Ben Tatham is a Managing Director with Alvarez & Marsal's Corporate Performance Improvement team in London. He brings 18+ years of experience working with management teams to identify, plan and implement performance improvement opportunities – including both P&L and/or balance sheet focus. His primary areas of specialism are Working Capital & Cash Optimisation, Transformation / Turnaround Planning, Operational Governance and Operational Due Diligence. Mr. Tatham has worked with clients across a range of industries, including retail, FMCG, oil & gas, healthcare and telecommunications.
Recent selected projects that Mr. Tatham has led include:
Working capital optimisation projects for UK retailers (including a major grocer, two grocery wholesalers, a large department store chain, and a number women's fashion brands). Projects have included detailed analysis of underlying transactional performance, peer benchmarking, development of implementation plans, and establishing an appropriate 'cash culture'.
Engaged by an Oil Supermajor's Group treasury team to assess the liquidity controls within the Business as well as challenging and recommending changes to their Financial Framework. The work resulted in fundamental changes to central Treasury controls and a re-prioritisation of shareholder liquidity commitment. This led to wider review of working capital across their downstream business with identified cash opportunities in excess of $1 billion.
Working for a $10 billion asset portfolio in Abu Dhabi, he led a team that overhauled the portfolio's operational governance framework, establishing an effective control environment. The resulting framework was the basis for the establishment of a new holding company, the disposal of non-core assets, the revaluation of the remaining portfolio and targeted turnaround interventions.
Restructuring Officer for a luxury motor yacht manufacturer. Ben developed a three year turnaround plan (including a medium term cash forecast and cost saving initiatives) which formed the basis for the sale of the business.
Prior to joining A&M, Mr. Tatham spent 18 years with KPMG in London, where he was a Partner in their UK Restructuring business. He was one of the founding members of their Turnaround and Liquidity team, with a primary role in developing their working capital methodology.
Mr. Tatham earned a bachelor's degree from Durham University. He is a Chartered Accountant (a fellow of the ICAEW) and has an Executive MBA.