Flywheel IT Services is a company formed to consolidate the IT Services market, and thereby provide much better services to UK businesses.
IT Services in the UK are currently delivered by thousands of small firms that often provide good service, yet are unfortunately indistinguishable from each other except by their geography. The unnecessary cost of duplicating identical capabilities is ultimately borne by UK businesses.
We are currently professionalising the operations of the businesses we acquire, which allows us to develop tailored services for our specific customer's needs. This is a level of tailored care and service not possible to customers of the smaller, fragmented companies.
Laurie Fry, Board member
Chief Financial Officer
Laurie Fry has a successful track record in international businesses, including market entry, turnaround and restructuring scenarios.
During his time with SABMiller Mr Fry led a number of east European M&A projects, including target identification, negotiation and integration. When the group made its first major public company acquisition, the AUD 12 billion entry into Australia, Mr Fry was given lead responsibility for a major multi discipline integration work stream.
As a finance director, has had full finance responsibility at Management Board for stewarding another multi-billion pound business through 50% profit growth, resulting in the acquisition of the company by an equity swap between shareholders (this gave his parent company full control).
Mr Fry has implemented financial controls and post-acquisition finance integration. He has also initiated and overseen a world-wide SAP financial system and finance department outsourcing program at the same time. This covered 8 different countries on 3 continents.
Mr fry’s career has had him working closely with the CEO and senior executive / board on all aspects of strategy development and execution, including extensive M&A, supply chain negotiations and partner/JV arrangements. This senior leadership has been for large multi-national companies such as SABMiller and Unilever.
During this time, he has been involved in numerous capital raising and debt restructuring exercises.
Mr Fry has strong international experience with green-fielding development for over a decade in Russia and the Ukraine, and before that, 3 years in the French speaking African markets such as the Congo. He is fluent in both French and Russian.
Roger Lane-Smith, Board member
Roger Lane-Smith was until April 2005 the Executive Chairman and Senior Partner of DLA Piper Group LLP, now the World’s Largest Law firm, which under his leadership grew through acquisition and geographical expansion from a single partner office to revenues exceeding US$ 2.3 billion.
He established a corporate structure that was, at the time, ground-breaking and introduced commercial management disciplines to underpin its global integration.
Roger’s experiences of building the world’s largest law firm are documented in his auto-biography at http://www.amazon.co.uk/Fork-Road-Partner-Largest-Practice/dp/1848317972.
Along with his leadership to build his law firm, Mr. Lane-Smith’s area of practice spans decades of corporate finance, with his firm garnering global renown for large and complex mergers, acquisitions and disposals.
Roger has extensive experience of:
- Creation and implementation of corporate strategy
- Management of high talent and service oriented business
- Planning, instigating and managing structural change
- Boardroom practice/Corporate Governance
- Audit, Nomination and Remuneration Committee experience
- Extensive Corporate Finance/M&A experience
Matthew Thomas Bagley, Board member
Commercial and M&A Director
Matthew Bagley is a private equity CFO with 20 years’ experience in finance and international operations with expertise in software, cloud-based technology, media, financial services and consumer electronics.
Mr. Bagley has worked in both the UK and US with fast growth entrepreneurial companies seeking international expansion, rapid growth and business transformation. Mr. Bagley has experience in private equity and venture capital backed companies, privately held companies and he has served as CFO of UK listed company.
Since 2014, Mr. Bagley has served as CFO of private equity backed eFront. In 2015 he helped manage the LBO of the business, which was acquired by private equity investor Bridgepoint for €300 million from Francisco Partners private equity firm, which included securing a debt facility of €130 million.
Mr. Bagley served as CFO at Omnifone, a leading global business-to-business provider of cloud-based digital music streaming. During his tenure the company experienced rapid growth in revenue, and moved from the investment phase to profitability. He was instrumental in structuring and negotiating commercial contracts with key partners including, Sony Corporation, Blackberry (RIM), Vodafone, HTC, Sony Ericsson, Spotify, BSKYB, Hewlett Packard and Sirius XM (Liberty Media), which provided the company with material recurring revenues.
Mr. Bagley completed an interim assignment on behalf of MMC Ventures, a venture capital fund, at a software-as-a-service (SaaS) portfolio company Reevoo, serving as interim CFO, where he completed a successful funding round for the business and was pivotal in developing a new SaaS based business plan.
Mr. Bagley also served as Finance Director for ViewSonic, a leading display technology brand, in Europe delivering a significant contribution towards sales growth which more than doubled to nearly $400 million in three years and by driving efficiency in the business he helped turn the company around from a loss making operation to profitability.
Mr Bagley held early roles with Pricewaterhouse Coopers in the UK, before moving to their US offices. He was to leave 9 years after joining as a Senior Manager for their Los Angeles office.
Matthew David White
Founder and Chief Executive Officer
Matthew White has held senior IT leadership roles as Lead Enterprise Architect and as Consultant to some of the largest companies in the world. During his 21 year career he has served the Banking, Pharmaceutical, Government and Retail sectors leading large scale transformation and migration projects.
The environments Mr White is called to work in are often highly complex – multi-site, multi-national and multi-vendor on technically disparate platforms in organisations with more than 100,000 users and operating in more than 100+ countries.
Mr White has recently consulted to the Swedish telecoms giant, Ericsson, helping them to build their internal cloud function. He was instrumental in standardising the global hardware platform as well as building the common infrastructure layer for their internal cloud.
Certified to the Open Group’s TOGAF practitioner standard, he led multiple yearly assessments of the Kingdom of Saudi’s largest ministry, the Ministry of the Interior, assessing their architecture function. His reports led to measurable improvement in production, speed and consistency of delivery as well as user satisfaction.
Mr White led a multi-year engagement for the total design and delivery of an IT & Business strategy for a major London university. The project re-aligned a 160 person IT department toward a changed business strategy saving over £8m while also vastly upgrading the IT systems.
Mr White has led project teams for the migration and consolidation of many data centres for the clients of consultancy firms IBM and Infosys. While at Infosys, Mr White held a principle consultant role in charge of the Data Centre Transformation practice, a team of 87 architects and consultants over 3 continents, and turning over $5m revenue in consulting fees.
Mr White’s early career was with architecture roles at Barclays, State St Bank and Ashurst (a Top 8 UK law firm) and engineering and security roles with an Australian bank.
You may wish to sell it completely and move on.
You may wish instead to only sell portion and be a part of this adventure (we are always looking for great people who want to improve the industry)
You can introduce businesses that we buy.
Our preferred businesses are already engaged in
- IT Consultancy
- Software integration
- IT Support