The Aaronite years

Mike Grant and Iain Lynam formed Aaronite Partners Limited in June 2006 to provide leadership in managing turnarounds by providing “chief restructuring officer” services. The firm expanded becoming the Aaronite Partnership LLP in June 2009. There are now 4 partners.

Current Aaronite assignments in the public domain include: -

The Investment Dar – CRO

NHS NW – Turnaround Director

Recent completed Aaronite assignments include: -

Libra NHP Limited – CRO and non-executive director

McCarthy & Stone PLC – non-executive director

Advisor to Multi Million Pound Private Equity Partnership

2 entertain Limited – Chairman and non-executive director – joint venture between the BBC and the Woolworths Group commissioning and distributing DVD’s, which was highly profitable.  Appointed by the Administrators of Woolworth Group to represent their shareholder interests on the board of 2 entertain.

Care Principles Group – Chief Executive Officer, non-executive director and Company Secretarial support – a major care home business, involved in the care of the mentally ill, Returned by its equity investors to its bank, it has been the subject of a full successful operational turnaround and then sale

Hospedia Limited (formerly Patientline) - Non-Executive Director in a telephone service provider to hospitals, which was restructured and then sold through a pre-pack process

Chairman, Bison Limited – manufacturer of concrete flooring based in the UK Midlands, which was restructured and then sold through a pre-pack process

CRO, Deutsche Woolworths – major German retailer that went through a major cost reduction exercise

Non-executive directors – part of the contingency plan in a major restructuring of a UK insurance business

Strategic advisor, Parliamentary Estates Office – to assist with a cost reduction exercise

Advisor, North West NHS Strategic Health Authority - to help address financial underperformance in a number of its trusts

Advisor – assisted a major UK institution conduct a stalking horse bid to facilitate the successful sale of a UK/US media rights business

CRO & non-executive director, Torex Retail PLC – sale of a troubled software business through a pre-pack process

It is surprising how often turnaround involves a business rediscovering what it thought it knew all along - and then being determined to get the basics right first time every time

... the years before
Prior to joining Aaronite the individual partners have considerable senior level experience including:
Abu Dhabi Water & Electricity Authority, UAE
British Railways Board and Strategic Rail Authority
Cable & Wireless PLC
Eastern Electricity
Eurotunnel PLC & SA
Georgian Wholesale Electricity Market, Georgia FSU
Great Eastern Telecommunications, Cayman Islands
John Dickinson Stationery
Liverpool Vision
Mobile1 Ltd, Singapore
Monaco Telecom, Monaco
Murray Darling Basin Commission, Australia
National Electric Power Authority, Nigeria
National Health Service, (over 20 NHS hospital trust, PCT and SHA turnaround programs
Railtrack Property
Reuters PLC
Safetynet, Japan
Shaheen Investment Group, Jordan
South Australian Water Corporation, Australia
Thames Water
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