Aaronite

Jeremy Jensen - Consultant


Jeremy Jensen

Jeremy Jensen has extensive experience at board level in crisis management, risk management and turnaround in a career spanning 25 years in the UK and overseas.

He has managed the disposal of multiple distressed assets including large and small trading businesses in the UK, US and Far East, the management and disposal of significant property portfolios and the formation of joint ventures.

He is currently a director of and advisor to several companies undergoing turnaround.

Jeremy was a Director of NHP/ Libra a 1.3bn property company as Chief Restructuring Officer and Chairman to run and represent the company through its lender refinancing between 2009 and 2014.

In 2011 he led the break-up of Southern Cross, taking back 241 care homes and forming a new operating subsidiary of HC-One with 10,500 residents and 14,000 staff which is the 3rd largest Care Home Group in the UK. This process involved dealing with numerous government, media and other stakeholders.

In April 2009 he was appointed to the board of McCarthy and Stone (a house builder) following its restructuring and in the succeeding 4 years acted as Chairman, Chief Executive and Senior Non-Executive Director at various times as the business turned around, invested and grew its profits culminating in the successful sale of its debt and shares to reimburse its original bank led financiers. In 2013 he oversaw a £367m rights issue supported by the new owners to reduce indebtedness and place the business on a sound financial footing.

Prior to this he was on the Board of Hospedia the former Patientline Telecoms business with 65,000 terminals across over 200 locations as a Non-Executive Director assisting in its sale to Private Equity in August 2010 to recover debts for its lenders.

Jeremy was also on the board of the Jarvis Hotel Group until September 2011, when the group was sold through a pre pack Administration process to recover debts for its lenders.

In the Media and Telecoms sector he has worked for Reuters, Factiva and latterly Cable and Wireless where he was on the board of C&W Europe, UK, America and Asia (turnover £2bn), as interim Chief Executive and Chief Financial Officer in the period 2005 - 2007, rationalising the business and integrating the £750m Acquisition of Energis. He was responsible for over 900 properties in the UK and overseas including an £80m sale and lease back of central London property. In 2003 - 2004 he managed the separation and disposal of a large FTSE100 telecoms subsidiary through Chapter 11, and the disposal of IDC communications to Softbank in Japan.

He was Director of Audit and Global Risk management at Reuters Group between 1999 and 2001 responsible for implementing governance processes to comply with the Combined Code.

He was Chief Financial Officer of Reuters Japan and a founder Director on the board of Safetynet Japan a joint Venture between KDD, Reuters and Safetynet UK between 1994 and 1997.

Prior to this he held a number of senior general management and finance positions in the Middle East and Africa.

In 1987 he raised funding through private equity for Data Entry International a private data processing company where he was a Director on the board.

Jeremy qualified as a Chartered Accountant with Arthur Andersen in London, holds a degree in Economics and Economic History from the London School of Economics and is a Trustee of Marie Curie Cancer Care in the UK

 

The symptom of trouble is usually found in cash burn and customer losses. There are two priorities: the support of a good team and fundamental change to put things right for customers.
Speed is essential.

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