KPMG has launched a new turnaround executive team as part of its
The team will be headed by two business recovery experts with first hand
experience of rescuing struggling businesses
John Darlington, who helped turnaround travel business MyTravel, and Chris
Howell, who restructured operations at First Leisure and led the company to a
sale, will head the new executive team.
Both will begin their new roles this week.
Mick McLoughlin, head of global restructuring and recovery at KPMG said:
‘Market attitudes to corporate recovery have changed significantly in recent
years and increasingly there is a need for different solutions to company
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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