Teresa joined the Newcastle upon Tyne office of PWC as a student accountant and many years later was honoured with an honorary Fellowship. In 1986, she was seconded to the UK Government’s Enterprise and Deregulation Unit reporting directly to Lord Young, the Secretary of State for Employment and then Trade and Industry. In 1988 she was appointed to the Government’s Deregulation Advisory Panel and served through two decades of administrations, most notably as Deputy Chair.
Teresa joined Baker Tilly (now RSM) in 1989 and during her time there she headed up their Business Services Department.
She now works independently focusing on her three passions – strategic advice to ambitious, growing businesses, liberating these businesses from the fetters of red tape and “Head of Parties and Fun” at The Lexi Cinema, a social enterprise, digital, boutique cinema in North London covenanting 100% of its profits to a charity in South Africa called The Sustainability Institute Trust. She holds a number of appointments, including non-executive, mentoring and advisory roles in growth businesses.
She is currently Chairman of the Administrative Burdens Advisory Board of HMRC and a member of the Treasury’s Office of Tax Simplification. She was also a past Chair of the Regulatory Board of the Royal Institution of Chartered Surveyors receiving an honorary membership in recognition of her contribution to the Institution. She chairs the SME Advisory Group at UK Finance.
Teresa was awarded a DBE in the 2020 New Year’s Honours List for services to Small Businesses, a CBE in the 2007 New Year’s Honours List for public service and an OBE in the 1997 New Year’s Honours List for services to better regulation and the small firms sector.