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Award-winning accountancy firm

The global accountancy and consulting market is principally made up of homogeneous international organisations and small-scaled local players. BDO is neither but offers the advantages of both. We offer the flexibility, expertise, closeness and personal service of a local organisation together with the quality, professional expertise, strength and reputation of a long-established international network. The best of both worlds.

BDO’s Business Restructuring team works with businesses that are facing financial and operational difficulties or potentially insolvency. Whenever possible, we will look to return a business to health and success. We will work with the management team and other stakeholders to identify the best possible outcome. We have a commercial approach to preserving value, finding efficiencies and improving business performance.

Our clients include companies and their directors, domestic and international banks, pension funds, private equity, alternative investment funds and government agencies.

Our team consists of over 200 staff across the UK. Internationally, we are a key member of the BDO global network that operates in 162 countries. Our partners have also spent time working in industry and in other jurisdictions. They have developed a strong understanding of business.

We cover a range of areas including;

• Corporate Insolvency
• Contentious Insolvency
• Restructuring Advisory
• Corporate Streamlining
• Pensions Advisory
• Special Situations M&A
• Personal Insolvency
• Operational Improvement & Effectiveness

The Business Restructuring team works closely with the Corporate Advisory Services team. The Corporate Advisory Services team works with corporates to drive improvements in liquidity, cash flow management and operational effectiveness.

DLA Piper

DLA Piper’s UK Restructuring group has over 40 restructuring lawyers across our national network of six offices: Birmingham, Leeds, London, Manchester and Sheffield.

Our knowledge, experience and resources serve a diverse client base encompassing debtor, lenders, government entities, private equity sponsors, trustees, shareholders, directors, and distressed debt and asset buyers and investors.

We manage assignments from the mid-market to the largest national and international restructurings and insolvencies and are experienced in managing all contentious issues arising from such cases. Our lawyers have significant experience of advising clients on investigation, enforcement, litigation and asset recovery on a multi-jurisdictional basis.

We advise clients across a wide range of industry sectors and have particular strength in energy, financial services, healthcare, hospitality and leisure, real estate, retail, sports, technology and transportation. We are proud of our long-standing relationships with the principal professional advisers in the market.

We have been recognized as ‘Legal Adviser of the Year’ at the 2018 Institute for Turnaround (IFT) Awards. We are proud that two of our clients, Hearts of Midlothian plc and Willerby were recognized by the IFT as well. In 2014 Hearts of Midlothian plc won ‘Listed Company Turnaround of the Year’ award and in 2017 Willerby Group won ‘Large Company Turnaround of the Year’ award.

DLA Piper’s Global Restructuring Group is one of the largest in the world, with more than 200 lawyers across the Americas, Asia Pacific, Europe and the Middle East.

Key contacts:

Leeds – Richard Obank,
London – Jonathan Richards,

FRP Advisory

FRP Advisory is one of the UK’s largest independent turnaround and restructuring firms focused on supporting its clients across the whole decline curve. FRP has a track record of creating, preserving and recovering value across a range of complex situations.

FRP have 31 restructuring partners and 215 staff across 12 offices providing solutions to SME and mid-Market businesses in some form of distress.

Key business lines include turnaround management, corporate debt advisory, refinancing, interim management, accelerated M&A, insolvency and recovery. They pride themselves to deliver a high standard of service to clients.

Key objectives of FRP’s partners are helping businesses survive and prosper, safeguarding jobs and stakeholder value. Overall they aim for “collaborative, results-driven, accountable leadership in all we do”.


Kroll’s Restructuring Advisory practice assists companies, financial sponsors, lenders and other stakeholders in challenging and distressed situations to identify new paths to growth and enhanced profitability. Our range of services include independent business reviews, debt advisory, cost reduction exercises, corporate simplification, management assessments, operational process improvement and supply chain management.

Duff & Phelps acquired Kroll in 2018 and began transitioning our firm to the Kroll brand in 2021. We begin this new chapter with a fresh look and a clear and confident vision for the future, helping clients to cut through complexity and providing clarity in all areas of business.

Kroll is the world’s premier provider of services related to valuation, governance, risk and transparency. We specialise in the areas of valuation, expert services, investigations, cyber risk, corporate finance, security, restructuring, legal and business solutions, data analytics, due diligence and regulatory compliance. Our firm has nearly 5,000 professionals in 30 countries and territories.