Iain Lynam
Independent Turnaround Executive
Partner, the Aaronite Partnership LLP
Contact numbers – Mobile 07970 803814
E mail
For a number of years now, I have specialised in working on all manner of turnaround and restructuring work. Nowadays I usually act as chairman or “CRO” in an executive or non-executive role, as appropriate.
Past Turnaround Assignments
I have been Chairman, director or “CRO” and carried out specific turnaround tasks at
• 2entertain Limited – distributor of DVDs,etc for media rights holders
• Bison Limited – concrete floor manufacturer and building materials supplier
• Willis Gambier Holdings Limited – furniture supplier to major UK retailers
• Torex Retail PLC – quoted point of sale software business
• Melka Tenson - Swedish menswear manufacturer
• GH Electrical Group Limited – electrical servicing and FM business
• Independent Energy PLC – an electricity supplier
• HMG Holdings Limited – motor dealership group
• Avidmoor Limited (formerly WRM Group Limited) – logistics group
I have been chairman or a non-executive director where a bank has held a material equity interest and where I have been asked to act as custodian for their interests at
• Project Badger – contingency option for a major insurance restructuring
• Care Principles Limited – mental health care home provider
• Bison Limited – concrete floor manufacturer and building materials supplier
• Coolchain Limited – chilled distribution service provider to the supermarkets
I have led fully funded successful turnaround assignments - resulting in the sale of the business, return to the equity and full recovery of the bank debt - at
• John Dickinson Stationery Limited – a stationery supplier
• CSC inc of New York – a pc retailer for New York City and New York State
• Telecom Security Limited – a security alarm company, owned by BT
I have fully recovered the bank debt - in situations where it was not otherwise possible to save the original business entity - at
• Citex Group Limited – facilities management and building services group
I have conducted monitoring of management teams for stakeholders at
• Charterhouse Communications Group PLC – quoted publisher
• NWSHA – of deficit trusts in the NW strategic health authority of the NHS
• Whitehead Mann Group PLC – quoted search consultancy business
• AES Barry Limited – power station business
I have provided advice to stakeholders and conducted strategic business reviews at
• Entertainment Rights PLC – media rights business operating in UK and USA
• Probotec Limited (formerly Powell Duffryn Rail) – rail bogey design business
• Montinex Limited – retail motor accessories group
I have held a number of non-executive directorships – both private and not for profit, including the Institute for Turnaround (formerly STP), which I chaired for two years.
After qualifying as an accountant, I worked for a shipping company (Overseas Containers Limited) until 1983. I then joined a major consultancy firm (originally Coopers & Lybrand Associates, then C&L Deloitte, then PwC). Since 1989, I have worked as an independent executive on turnarounds, before forming Aaronite Partners Limited in June 2006 with Mike Grant. Aaronite, which became the Aaronite Partnership LLP in June 2009, specialises in managing turnarounds and has a joint marketing agreement with Deloitte.
I am 59, married, have 2 adult children, live in Sevenoaks, Kent, but with a base in London.
CV for Iain Lynam19/10/18