BDO appoints Kevin Lamb as director
Accountancy and business advisory firm BDO LLP has strengthened its business restructuring team with the appointment of director Kevin Lamb in its Edinburgh office.
Mr Lamb joins from RSM after five years in its restructuring team.
He specialises in working with businesses that are facing financial and operational difficulties.
Mr Lamb works closely with companies and their directors, banks and other lenders, as well as pension funds and private equity groups.
After qualifying as an auditor, Mr Lamb spent nine years in industry as a group accountant at Starbucks Coffee Company in London before returning to Scotland to lead the turnaround and exit of prestige motor group Glenvarigill as financial controller, then managing director before he returned to professional services.
At BDO, he will work with clients across Scotland. His primary focus will be to work with businesses when the early signs of distress become evident and develop the appropriate plans with funders and investors to secure their future.
James Stephen, partner and head of business restructuring at BDO Scotland, said: “Kevin’s turnaround expertise will strengthen our restructuring offering for clients across Scotland, as well as boosting our national credentials.
“Our business has seen growth across all areas this year and we are well-positioned to continue helping our clients and teams to have another successful year. We recognise that to do this we need to build the best team of advisers who will embrace tackling the opportunities and challenges our clients face.
“Brexit and the UK political landscape introduced significant uncertainty in recent years creating changes to the marketplace in Scotland and beyond its borders. 2020 will bring a new period of change, creating opportunities but also cause potential stress to businesses. Having an experienced adviser who can guide them through these uncertain times is essential.”
Mr Lamb added: “A combination of BDO’s reputation in the market and its supportive and high-performing culture made the opportunity to join the business a compelling one.
“By involving a turnaround specialist early, business owners have the opportunity to rethink, re-plan and redevelop their businesses. It’s our job to provide the support, advice and confidence to make informed decisions.”