KPMG behind the ‘Business Rescue of the Year’

Kenny McKay, Partner in KPMG’s Leeds Restructuring team was instrumental to the stabilisation and turnaround of the business while Richard Fleming, KPMG’s national Restructuring head, and Brian Green, of the firm’s Manchester team developed and were nominees of the CVA.

The KPMG team took the accolade in front of 400 restructuring professionals at the Insolvency & Rescue awards ceremony in London last week.

Kenny McKay, who accepted the award, said: “It’s fantastic to have hard work and innovative thinking recognised with an award. However the real reward is that the failure of the business was averted, preserving both shareholder value and thousands of jobs.”

Richard Fleming, UK Head of Restructuring at KPMG, said: “When the JJB CVA was developed in April, it was ground-breaking. We are finding that boards of directors are much more comfortable with the CVA process, as they remain in control of their business and it's less invasive than the traditional administration process.”