Lorraine Ellison, ACMA 💚

Chartered Management Accountant and Entrepreneurial Business Leader

Professional Overview

Lorraine Ellison is a seasoned Chartered Management Accountant with over 20 years of experience in financial management and business operations. She leverages her expertise in accounting, tax, and strategic planning to drive the success of her own ventures and support the growth of small and medium-sized enterprises.

Experience Summary

Current Roles

Chartered Management Accountant 💚 and Founder, Simply Additions Ltd (2006-Present)

Established and leads a thriving accounting and business advisory firm, providing tailored solutions to clients across various industries.

Oversees all financial operations, including accounting, tax planning, and strategic financial management, ensuring the long-term sustainability and profitability of the business.

Advises clients on optimal financial strategies, tax optimization, and regulatory compliance, enabling them to achieve their organizational goals.

Founder, The Tax Box Ltd (2022-Present)

Launched a specialized tax advisory and compliance firm to offer comprehensive tax services to small businesses and individuals.

Ensures clients stay up-to-date with the latest tax regulations and optimize their tax liabilities through proactive planning and expert guidance.

Career Progression

Financial Controller, Pickerings Lifts Europe Ltd (2000-2006)

Managed all aspects of the finance function, including budgeting, forecasting, and financial reporting.

Played a pivotal role in implementing cost-saving initiatives and improving the company's overall financial performance.

Financial Controller, Dunlop Industrial Hose (1998-2000)

Oversaw the financial operations of the company, ensuring accurate reporting and compliance with financial regulations.

Contributed to the development and implementation of strategic plans to enhance the company's profitability and market competitiveness.

Commercial Manager, Universal Transformers (Whitecroft Group) (1997-1998)

Provided leadership in the commercial and operational aspects of the business, driving revenue growth and operational efficiency.

Demonstrated strong problem-solving and decision-making skills in a fast-paced, competitive environment.

Academic Background

Chartered Institute of Management Accountants (CIMA), Chartered Management Accountant 💚

Bachelor of Science (BSc) in Accounting and Finance, University of Sunderland

Areas of Expertise

Financial management and reporting

Tax planning and optimization

Budgeting, forecasting, and cash flow management

Strategic business advisory services

Compliance and regulatory guidance

Process improvement and operational efficiency

Professional Impact

Established a successful accounting and business advisory firm, Simply Additions Ltd, and a specialized tax advisory firm, The Tax Box Ltd.

Advised numerous small and medium-sized businesses on optimal financial strategies, enabling them to achieve their growth objectives.

Played a key role in improving the financial performance and operational efficiency of several organizations throughout her career.

Actively contributes to the accounting and entrepreneurial communities through professional development initiatives and thought leadership.

Conclusion

Lorraine Ellison is a highly accomplished Chartered Management Accountant and entrepreneurial business leader. With her extensive experience, technical expertise, and strategic mindset, she has a proven track record of driving financial success and operational excellence for her clients and her own ventures. Lorraine's dedication to providing comprehensive financial solutions and her commitment to sustainable business growth make her a valuable asset to any organization.