Teresa graduated from Newcastle University in 1977. She joined the Newcastle upon Tyne office of a Big 5 firm as a student accountant and transferred to the firm's Department of Privatisation Services in London in 1989. From December 1986 to August 1987, she was seconded to the UK Governments Enterprise and Deregulation Advisory Panel for a two-year term. She was the winner of the “Young Accountant of the Year Award” for 1988 in recognition of her contribution to the small firm's sector, her profession and work with Government.
Teresa joined Baker Tilly in 1989 and during her time there she headed up their Business Services Department.
She now works independently focusing on her two passions – strategic advice to ambitious, growing businesses and liberating these businesses from the fetters of red tape. She holds a number of non-executive directorships in SMEs as well as in one of the largest private companies in the UK. She also has a variety of mentoring and advisory roles in other growth businesses.
With her red tape hat on Teresa has just stepped down as Deputy Chair of the Government’s Better Regulation Commission (BRC) after twenty years of working in this arena. She is Chairman of the Administrative Burdens Advisory Board of HMRC. She is also Charing the Regulatory Board of the Royal Institution of Chartered Surveyors.
Her most recent publications are a major piece of work on litigation and compensation for the Lord Chancellor, an independent review for the Chancellor of the Exchequer on the Small Firm’s Loan Guarantee Scheme and is a groundbreaking study for the Prime Minister, “Less is More”.
She is currently a Patron of Network, a national forum for women in business.
In her spare time she has been the past Chairman of the London Society of Chartered Accountants and still advises The Institute of Chartered Accountants in England and Wales on SME issues. She is the 2007 Laureate under the ICAEW Award for Outstanding Achievement awarded annually to a member of the Institute who has made an outstanding contribution in any fields of endeavour.
She was also a past member of the Accounting Standards Board’s Committee for Accounting for Smaller Entitles (CASE); a past member of the Government’s Ministerial Group on Access Business; past Chairman of the RSA’s Educational Policy Committee; past Governor of Bromley College of Further Education, past member of the Advisory Committee of the Office of Further Education; past member of the Advisory Committee of the Office for National Statistics, a non-executive member of the Advisory Committee of the Steering Board of the DTI’s Small Business Service, a member of the DTI's Small Business Council and a former Director of Business Link London South.
Teresa was awarded a CBE in 2007 New Years Honours list for public service and an OBE in the 1997 New Years Honours List for services to Better Regulation and the small firm's sector.