KPMG has appointed Stuart Lawson as one of its Chief Restructuring Officers.
Lawson’s resume includes a spell as chief executive at distressed leisure
group SFI Group, owner of the Slug & Lettuce, Litten Tree and Bar Med pub
chains. During his time there he restructured the executive team, replaced
auditors and concluded a forensic investigation before developing and
implementing a business recovery plan and financial restructuring.
Lawson said: ‘It is great to be joining such an established and experienced
team at a time when the business world is increasingly looking for the right
experience and support to navigate through this challenging environment.’
Mick McLoughlin, KPMG’s global head of restructuring, said: ‘We are delighted
to have Stuart on board. Our CRO team is well established and we have seen
demand grow in recent months. The credit crisis has brought an end to the days
where it is relatively easy for a company to refinance itself out of a problem.
Put simply, there are fewer options out there so people need experienced
turnaround executives, like Stuart, who can quickly steady the ship at a time of
crisis and put it back on course towards a successful future.’
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children