.6m; and turned negative annual operating cash flow of £1m  into positive of £4.5m. About 25% of the business was based in the US by the end of 2008 and the company had collected a series of awards for the quality of its financial reporting and presentation. However, the credit crunch had a massive impact on the top-end of the kitchen furniture market with sales in early 2009 more than halving. The company’s bankers took the decision not to support the restructuring plan put forward by the directors and having overseen the ‘fire-sale’ of all its subsidiaries in a series of pre-pack administrations in March 2009, Gordon left to establish TOP.

Gordon has three grown-up children and is Treasurer of a breast cancer charity. He enjoys cycling, gardening, tennis, golf, travel and playing the guitar.