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Success for KPMG at Institute of Turnaround Awards 10 December 2013

The restructuring team of international accountancy firm KPMG enjoyed a night of success at the 2013 Institute of Turnaround (IFT) annual awards ceremony.

The IFT awards recognise companies and organisations that have overcome difficulties and returned to strength due to excellent strategy and leadership.

The KPMG restructuring team walked away from the evening with four awards and several commendations.

For his turnaround work on LINPAC, John Darlington was named IFT Turnaround Professional of the Year.

The team was also awarded SME Company Turnaround of the Year for its work on Bowlplex, Financial Restructuring of the Year for its success with Mouchel and Private Company Turnaround of the Year category for its efforts with LINPAC.

KPMG’s work with Mouchel took the award for Financial Restructuring of the Year. Richard Fleming said: “Our work with Mouchel culminated in the de-leveraging of its balance sheet and the lenders providing new money, which in turn created a platform for Mouchel to implement in full its operational turnaround plan and regain its competitive position in the market.

“We have consistently delivered a high quality of turnaround and restructuring services, leading the market by combining experience and innovation to meet the high expectations of our clients.

“I am particularly delighted that John Darlington won the Turnaround Professional of the Year award, both for his Chairman role and for his turnaround work on LINPAC. This is the fourth time John has been recognised by the IFT for his work in the turnaround industry, and is enormous recognition of his achievements through his career to-date. Special mention also went to Colin Haig as CVA Supervisor for Bowlplex, which was named SME Company Turnaround of the year.”



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