Who We Are: Paul Pascan

Paul qualified with Touche Ross and gained experience as Financial Controller of Landleisure, a property Group also having interests in casinos, a tour operator and travel agencies and Prospective Group plc, an advertising agency and retail promotions group.

In 1990 he was appointed FD of Sally Ferries with responsibility for IT, HR and finance. He provided financial and systems input for a joint venture with a Belgian operator which doubled turnover to £150m, rebuilt its computer systems on an IBM mainframe, and was part of the team that negotiated the sale of assets and businesses. Paul was involved in raising finance for the acquisition and rebuilding of ships and all aspects of ship chartering arrangements, and reported to Swedish/Finnish parent under older version of International Accounting Standards,

In 1994 Paul became a non-exec director of fully-listed Jacobs Holdings Plc, which purchased the freight business of Sally Ferries and two freight ferries. Jacobs invested in shipping, property and transport businesses. Appointed as full-time FD in 1997, Paul undertook many corporate acquisition & sale projects and was responsible for raising finance to fund shipping and automotive asset purchases. He was responsible for all aspects of financial reporting, internal controls and liaison with auditors, audit committee and the board.

Following the purchase of the Jacobs Group, Paul became a part-time FD in 2003. He was the part-time FD of Serviced Office Group plc, helping to float the company on AIM introducing reporting under IFRS, and part-time FD of Perishable Movements Ltd, an importer of fresh produce.

Since joining in January 2006, Paul has:

• Prepared first-time IFRS-compliant financial statements for a $700m mining group with overseas operations.
• Assisted with documentation required to float a $200m bond on the Luxembourg exchange for a listed mining group.
• Rebuilt and restated consolidation and financial statements for a $180m mining group to ensure full compliance with IFRS.
• Built a first-time consolidation model and prepared financial statements under UK GAAP for a £600m software group based in the UK.
• Prepared first-time IFRS compliant financial statements for an AIM-quoted research group based in Italy.
• Rebuilt of financial statements of a Cyprus-based wholesale and retail group with operations across Europe and in the Far East; a fashion clothing and branding operation.
• Supervised and prepared IFRS-compliant financial statements, including first-time application of IFRS, for a number of other AIM clients within mining, financial services, media, leisure and manufacturing sectors.

Paul heads up the FD Solutions technical team, with specific responsibility for IFRS-compliant reporting and implementation, group accounting and reporting issues and listing documentation.