About the Company:
We are a boutique service company established to offer value-adding corporate services to the community of small businesses including start-ups, growing businesses and SMEs.
Our team brings forth a cumulative of 30+ years of experience in the full spectrum of corporate service functions including accounting, taxation, corporate secretary, human resource management as well as banking, corporate finance, private equity, cloud and digitalization solutions.
Not just your mere accountant, we come with business consulting and investment background. We have the unique all rounded experience in what could make business management successful and enterprise value optimized.
We work closely with all stakeholders including our clients, partners, employees, and practise inclusive hiring from our differently abled community. We codename this Project AGARWOOD.
Project AGARWOOD is our project to empower marginalised Singaporean to attain professional skill sets and uplift to be Professionals, Managers, Executives and Technicians (PMETs) through the accounting profession and by leveraging on technology.
Project AGARWOOD is not merely attempting to create basic employment or empowerment for our marginalised Singaporean to earn a living, but we aspire to create the possibility and opportunity for our marginalised Singaporean to hold onto esteemed career with higher economy value and output for our society and economy, with the emergence of new technological tools and a formation of a team of people with a mix of relevant professional experience and social impact motivation to open the door for our marginalised Singaporean to be PMETS.
Through our empowerment program, batches of differently-abled candidates will have the opportunity to be uplifted to be a professional PMET after 3-5 years. Please refer to our PPT attached for more information.
Hopefully, this can also be a case study for other professions to engage and support our marginalised community and to create a virtuous cycle of social impact in our economy and a multiplying effect across the industries.
Project AGARWOOD is a member of raiSE and has been awarded Venture for Good grant funding for its social impact motivation.
As of todate, one of our candidate, who is hearing impaired with no accounting background, is now successfully trained to perform accounting tasks and drafting of financial statements with limited supervision. In particular, she has also successfully attained the Xero Accounting Solution Advisor Certification.
Founder / Director:
Johnny Goh has been CFO of SME and public listed company, a private equity investment professional, corporate banker, auditor and chartered accountant. He now supports the small and medium businesses with financial management, compliance, investment and business advisory.
After over 27 years of experience and skill sets in these corporate backgrounds, he feels his contributions to the world, while necessary, are not truly making a difference in this world. He believes that the years of work for large business and financial corporates did not mean as much as using the experience, skill sets and time to support our small business and startups community.
Beyond the commercial world, Johnny is also involved in charitable causes and social sector capacity building, including advising charities and social enterprises on financial and digitization solutions. He is also an accredited and approved Singapore Certified Management Consultant recognised by Enterprise Singapore.
ACHIEVEMENTS & SUMMARY
- More than 27 years of Finance and Accounting experience with Audit, Banking, Public Listed Company, Charities and Private Equity investment background,
- Strategic and business planning experience, Financial Planning and Analysis,
- Investment/divestment/ JV/ M&A experience
- IPO pre and post administration
- Corporate Secretary experience
- Project lead for ERP, accounting digitalisation and cost cutting measures
- Active involvement in community, social enterprise and charitable works.
- Singapore Certified Management Consultant (Tuv-Sud)
- Certified Advisors (Xero, Quickbooks Online, Justlogin, Talenox)
- Qualified Individual & Registered Filing Agent (with ACRA)
HIGHLIGHTS OF PRESENT AND PAST EXPERIENCE
Founder & Shareholding Director
o Agarwood Corporate Services Pte Ltd, commencing operations in year 2023 (for corporate services)
o Ashoka Tree Associates Pte Ltd, commencing operations in year 2019 (for advisory and consultancy services)
Head of Shared Services & CFO of a leading social enterprise (Empact Pte Ltd, 5 years)
o Empowering to impact, Johnny hopes to see the social sector supported with more efficient allocation of resources to enable a virtuous cycle of benefits to our society.
o He is also involved in community and charitable causes for the promotion of education, medical and poverty alleviation etc.
o He leads the team in supporting 60+ non-profit organisations in their financial management. The consultancy he oversees including bookkeeping, payment processing, financial reporting, setting up accounting system, digitalization, budget management and financial consultancy
o Clientele portfolio grew from 30+ (year 2018) to 60+ (year 2023) including government agencies, foundations, social enterprises and charities (of which about 1/3 are IPCs)
Group CFO and Head of Corporate Strategy for public listed company (Sin Heng Heavy Machinery Limited, 6 years)
o Structuring of acquisition of majority stake into a Malaysian subsidiary followed by complete buyout after 3 years. Achieve record profit for Malaysia subsidiary
o Structuring of acquisition of 50% stake into a Myanmar subsidiary with call option for complete acquisition. Subsequent full acquisition as a wholly owned subsidiary, bypassing foreign ownership restriction
o Achieve the best return to shareholders (Return on Equity and Dividend payout), lowest relative debt borrowings (Debt/Equity Ratio), most lean cost structure and best profitability for the financial year 2011, among comparable listed peers
Investment professional of private equity funds (SEAVI ADVENT Private Equity, CMIA, 5 years)
o Managing proprietary investment fund for private equity and venture capital investments in companies at various stages including early stage, growth, expansion, Pre-IPO, cornerstone and PIPE deals etc
o Hands on experience and knowledge on the full process of investment, including deal origination, evaluation, negotiation, due diligence (financial, legal, commercial, PI checks), documentation, execution, monitoring and exit (IPO, trade sales, other liquidity event)
o Investment in China based food catering business (deal size USD6m for significant minority stake) and Indonesian based container depot business (deal size USD7m as redeemable convertible bond)
o Fund raising from new investors (GIC, Olympus Capital), vendor share sales of existing investors and eventual IPO of China based food processing business (fund raising USD23m, IPO $237m)
Group Financial Controller, stationed in Fujian, China (China Minzhong Organic Food Corporation Pte Ltd, 3 years)
o Involved in restructuring, streamlining and expansion from a factory operation based in Fujian to various other sales and production facilities in other parts of China including Yunnan, Inner Mongolia and Shanghai.
o Oversee the finance department operation and implementation of ERP system
o Facilitated fund raising, due diligence and transaction closing for additional investment from renown investment funds and exit of certain seed investors
Head of finance for SMEs (of a few successful local SMEs, 6 years)
o Understanding of the unique culture, characteristics and challenges of local SMEs and business owners
o Winning the Singapore Enterprise Award for a SME
o Hands on experience of financial matters of SMEs
Banking and audit experiences (Bangkok Bank, Deloitte, 4 years)
QUALIFICATION / EDUCATION
- Professional Singapore Management Consultant
- Singapore Certified Management Consultant (ESG recognised certification program)
- CFA Institute
- CFA Level III
1999 - Present
- Institute of Singapore Chartered Accountants (ISCA)
- Chartered Accountant (CA)
1993 - 1996
- Nanyang Technological University
- Bachelor of Accountancy