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Eircom Subsidiaries Financial Restructuring

Responsible for the financial restructuring of Eircom subsidiaries, eircom U.K. and Eircom Northern Ireland turning them from loss making to profitability within twelve months. Turnover in excess of €40m, staff of 50, delivering savings of €6m or 20%.

Project Involved:

  • Overall financial control and management of companies.
  • Balance sheet management resulting in working capital improvements of €40m.
  • Design and Implementation of robust financial processes, systems and controls.
  • Deploy new billing system for International Telecoms traffic significantly reducing time to issue invoices.
  • Initiated revenue assurance programme and identified €7m of previously unbilled international revenue.


  • Restructured loss-making business to profitability and achieved operating expenditure savings of €4m.
  • Balance sheet management resulting in working capital improvements of €40m debtor days reduced from 735 to average of 25 days where industry average 120days.

Client Testimonial

"As Finance Director of the business, Pamela was responsible for setting up the financial control systems with over €300m of annual capital expenditure, and establishing the financial systems for eircom Networks and Wholesale business, following floatation in 1999. During that period of major transformation of the business, Pamela distinguished herself in her grasp of the strategic issues and her ability to work with colleagues across a range of disciplines. She proved highly effective in both establishing the controls and disciplines necessary in a public company, and maintaining a positive and productive working environment. Her grasp of the key issues and her unique ability to communicate to senior management, made her one of the most valued and respected members on our team."

Martin Keating
Finance Director eircom Ireland

For more information about our services, please email us at: or call: 00353 86 043 3625.


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Primary Contacts

Harrison Financial Consulting
28 Westland Square
Pearse Street
Dublin 2

T: 00353 86 043 3625

In connection with...

PWC Eir Hewlett Packard

AIB O2 Bank of Ireland Irish Continental Group

Ernst & Young Openet Arvato


The Institute of Chartered Accountants Ireland

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