Member of BTG Global Advisory
Comments on Lehman Brothers

Nick Hood, Head of the International Practice of Begbies Traynor, the insolvency and business turnaround specialist, said:

“Nobody can predict how far the financial contagion from the collapse of Lehman Brothers will spread, but the credit crunch has reached the bleakest point to date. However, at the apparent darkest hour for financial companies worldwide, there is a vital importance on steady nerves and clear heads in the boardrooms of those companies and financial institutions which have been caught up unintentionally in the crisis. Lehman has been funding provider and/or financial advisor to 72 UK deals in the last three years so we can expect significant reverberations. Executives must take constructive action and seek independent, professional advice as to the best strategy moving forward. Companies with strong, experienced management teams and robust business propositions will be best placed to weather a storm which is rapidly gathering pace to become a typhoon.”

Julie Palmer

About the author

Julie Palmer

Regional Managing Partner

Meet our Team of Experts

Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor.

Julie is a member of the Insolvency Practitioners Association and the None Administrative Receivers Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.

Advice You Can Trust

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland