Interview with Lee Manning
What do you consider to be the highlights of your career to date?
For me the highlights of undertaking a restructuring advisory role are always about producing constructive results from difficult circumstances, whatever the scale of the organisation.
Saving jobs, businesses and value for creditors, and keeping organisations out of insolvency, are all rewarding and have a genuine impact on people’s lives. I very much enjoy the role of being a trusted advisor to management and stakeholders of distressed businesses. In that sense, almost every assignment I have worked on has delivered added value.
Even in a formal insolvency I pride myself on improving the outcome for creditors. For example when appointed by Blockbuster c.260 stores were sold as going concerns whilst key creditor recoveries were materially enhanced. In the case of Land of Leather 19,000 open orders for sofas were fulfilled by us as administrators and £4.5m extra realisations were generated in so doing.