Peter Morgan

Partner

Peter has over 18 years working with distressed companies, advising both creditors and management teams going through financial restructuring and work-out. Peter has worked with a broad range of companies from privately owned companies in the UK to larger, publicly listed international groups.

Major Experiences

Prior to joining Talbot Hughes McKillop, Peter was a Director in Corporate Restructuring at Ernst & Young and Andersen.

Peter has played a key role in financial restructurings across a wide range of industries, including manufacturing, utilities and the retail and service sectors. Peter has extensive international experience covering the UK, Continental and Eastern Europe, the US and Japan.

Major Recent Projects

  • Led a THM team in 12 month project managing the acquisition of Eggborough Power Limited. Acted as interim CFO for a six month period post acquisition during which time he managed the implementation of a new finance and accounting system and led the development of new budgetary and cash flow forecasting processes and commodity hedging strategy.
  • Review of the financial forecasts of Almatis on behalf of the Management Board as part of its $1 billion debt restructuring.
  • Adviser to the board of a major UK furniture retailer in the lead up to an MBO, with workstreams including improving forecasting and developing and implementing working capital improvement initiatives.
  • Adviser to the board of Teesside Power Limited, a €1 billion energy generation business, during an 18 month commercial restructuring, leading to a sale of the company.
  • Advising the lenders to Ethel Austin a £250 million turnover UK based retailer, during a workout involving a substantial equity injection, strengthening of its executive management team and restructuring £100 million of senior debt.
  • Advising the board of a UK quoted leisure operator through a period of crisis stabilisation concluding with a refinancing of £100 million of debt.
  • Adviser to the Trustees of the Marconi Pension Scheme during the sale of Marconi’s business to Ericsson.
  • Advising the board of a UK based systems and control business, managing lender requirements ahead of a £2.7 billion refinancing.
  • Crisis stabilisation, cash management and solvent restructuring of international professional services group with debt of $250 million.