practical support

Six Months on from Talbot Hughes McKillop’s MBO

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In the six months since Talbot Hughes McKillop (THM) secured its independence, the turbulent economic environment has continued to escalate and even quality businesses are beginning to suffer from the combined impact of recessionary pressures and over-leveraged capital structures.

Default rates are predicted to increase from 0.6% (2007) to over 13.5% in 2009. Covenant and cash flow issues are forcing businesses to enter into negotiations with cash constrained lenders. Getting deals done has become tougher and is often taking longer.

THM MBO Announcement

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I am delighted to inform you that our partners have today completed a management buy-out of the Kroll Talbot Hughes business from Kroll. The buy-out involves the entire London based team and with immediate effect we will revert to our original name - Talbot Hughes McKillop.

The original founders will continue to work in the business, with Chris Hughes and Murdoch McKillop being partners and John Talbot becoming a Special Adviser.