Introducing TTC Finance

Introducing TTC Finance

Over the last few months, we have expanded our TTC Finance team to provide more hands-on support to our clients and help them manage their way through the Covid-19 pandemic. We thought now might be a good time to introduce them and tell you more about how they can help! 

Having an effective finance function is integral to running a successful travel business.

Running a travel business has never been harder, and having an effective finance function is more critical than ever. However, building the right finance team can be difficult and time-consuming.  Throw in the unique complexities of the travel sector, and it’s little surprise that finding suitable candidates can be a challenge. 

During the pandemic, we’ve been supporting our clients with experienced, practical, senior financial support.

We’ve raised funding through government loan schemes, managed the furlough process, built flexible financial models to help understand cash positions and react to rapid changes in trading outlook, and dealt with demands for information from stakeholders.

Above all, we’ve been there, in the room*, supporting owners and directors, and helping them make better decisions.

How do we work?

Our experienced team of finance professionals can fill the skills gaps in your existing team. We provide tailored financial support on a fully flexible basis, that can be dialled up or down to suit your needs, from a day a month up to five days a week.

We can pick up specific projects, provide an experienced hand on the tiller, or even provide temporary support to cover illness or parental leave.

We provide board-level financial input, but we aren’t shy of getting our hands dirty either. We assist businesses at a Financial Director and a Financial Controller level. 

Between us, we have decades of experience working with important stakeholders like HMRC, the CAA, ABTA, IATA, merchant acquirers, banks, insurers, FX providers and private equity firms. We can support your discussions or manage these relationships on your behalf. 

*mainly on Zoom to be fair. 

Meet the senior finance team

Adam Pennyfather, Director

Adam heads up the financial consulting and outsourcing unit of TTC Finance. A team of dedicated individuals that help to provide pragmatic solutions to complex financial and regulatory problems faced by the travel industry. 

After spending 10 years in the travel industry, Adam understands what makes a great finance function. He also truly believes a great team will not only help you sleep at night but achieve your ambitions and above all, deliver value to the business and its shareholders.

Adam acts as a Financial Director for several clients. He and his team work with a wide range of travel businesses, including start-ups. They cover a broad range of services, in areas such as cash flow management, financial projections, assessing and mitigating financial risks, managing third party stakeholders, and providing management with financial insight. 

Ultimately, they get to talk about travel all day and who doesn’t love that!

Get in touch with Adam: [email protected]

Matt Ansell, Consultant

Matt is an experienced finance professional, with a boat-load of travel and tech industry experience. 

As Finance Director of the Hidden Travel Group, he completed several acquisitions whilst overseeing all financial, commercial and regulatory matters. At Stone Ventures, Matt was a member of the Pebble Travel Investors advisory board providing senior financial support to a number of successful travel investments, notably Ski Solutions.

Matt joined TTC in August 2020 and provides financial and strategic expertise to a number of our clients. 

Prior to his work in the travel sector, Matt spent six years in Ernst & Young’s corporate restructuring division where he qualified as a chartered accountant.  

Get in touch with Matt: [email protected]

Sarah Winship, Consultant

Sarah joined TTC from Virgin Holidays’ commercial strategy team in May 2020. She supports our clients and their finance teams with scenario forecasting, debt raising and strategic decision making. 

Her 13-year career with PricewaterhouseCoopers’ London, Sydney and New York offices, working on mergers and acquisitions, stock market listings and financial due diligence mean she is no stranger to high pressure and tight timescales. 

Sarah loves travelling and has visited the four corners of the globe to ski in Mongolia, watch rugby in Japan, and track rhinos in Botswana. Nevertheless, she still maintains close links with her native North-East as an Advisory Board member of Newcastle University Business School and a trustee of the Students Union.

Get in touch with Sarah: [email protected]

Jade Stutely, Operations Director

Jade has bags of hands-on finance experience having held senior finance positions in several businesses ranging from startups to public listed companies. She qualified as an ACA Chartered Accountant with PricewaterhouseCoopers and works with companies to optimise their business processes and tighten their controls.

Jade is also TTC’s resident travel trust account expert and she brings much-needed clarity to the many complexities of modelling, setting up and running a trust. 

Jade is an intrepid traveller and travel blogger. She travels whenever she can, but still has a fair bit of the globe to cover. These days she tends to spend time reminiscing but will be back to exploring as soon as the world opens up again. 

Get in touch with Jade: [email protected]

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