MCR Holdings was founded by Iain MacRitchie in 1996 as a hands on management and investment business. Having started his career by leading the rapid growth of a small niche business into an award winning multinational company in the late '80s, Iain's experience expanded through helping a variety of aspiring businesses realise their full potential. Inspired by the need to combine entrepreneurial spirit and ambition with strong business processes and disciplines, he set-up MCR Holdings to create a new business model.
Iain MacRitchie
Iain is a Fellow of the Institute for Turnaround - one of a core group of experienced individuals in the UK. The Institute has awarded Iain the Private Company Turnaround of the Year and also Turnaround Professional of the Year based on multiple assignments successfully completed. He was elected to the IFT Board in 2008 and is involved in a number of other institutions on an advisory basis.
He has also served on the Chairman’s Board of 3i plc and as an Operating Partner to help assess €100m to €1bn investment opportunities in businesses which require significant restructuring and profit improvement. He also works with a number of other blue chip PE firms and Banks in advising them on their existing portfolios and to help implement change where appropriate.
Nick Walters
As a longstanding business partner since 1989, Nick Walters joined Iain shortly after start-up. As a Chartered Accountant who has worked both in the profession and in industry for a number of years, Nick brought a range of financial skills to add to the MCR offering.
Nick has served as Finance Director on many of the Boards of those companies rescued by MCR. His wide range of experience of different industry sectors allows him to address many of the fundamental weaknesses in these companies and set them up for sustainable growth. In many cases the culmination of the turnaround has been a successful sale of the business and Nick’s experience in corporate transactions has been an important part of the MCR offering.