BusinessBusiness RecoveryBegbies sets up 120-strong interim management panel

Begbies sets up 120-strong interim management panel

Begbies Traynor launches BRITE - a panel of 120 staff to provide interim turnaround help

A panel of 120 Begbies’ professional staff has been formed to provide interim
board members for struggling businesses.

Known
as
BRITE
, the panel features 120 staff from London, the south-east and
the regions. They will provide interim executive support to businesses in
turnaround situations.

The professionals come from a wide range of backgrounds in terms of
experience, but there is a focus on automotive; retail, healthcare, airlines and
travel; sport and leisure; and construction.

“In a restructuring situation, speciality executives with operational
experience of working with distressed companies can be vital in turning a
business around. We will be able to offer companies high-calibre directors with
many years’ direct experience of company turnaround situations,” BTG
restructuring partner Nigel Atkinson.

The firm hopes that banks and private equity investors will draft in panel
members without paying the usual commission rates charged by agencies for
interim turnaround managers.

Further reading:

AATV:
Interim management as a career

Begbies
profits climb in 2010

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