Filtrona Finance - Financial Data

Filtrona Finance, now known as Essentra Finance, is a crucial, albeit often unseen, component of the broader Essentra PLC, a global provider of essential components and solutions. Originally operating under the Filtrona umbrella, which was later restructured, the finance division plays a vital role in managing the financial health and strategic direction of the entire organization. The primary responsibility of Essentra Finance is to oversee and manage the financial operations of the Essentra group. This includes a wide range of activities, from budgeting and forecasting to treasury management and financial reporting. Specifically, they are charged with developing and implementing financial strategies that align with the company’s overall business goals. This involves analyzing market trends, identifying potential risks and opportunities, and providing financial insights to support decision-making at all levels of the organization. A significant aspect of the finance function is the preparation and analysis of financial statements. This ensures accurate reporting of Essentra’s financial performance to shareholders, regulatory bodies, and other stakeholders. The finance team is responsible for complying with all relevant accounting standards and regulations, maintaining robust internal controls, and ensuring the integrity of financial data. These actions are critical for building trust and maintaining the company’s reputation in the financial markets. Beyond routine accounting and reporting, Essentra Finance plays a key role in supporting strategic initiatives. This could involve providing financial modeling and analysis for potential mergers and acquisitions, evaluating the financial viability of new product development projects, or assessing the impact of major capital investments. By providing these insights, the finance team helps to ensure that Essentra makes informed decisions that maximize shareholder value. Furthermore, Essentra Finance is responsible for managing the company’s cash flow and working capital. This includes optimizing payment terms with suppliers, managing inventory levels, and efficiently collecting receivables from customers. Effective working capital management is essential for ensuring that Essentra has sufficient liquidity to meet its financial obligations and fund its growth initiatives. The finance team also plays a vital role in managing the company’s relationships with its banks, investors, and other financial institutions. This includes negotiating loan agreements, managing debt levels, and communicating with investors about the company’s financial performance and outlook. A strong relationship with these stakeholders is crucial for ensuring that Essentra has access to the capital it needs to fund its operations and growth. In a global organization like Essentra, the finance function is often structured to support different business units and geographic regions. This can involve having regional finance teams that are responsible for managing the financial operations of specific areas, as well as a central finance team that provides overall leadership and coordination. This structure allows Essentra to effectively manage its financial operations on a global scale, while also ensuring that the specific needs of each business unit and region are met. In summary, Essentra Finance (formerly Filtrona Finance) is more than just bean counting; it’s a strategic partner within Essentra PLC, driving performance, mitigating risk, and ensuring the long-term financial health and stability of the company.