Steve Ellis

I have worked in corporate recovery and restructuring for PwC’s Northern practice for over 20 years. I have been involved in a broad range of corporate assignments, advising lenders in turnaround, new lending and debt restructuring and recovery situations.

Also I have worked with corporates and their stakeholders to stabilise companies in financial difficulty and generate solutions to overcome those difficulties, eg restructuring of groups, businesses and their debts (including refinancing).

I pioneered the use of debt restructuring techniques and regulated apportionment agreements to restructure the balance sheets of groups with unsustainable pension deficits as part of the restructuring of Sheffield Forgemasters in 2005.

Since then, I have developed market-leading knowledge as financial adviser to trustees and corporates dealing with pension deficit management, the Pensions Regulator and PPF. 

I have also advised both trustees and companies on the impact of corporate transactions on employer covenant, as well as on scheme funding negotiations for private equity backed and listed companies, particularly in regulated industries.