Reshaping business recovery since 1997
BM&T’s roots trace back to 1997, when Alan Tilley, then a seasoned executive, joined US turnaround pioneers Glass & Associates as Managing Director of Glass Europe. What followed was a journey defined by leadership in complex cross-border restructurings, a commitment to ethical, independent practice, and the creation of one of Europe’s most trusted turnaround firms.
Fast forward, and for nearly two decades BM&T has led high-stakes turnaround mandates, helping businesses navigate crisis, restructure effectively and unlock lasting value. With cross-border expertise and hands-on leadership, we bring clarity, confidence and decisive action to moments that matter most.
For over two decades, BM&T has set the benchmark for ethical, effective turnaround leadership. This timeline highlights key moments in our journey, milestones that reflect our commitment to operational excellence, thought leadership and results that endure.
Alan Tilley joins Glass & Associates as MD of Glass Europe, leading major cross-border restructurings. Over the next decade, he builds a track record in complex European turnarounds, laying the groundwork for will would later become BM&T.
Alan Tilley, David Bryan and John Mansell establish BM&T as an independent restructuring firm, partnering with Conway MacKenzie as its European restructuring partner.
BM&T leads the first ever UK scheme of arrangement for an EU-listed company, restructuring €600m of debt for La Seda de Barcelona, setting a precedent for European financial restructurings.
Alan Tilley wins UK Turnaround Manager of the Year, and BM&T authors the ICAEW Corporate Finance Faculty’s Turnaround Guide, shaping best practices in turnaround management.
BM&T awarded Turnaround Practitioner of the Year.
The Turnaround Management Association (TMA) awards BM&T 'Turnaround of the Year'.
BM&T co-founds European Restructuring Solutions (ERS), uniting top-tier restructuring firms in Germany, France, Italy, Spain, Greece and Romania, creating a seamless cross-border advisory network.
The Turnaround Management Association (TMA) awards BM&T 'Turnaround of the Year'.
BM&T wins TMA Europe Large Company Turnaround of the Year for its impact in European business recovery and strengthens its capabilities by acquiring Interimconnect, enhancing interim leadership solutions.
Alan Tilley publishes Turnaround Management: Unlocking & Preserving Value in Distressed Businesses, reinforcing BM&T’s position as a knowledge leader in the industry.
Anton de Leeuw is named TRI Turnaround Practitioner of the Year 2022.
BM&T expands leadership with Anton de Leeuw as CEO, positioning the firm for continued growth. Alan Tilley publishes Volume 2 of his book, further shaping the future of turnaround management.
BM&T is awarded Company Recovery Advisory Firm of the Year 2024 by Corporate International.
Salus Group Limited acquires 100% of BM&T’s shareholding, strengthening BM&T’s capacity to lead complex, cross-border turnarounds while preserving its independent identity, trusted relationships and hands-on operational ethos.
We act ethically, independently and transparently.
We make the tough decisions necessary for business survival.
We bring deep expertise and meticulous execution to every engagement.
We prioritise the needs of businesses and their people above all else.
We relentlessly pursue the best outcomes for every client.
Purpose-led. Beyond profit. Towards a regenerative future.
At BM&T, we lead ourselves as we advise others: ethically, transparently and with respect. Inspired by regenerative economics, we align our business practices with both social foundations and planetary boundaries, creating a firm that nurtures people, sustains relationships, respects the environment and acts with fairness in all we do.
Explore thought leadership, grounded case reflections and timely updates from across the crisis management, turnaround and restructuring landscape. Covering financial, legal, operational and strategic dimensions, our insights help leaders navigate complexity with clarity, confidence, and control.
