Finance Department

Welcome to The Finance Department, your flexible accounting and financial solution. Established in 2014, our mission is to revolutionise the way businesses manage their finances by offering a unique, adaptable service that grows with your company. Our objective is to provide a more flexible solution, allowing businesses to scale and modify their financial services effortlessly in response to changing business needs.

The Finance Department is the brainchild of our Managing Director, Mike Watts. With extensive experience as an in-house Financial Director and as a consultant for large accountancy firms, Mike identified a gap in the market for a more adaptable financial management solution for businesses. Having observed the limitations of relying solely on communication with accountants and the impact on internal teams managing day-to-day accounts, Mike embarked on a mission to transform the financial management landscape.

Mike Watts - Managing Director, FCMA

After earning his Accounting and Finance degree, Mike began his career in Central Government, transitioning to the commercial sector. He held a global reporting role at Nortel Networks, a multinational telecommunications and data networking equipment manufacturer before becoming the Finance Director (FD) for a local entrepreneurial business services company, Crisp Group. During his 10-year tenure as FD, Mike provided Non-Executive FD support to Crisp clients across various sectors and created an outsourced finance offering.

Mike currently offers interim and part-time FD support to SMEs and the public sector across the South West in diverse industries, with turnovers between 1m and 30m. Additionally, Mike drives The Finance Department, committed to providing flexible financial direction to businesses.

Key Skills:

• Strong leadership, communication, and negotiation skills
• Providing relevant and timely management information
• Analysis and improvement of business processes
• Implementation of new financial systems
• Hands-on and practical approach to financial management
• International, multi-site operations

Jo Watts - Commercial Director

With 20 years of experience running her own retail business in Torbay, Jo brings valuable insights in retail, HR, and procurement. She supports a variety of companies, typically with less than 1m turnover and 50 employees, with a strong focus on HR and procurement.

Key Skills:

• Hands-on experience in the Retail sector
• Managing and motivating staff
• Xero Bookkeeping
• Strong negotiation skills

Emma Sturgess - Finance Manager, MIAB

Emma's calm and composed demeanour makes her an invaluable asset to our clients. She excels at meeting tight deadlines and consistently delivers high-quality work.

Key Skills:

• Providing relevant and timely management information
• Preparation and submission of VAT returns
• Preparation and submission of monthly payroll
• Preparation of Statutory Accounts and Corporation Tax Returns
• Xero Certified, with experience in Sage, Quickbooks, and Clearbooks
• Excellent communication skills

Teresa Grieve - Finance Controller, FCCA

Teresa has held various Senior Financial roles in Manufacturing, Services, Charities, and the Public sectors. Her qualifications and expertise enable us to deliver high-quality financial services to our clients.

Our Services

At The Finance Department, we offer a comprehensive range of financial services tailored to your business needs. Our offerings include:

Bookkeeping Essentials

Gain control of your accounts and finances with our Bookkeeping Essentials. We create a finance package tailored to your business needs and aspirations, from bookkeeping to payroll services.

Management Accounting

As your business expands, understanding the intricacies of your accounts and performance becomes crucial. Our Management Accounting service provides the peace of mind that your finances are under control, enabling you to focus on growing your business.

Finance Director

If you're not ready to employ a full-time Finance Director, our expertise is available on a flexible basis. This approach allows your business to adapt more easily while gaining external perspective and informed decision-making.

Xero Certified Advisors

We are proud Xero accounting software advocates. Its real-time capabilities and accurate, detailed information foster informed business decisions. Our expertise ensures a smooth transition and maximises the benefits of Xero for your business.