Allan Kelly
Allan is a Partner at FRP Advisory and has over 30 years’ experience working with mid-market and owner managed business with a focus on those experiencing challenge and or/distress.
He trained and qualified at EY a before moving to a leading north based regional independent firm of chartered accountants in 2000 to set up their corporate finance team. He returned to restructuring in 2007 and joined RSM in 2014 working across their North East and London teams.
Allan specialises in pre-insolvency advisory and complex restructurings / insolvency situations. He has gained extensive experience in advising a company’ management and stakeholders such as banks, asset based lenders and private equity houses during restructuring and turnaround situations including business and cash flow reviews, strategy and option reviews, management and stakeholder support, strategy and turnaround planning, cashflow management, financial forecasting, refinancing, mergers & acquisitions and interim leadership.
Allan also has held direct company side interim roles as chief financial/restructuring officer during the turnaround phase giving him direct situational experience.
Allan was previously R3 Chairman for the North East and Chairman of the Institute for Turnaround (North).
Practice Area
Panel
- Contributing Author
1 Contributions by Allan Kelly
PRACTICE NOTES
Independent Business Reviews: a practical guide for lawyers on commissioning, scope, engagement terms, conflicts, costs, information requirements, VAT risks and likely outcomes
This Practice Note considers independent business reviews (IBRs) and sets out to:
offer high-level guidance on an IBR
indicate when an IBR might be requested
identify potential areas of conflict
highlight typical scope and report contents
outline common outcomes of an IBR, and
flag key issues at the point of engagement
What is an IBR?
The purpose of an IBR is often misconstrued, sometimes regarded as a precursor to insolvency or a lender withdrawing support. Although either may occur, an IBR chiefly provides stakeholders with an external perspective to aid decision-making. It is an independent, objective and impartial review that typically examines a company’s current trading position and future prospects, enabling the company and its stakeholders—principally lenders and investors—to consider their options using an agreed, fact-based understanding. While many IBRs focus on historic and forecast financial performance, in their broadest form they can also evaluate operational, commercial and governance performance...
Restructuring & Insolvency
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