MEET TIM BYRNE
Tim is fundamentally an expert in growth business. He has spent the last 35 years working in businesses and industries at a point of their emergence or disruption.
Having started his career in commerce at Granada TV, at that time ITV were losing their monopoly position on TV advertising and was looking to diversify into new markets. The building of the Granada Studios Tour business, Granada Promotions (selling merchandise) and the Studios Hotel was his first hands-on involvement with start-up business. These businesses, as has proven always to be the case, had a business plan produced though hope and random number generators! The importance of the road plan became obvious if only to highlight where the original thinking was wrong. The discipline of ‘The Plan‘ was embedded in Tim’s approach to business from that stage.
Tim went on to join Airtours plc later MyTravel plc as Group Financial Controller where he eventually became Group CEO. During his tenure, the Group saw massive growth from £973m to £5.2bn turnover over a nine year period, during which the industry saw a period of consolidation and then disintermediation by on-line operators and low-cost airlines. During this time the Group, became geographically diverse and vertically integrated, he also steered the Company through the travel industries darkest times post 9/11. While at MyTravel Tim was involved in everything from the rebranding of its assets though £billions of acquisitions, asset financing and fund raising.
Tim went on to set up the Management Alliance a business that advised on the direction, control and exploitation of high growth businesses. This advised on new and existing businesses ranging from SME’s to public company mergers and IPO.
In 2011 Tim was asked to join CN Creative. Newly recapitalised by Advent Life Sciences the business was looking to create the world’s first medically approved e-cigarette. It became clear very quickly that the work being undertaken had a predefined life span and that others with much larger resources would need to commercialise the approved product. Tim led the sale of the business in December 2012 (17 months after the fund raising) to British American Tobacco (BAT) for £40m, a 19 times multiple for Advent. Tim remained with BAT for two years following the acquisition running their Northern UK Office as Finance Director and General Manager for Nicoventures Trading.
During this time Tim was working with the original owners of CN Creative to set up and finance a new venture Nerudia. The Company played on three strengths manufacturing in an MHRA licensed and GMP controlled environment, giving regulatory advice and an Innovation department creating new products and IPR in the nicotine and cannabinoids space. Under his control he led the sale of the business to Imperial Brands plc for £106.5m in October 2017, this produced, in under three years, a return to shareholders of over 30 times their investment.
Since leaving Imperial Brands Tim has become Chairman of Ginger Group a business specialising in Science, Innovation and Technology recruitment that help businesses find the talent that they need to build robust teams to build value for their owners in emerging markets. One of Ginger’s key skills is identifying personality types that can operate in growth environments.
Tim also currently advises several companies as varied as an International Auction Company, a home improvements manufacturer, and clients in the medical and technology sectors.
Tim is a Fellow of the Institute of Chartered Accountants in England and Wales, a professionally trained mentor and coach and a member of the Medical Cannabis Clinicians Society.
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