UK - South & London Archives - The IFT


AlixPartners has worked with clients around the world for more than forty years, helping businesses respond to challenges when everything is on the line—from urgent performance improvement to complex restructuring, from risk mitigation to accelerated transformation.

Each project is different, but they all have one thing in common—a need for decisive, informed, and often urgent action. And because that need is at the heart of everything we do, it has come to shape every aspect of our business.

The way we work—with our clients, as well as each other—is as much a part of who we are as what we actually do. It’s what makes us different—and the partner of choice for some of the world’s most successful as well as some of the most challenged companies, when it really matterssm.


  • Management consulting
  • Strategic planning
  • Corporate restructuring
  • Go-to-market strategies
  • Digital and technological transformation
  • Business growth and performance improvements
  • Accelerated business transformation
  • Investigations, disputes & risk
  • Economics consulting

Sullivan & Cromwell


Sullivan & Cromwell LLP provides the highest quality legal advice and representation to clients around the world. The results the Firm achieves have set it apart for more than 140 years and have become a model for the modern practice of law. Today, S&C is a leader in each of its core practice areas and in each of its geographic markets.

S&C’s success is the result of the quality of its lawyers, the most broadly and deeply trained collection of attorneys in the world. The Firm’s lawyers work as a single partnership without geographic division. S&C hires the very best law school graduates and trains them to be generalists within broad practice areas. The Firm promotes lawyers to partner almost entirely from among its own associates. The result is a partnership with a unique diversity of experience, a culture of collaboration, exceptional professional judgment and a demonstrated history of innovation.

Clients of the Firm are nearly evenly divided between U.S. and non-U.S. entities. They include industrial and commercial companies; financial institutions; private funds; governments; educational, charitable and cultural institutions; and individuals, estates and trusts. S&C’s client base is exceptionally diverse, a result of the Firm’s extraordinary capacity to tailor work to specific client needs.

S&C’s restructuring and bankruptcy litigation practice has been involved in a number of the most significant restructuring matters in recent years. Our business model rests on three competitive strengths:

  • Multidisciplinary Excellence. A significant corporate reorganization is a multidisciplinary assignment. Few firms match the quality of S&C across the major corporate and litigation disciplines. S&C is unique in its ability to handle all elements of a corporate restructuring – whether or not an insolvency proceeding may be used as a tool – with world-class resources. In Europe all of the restructuring partners are New York and English qualified.
  • Innovative Techniques. We approach a restructuring situation as sophisticated deal lawyers, with broad experience in corporate law, finance law and global transactional practice. We are equally comfortable with bankruptcy and non-bankruptcy execution paths. In bankruptcy, our cases are marked by the successful adoption of innovative capital markets and M&A techniques to the legal requirements of Chapter 11 or foreign insolvency regimes.
  • Specialization in Going Concern Reorganizations. We specialize in going concern reorganizations. As a result, we have a different mindset, culture and toolbox than generalist ‘bankruptcy’ lawyers.

S&C comprises over 875 lawyers who serve clients around the world through a network of 13 offices, located in leading financial centers in Asia, Australia, Europe and the United States. The Firm is headquartered in New York.


The UK’s largest Business Recovery Services (BRS) practice.

With almost a thousand staff in twenty-four offices, PricewaterhouseCoopers is the UK’s largest business recovery services (BRS) practice, providing advisory services to lenders, creditors, companies and individuals in troubled financial situations.

Colleagues in the firm pool knowledge from tax and assurance to advisory, ensuring clients are given the specialist situational knowledge needed to make the right decisions.

Playfair Partnerships

Playfair Partnerships are a small boutique firm, operating across Home Counties, South-east and South-west England to provide business turnaround services to owner-managed organisations. We operate exclusively in the SME world – very different to large corporates – and in addition to addressing business concerns, we provide a full financial management service – including essential forecasting and cash management tasks – both during and after a turnaround.

Our Vision
We are passionate about working with owner-managers to help guide, protect and develop their businesses. Our goal is to provide a high-quality service, fusing together the best of business advice and financial management in one seamless offering.

Our History
Playfair Partnerships was formed in 1992 to offer owner-managers high-level cost-effective business and financial advice. Initially focusing exclusively on business turnarounds, our service offering developed as clients came out of their turnaround stage and sought business growth, strategic and financial management support.

As we worked closely with our clients, we have developed our team, contacts and service offering to provide a comprehensive support package to them, and in turn, they have come to value not just our financial expertise, but our wider strategic business counsel.

Many clients, banks, professional advisors and other partners have since chosen us as their long-standing trusted advisor, enhancing our reputation and growing our track record for high-quality services and advice.

Our Approach
With over 25 years of industry experience, we have faced just about every challenge our clients are likely to encounter. Along the way, we have developed sharp business instincts and analytical skills enabling us to seize opportunities, as well as spot and resolve issues.

We are there to ascertain what has gone wrong and why, and then to work with the business owner to determine solutions and help implement them. Along the way, we will provide financial control and manage the cash – the latter an essential ingredient, as without cash, the business won’t survive.

We can then sign off, or quite often, continue to provide support to the owner after a successful turnaround, as it enters its next stage(s).

Playfair Partnerships IFT Associate Members

Simon Playfair, Managing Partner, Playfair Partnerships

You can find Simon’s CV here


Richard Cranstone, Partner, Playfair Partnerships

You can find Richard’s CV here


From its base in London, Macfarlanes advises many of the world’s leading businesses and business leaders, from multinational companies to high-net-worth individuals. We are recognised for the quality of our work, dealing with the full range of corporate and commercial matters.

Our restructuring and insolvency team provides comprehensive and expert advice in a constantly evolving legal market. The strength and resources of our highly-rated restructuring specialist lawyers enable us to advise on the most complex deals.

Our specialist expertise includes restructurings, distressed M&A, insolvency proceedings, distressed and special situations investments, distressed debt and claims trading and portfolio acquisitions, and restructuring and insolvency litigation.

We work seamlessly with our banking, M&A, tax, real estate, commercial, antitrust, pensions, employment, regulatory and funds teams, to advise in relation to any challenges which may arise on a restructuring.

Lloyds Banking Group

Lloyds Banking Group Business Support Unit’s mission is to support the turnaround of all viable businesses for the benefit of our customers, stakeholders and the wider community to help Britain prosper.

The Business Support Unit works closely with customers in financial difficulty to establish clear and timely turnaround strategies with the aim of returning customers to financial health. Our approach is clearly defined and we supported the development of the IFT Statement of Principles.

Our approach is empathetic and we take each customer’s individual circumstances into account. Our team provide national and regional coverage reflective of the businesses and communities we support. We continually review and enhance our approach to supporting all our customers, including those in financial difficulty.

Where a turnaround is not possible, our team work with customers to explore alternative options and solutions. Insolvency is always considered only as the last resort. Where a business is not viable or an insolvency event occurs, our independent Recoveries team works with customers to agree repayment plans and a way forward.

We take pride in supporting customers across all sectors of the UK economy, from the smallest owner-managed business to large and quoted entities. We have a strong track record of supporting business turnaround, wherever possible working with the customer to provide time to address the root cause issues, knowing that a successful outcome will help preserve businesses and jobs and help Britain to prosper.


Delivering successful change in challenged situations

Kingsgate is a well-established turnaround and transformation consultancy delivering successful change for organisations in challenged or difficult situations.

We understand how to improve results in demanding environments by designing and delivering a range of bespoke solutions in all stages of turnaround to organisation-wide transformation and have successfully applied our expertise in the private and public sectors. We hold a particularly strong record and reputation within the NHS.

Kingsgate’s experienced team consists of a varied background of board roles in the corporate environment, non-executive directorships and blue-chip management consultancy. This gives us a valuable and unique combination of breadth and depth, a genuine know-how backed by first class intellectual and analytical capability. We have strong relationships with other specialists whose skills complement our own.

Our assignments include supporting some very challenging situations. Applying a no-nonsense style to fixing problems, we underpin our enviable track record of increasing the value of businesses with analytical rigour and a methodical approach.