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Senior Hire Strengthens Leonard Curtis Restructuring Team



PE-backed corporate restructuring firm Leonard Curtis has appointed Mark Hickford as Director in its London office, further strengthening the firm's restructuring and insolvency capability as it continues to grow its presence in the mid-market.


Mark joins from EY-Parthenon, and brings over 15 years of experience advising boards, management teams and wider stakeholders, from mid-market businesses through to larger national and international organisations.


A qualified accountant and an appointment taking Insolvency Practitioner, Mark’s experience spans a broad range of restructuring matters, including cash flow and liquidity reviews, insolvency options analysis, contingency planning, accelerated M&A and formal insolvency appointments.


He has experience across a range of sectors including retail, higher education, real estate and automotive, and is also well versed in creditor-side roles, including law of property act (LPA) and fixed charge receiverships.


Having worked closely throughout his career with lawyers, banks and asset-based lenders, these relationships will be central to his focus at Leonard Curtis.


The appointment builds on a period of strong growth and reflects the firm’s continued ambition to attract senior talent, following the investment by PE house Pollen Street Capital last year.


Alex Cadwallader, Director, said:

" We are delighted that Mark has joined us. His approach and drive will be a great addition to our expanding restructuring team in London and across the group. In recent times we have delivered some significant and positive outcomes for our clients in this growing space and Mark will only add to our skillset and experience."

Mark Hickford said:

"Leonard Curtis is on a clear positive growth trajectory and is becoming increasingly prominent in the mid-market restructuring and insolvency space - I am excited for the opportunity to be a part of it."

“After meeting with the team, I felt the business was a great fit for me. It was clear this was somewhere I could make a difference and help continue the momentum the business has built in recent years. I am looking forward to leading engagements and working with great clients on interesting situations."

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  • Oct 19, 2023
  • 5 min read

In recent years, the world of food has witnessed a remarkable transformation as plant-based foods have surged in popularity. From innovative meat substitutes to dairy-free milk alternatives and a vast array of plant-based snacks, the growth of this sector has been nothing short of phenomenal. Here we take a look as some of the reasons behind the explosive growth of plant-based foods, the implications for our health and the environment, and the promising future of this sustainable culinary revolution.


A Shift Towards Health and Sustainability

One of the primary drivers behind the ascent of plant-based foods is a growing global consciousness about health and environmental concerns. Consumers are increasingly embracing plant-based diets for the perceived health benefits, such as reduced cholesterol, lower risk of heart disease, and better weight management. With a focus on natural ingredients, plant-based foods are seen as a healthier alternative to traditional animal products.


Moreover, the rise of the environmental movement has drawn attention to the colossal ecological footprint of the meat and dairy industries. The excessive use of water, deforestation, and greenhouse gas emissions associated with animal agriculture have prompted many to adopt plant-based diets as a way to reduce their personal impact on the planet. The link between plant-based eating and sustainability has inspired a vast and diverse audience, including vegans, vegetarians, and flexitarians, to choose plant-based foods.


As Joe Hill, co-founder of plant based One Planet Pizza explains, there are some significant statistics that confirm the growing importance of the plant based sector.


"Across the UK demand for meat and dairy alternatives doubled from 2016 to 2020 reaching over £1 billion a year which has resulted in an explosion of innovation and growth in the sector and plenty of products and brands now fighting for the same shelf space," explains Joe.


"The market is now stabilising and entering a stage of maturity as we see retailers consolidating and focusing on own-label and top performing products. The sector has benefited to an extent post the pandemic as consumers have become more health-conscious and vegan diets have become increasingly popular, with almost 20% of UK consumers now claiming to follow a plant-based diet," he continues.


"Furthermore, roughly 1 in 3 people are now buying plant-based milks, 20% of young people in Britain do not eat meat, and a further 20% only do so occasionally. The growth in the plant-based agenda is great to see as consumers realise the health benefits as the main motivator for eating more plant-based meals and the challenges associated with ‘sustainability’ driving others to look for alternatives."


Innovation In The Kitchen

Advancements in food technology and culinary innovation have paved the way for plant-based foods to become more accessible and delicious. Companies have developed meat substitutes that closely mimic the taste and texture of traditional meat, making the transition to plant-based diets more appealing. Similarly, plant-based dairy products, such as almond, soy, and oat milk, have become mainstream, offering alternatives that are virtually indistinguishable from their animal-based counterparts.


The development of plant-based ingredients, like tempeh, seitan, jackfruit, and mycoprotein, has expanded the range of options for consumers, enabling them to enjoy familiar dishes without compromising on taste or texture. This wave of culinary innovation has not only attracted vegans and vegetarians but has also enticed carnivores to incorporate plant-based foods into their diets.


Mainstream Adoption And Corporate Investment

The surge in demand for plant-based foods has not gone unnoticed by the food industry's giants. Major corporations are investing heavily in plant-based product development, with companies like Nestlé, Tyson Foods, and Unilever acquiring or launching plant-based subsidiaries. This level of corporate investment has not only expanded the availability of plant-based products but has also contributed to reducing prices, making these foods more accessible to consumers.


Fast-food chains and restaurants have followed suit, introducing plant-based options on their menus, further normalizing the consumption of plant-based foods among the general population. The growing demand and profitability of these products have driven businesses to adapt and cater to the shifting dietary preferences of consumers.


Smaller food producers like One Planet Pizza are also investing significantly, innovating their approach to food production and developing growing consumer interest via marketing and social media campaigns.


As Joe continues, "Our mission is to create and promote unbelievably tasty plant-based food that’s better for people and the planet. Pizza seemed like a good place to start. Our purpose is to get plant-based food into the hands (and mouths) of as many people as possible. We’re here to help everyone understand the impact food choices have on our planet, making it easier for us all to eat and live more sustainably."


"Our vision is to be the number one vegan pizza brand in Europe, helping millions of people eat and live more sustainably without sacrificing their favourite food, and we have been on an incredible journey, one that continues to excite us each and every day."


"It is great to see our dreams coming true and the increasing acceptance of plant-based foods making it into shopping trolleys on a regular basis too," he adds.


The Future Of Plant-Based Foods

The growth of plant-based foods shows no signs of slowing down. As more consumers become health-conscious and environmentally aware, and as innovations in plant-based food technology continue to improve, the industry is poised for further expansion. The future may see even more diverse plant-based offerings, making it easier for individuals to adopt sustainable diets without sacrificing taste or convenience.


As a sector there are challenges such as the current economic climate and associated higher costs of living which is leading to some consumers returning to cheaper, traditional meat and diary products which are perceived to offer value savings and the growing need to educate and inform consumers of the consequences for the broader environment of not adopting elements of a plant-based diet into their daily regimes.


Joe remains extremely positive about the future:


"We are focusing on creating like for like plant-based versions of the most loved pizza flavours in the UK. Pizza is a fantastic 'comfort food' for introducing huge numbers of consumers to the plant-based category, offering an affordable, healthier and more sustainable alternative to traditional pizzas. Sales continue to grow and our plant-based pizzas can now be found in the freezers in Asda stores nationwide."

The incredible growth of plant-based foods is not just a trend; it represents a fundamental shift in the way we approach food and its impact on the planet.


With continued innovation, wider accessibility, and a global commitment to sustainability, the plant-based food revolution is likely to become an integral part of our culinary landscape, offering a healthier, more sustainable, and tastier way to nourish ourselves and the world.


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