UAP’s CFO Named as Finance Awards Finalist

April 7th, 2022 by Editor

Bonnie Hodson, CFO of UAP Limited, a specialist in locks and hardware for doors and windows, has been named as a finalist in the Finance Awards North West.

Bonnie Hodson

Nominated by the relationship director at HSBC, Josh Garrigan, Hodson is a finalist in the category of Finance Director of the Year (less than £50m turnover), recognizing the contribution she has made to UAP since she joined the company in 2018. She is one of seven finalists in the category.

“We are very proud of Bonnie, as a finalist in these awards and also for everything she has achieved since joining UAP. In everything she does, she constantly considers all stakeholders in the business, helping to nurture a cohesive and diplomatic working environment that facilitates growth. The transparency, inclusion, and good corporate governance she has developed have helped to encourage staff involvement and buy-in as we grow, fueling our continued success,” says David Jennings, CEO of UAP.

Since Hodson’s appointment as CFO, UAP has since grown from sales of £11.1m for the 2017 financial year to a turnover £20.6m for the 2022 financial year. The company’s strategy is to grow both organically and through acquisitions within five years. Hodson has been instrumental in the acquisition of a complementary business for UAP and the acquisition of another business out of administration. She also presided over the establishment of wholly foreign-owned UAP entities in the USA and China and implemented the structures to enable further scalability.

Among the achievements recognized by Hodson’s selection as an FD of the Year finalist are her contribution to UAP’s response to the challenges of the pandemic. As the company’s strategy shifted from growth to survival, she constructed a detailed financial plan, re-phased supplier payments, secured bank support for an additional £1m stock financing facility should it be required, and helped the company to diversify as a supplier of PPE.

Hodson’s nomination for the awards also recognizes her achievements beyond the company’s balance sheet. A key part of her remit has been to evolve UAP from a small company mindset to an ambitious enterprise without losing the culture that has made it so successful for the past 25 years.

The winners will be announced at a gala dinner on Thursday, May 12.

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