The Team at Seriously Sorted

The Team

Neil Budgen Managing Director	Dorothy Macedo Director	Anthony Marangos Senior Advisor	Karpal Chana Technical Advisor	Keith Macleod Company Secretary

Neil Budgen Founder - Director - Advisor

Neil became self employed in 1984 following an extremely varied life of work and further education. After a brief spell as a sole trader he bought a share in Howitt & Griffiths, a small engineering company. The business was in decline having lost its main client and turnover had fallen to a mere £1.5K per month. Neil turned the business round in a little over fifteen months, bringing turnover for the year to £115K. He achieved this through the successful integration of new technologies to the company coupled with his skills in financial planning and credit control.
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After buying out his partner Neil continued to grow the business with the acquisition of Dexter Precision Engineers and then Microlimit Limited. Neil then successfully on sold the operational facilities of Dexter’s for what he’d paid for it minus the clients and a significant amount of plant and equipment. The recession of the late 1980s devastated the sectors that the company operated within. Neil made the difficult and unusual decision to both reduce indebtedness and enforce strict credit terms. These decisions reduced the companies’ financial exposure to its failing clients, resulting in minimal bad debt for the period. With the recession behind him Neil made further acquisitions of another couple of small enterprises, Weylec, a specialist in rechargeable batteries and then Electronic Accessories Limited, a long term direct competitor to Microlimit. After 20 years in manufacturing Neil decided it was time for a change – a complete change and headed off to New Zealand (it’s a long story). Here he started his business consulting career working with a variety of owners of small businesses with a diverse range of issues. His greatest success being getting a revaluation of a business increased from NZ$106K to NZ$485K from the same prospect. Unfortunately the vagaries of immigration policy and politics resulted in his failure to gain permanent residency. On his return to the UK he decided to build a team to bring meaningful results to a broad range of small and micro business owners. Having seen so many good businesses fail to sell over the years Neil is particularly keen to help the owners of small and micro businesses engage in exit planning. Neil has also acted as a non executive director of Bio-Clair International Ltd. He remains active within the Federation of Small Businesses where he was Branch Chair of Hillingdon and representative to the London Regional Committee. Throughout his 10 years in New Zealand he was active within the Wellington Chambers of Commerce and gifted his time to Business Mentors New Zealand

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