Expertise

Fraser leads the London Restructuring team and has 25 years' experience advising insolvency practitioners, clearing banks, financial institutions, and other stakeholders on all aspects of under-performing or distressed corporates. He has advised in relation to distress in organisations across a variety of sectors, including haulage and logistics, construction, hotels and leisure, retail and consumer, and most recently healthcare.

Experience
  • Project Alton - acting for a private debt fund on a hostile cross‑border restructuring of a global consultancy group, using share enforcement under the Financial Collateral Arrangements Regulations and overseas equivalents to disenfranchise the sponsor and secure economic ownership of the international group.
  • Project Astoria – advising the board of directors of a large e-tailer in relation to fiduciary duties.
  • Project Firecrest - acting for the senior lender on the restructuring of secured term and revolving facilities for a global sports and entertainment technology group, including a complex framework and call option structure giving our client the right to acquire the group for nominal value.
  • Acting for the joint administrators of Internet Mobile Communications on a cross-border administration, including advice on litigation and investigations strategy
  • Project Carlsen - advising the directors of a group of companies providing specialist care pathways for adults with neurological conditions and brain injuries. We were able to support the directors in bridging to a solvent restructure.
  • Queen Elizabeth’s Foundation for Disabled People - advising the directors and trustees of a historic charity that provided neurorehabilitation services for children and adults from a state-of-the-art care and rehabilitation centre in connection with its managed wind down and cessation of operations following an unsuccessful AMA process.
  • Regularly acts for a variety of stakeholders in relation to distressed PFI Projects - often in the healthcare sector. Examples include, Roseberry Park Hospital, Lister Hospital Hertford, Redruth & Cambourne community Hospital.
  • Acting for Grant Thornton the administrators of Big Help Homes CIC a social housing landlord subject to Charity Commission investigation and allegations of fraud.
  • Project George – sale of world class hotel and golf resort. We acted for the senior lenders and receivers appointed to deliver a consensual share level enforcement strategy to avoid any disruption to the underlying operation of the resort while the enforcement and subsequent negotiation in respect of the sale process took place. 
  • Project Element III – acting for Limerston Capital on its acquisition of the business and assets of Charnwood Molecular from its administrators PWC.  
  • Acting for the original founders of Planet Organic on their acquisition of its business and assets from its administrators Interpath Advisory.
  • Acting for Crocus.co.uk - the biggest gardening website in the UK upon its acquisition from its administrators of the business and assets of Primrose.co.uk, previously owned by Luke Johnson's Risk Capital Partners.
  • Recycling Technologies Group Plc acting for Interpath Advisory as administrators.
  • Project Dogma - acting for the Senior Lenders on the restructuring of an international group of manufacturing businesses.
  • Acting for Interpath Advisory as administrators of the Contract Natural Gas group of companies, the largest independent gas shipper in the UK
  • Acting for A&M as administrators of the Aurora Group – an international lighting business, and the subsequent sale of various of its subsidiary undertakings in a variety of jurisdictions.
  • Acting for PWC as administrators of Evans Cycles having advised the Board of Directors for several months prior to its sale to Sports Direct.
  • Advising KPMG as administrators of HMV.
  • Advising Crew Clothing upon its acquisition of Saltrock.
  • Advising the Board of Directors of AIM listed Utilitywise Plc in connection with its regulatory obligations throughout a distressed AMA process.
Publications

Over the years Fraser has contributed various articles to Restructuring and Insolvency publications and journals.

Professional memberships

Member of The Institute for Turnaround (IFT)

Testimonials

“I have particularly enjoyed working with Fraser Ritson, who provides excellent pragmatic and commercial advice in challenging situations.” - Legal 500 2027