Lucinda Coleman

Partner and head of restructuring

Lucinda was honoured to be named both Woman of the Year and Advocate of the Year at the Turnaround, Restructuring and Insolvency (TRI) Awards 2025.

Lucinda is a chartered accountant and a licensed insolvency practitioner in the UK. She is a partner at PKF Francis Clark and heads up the firm’s restructuring team. Lucinda provides advice to businesses nationwide across a variety of sectors, including construction, legal, manufacturing, hospitality and agriculture.

Lucinda’s experience spans all areas of insolvency, including administrations, liquidations and business restructuring. Lucinda undertakes strategic business reviews, which involves meeting with directors pre-appointment to discuss where the business is and what to focus on to prevent it from closure. She also has a particular interest in forensic accounting, using technology to identify issues and find solutions to those directors may be facing.

Lucinda prides herself on being empathetic, compassionate and providing clear, practical solutions to directors and creditors who find themselves in very difficult situations. She enjoys finding solutions to problems and thinking outside the box, therefore will consider all options before insolvency, with the focus always on saving the business where possible. Although not aggressive, she is not afraid to collect money and will ensure she obtains best value for assets.

Lucinda joined PKF Francis Clark in 2003 and has specialised in business recovery since 2005, becoming partner in 2017. ESG is personally important to Lucinda, and in her role as chair of the firm’s board and committee meetings, she actively drives these principles for the firm.

Having recently completed a five-year term as chair of the ICAEW Ethics Advisory Committee, Lucinda is up to date with proposed changes to the ICAEW’s Code of Ethics and Continuing Professional Development (CPD) programme across the accountancy profession.

Lucinda is well known in the local business community and enjoys sharing knowledge and providing training to stakeholders and other professional advisers.

What to do if your business is struggling?

Lucinda, Licenced Insolvency Practitioner, discusses what to do if your business is struggling financially.

Lucinda's client say

“From the outset, it was clear that Luci combined technical expertise with exceptional client care. She was approachable, communicative and tenacious throughout, always bringing clarity and direction when challenges arose. Her ability to adapt her approach to different stakeholders and maintain momentum under pressure was invaluable. In my view, she was a key factor in helping deliver the best possible outcome for everyone involved. She was a pleasure to work with, and I would recommend her without hesitation.” Tim Smedley, Risk Manager Corporate, Bibby Financial Services
“Lucinda demonstrated exceptional professionalism, integrity and, above all, an honourable approach throughout a highly complex case spanning several years. From the outset, it never felt like competing interests were at play; instead, her focus was on achieving the best possible outcome for the victims and creditors. She fostered an open and collaborative working relationship, communicated clearly throughout, and took the time to explain complex insolvency matters in a way that enabled us to progress the case effectively. Her commitment to doing the right thing, combined with her technical expertise and willingness to work together towards a common goal, made her an invaluable partner, and I would have no hesitation in recommending both Lucinda and PKF Francis Clark.” Paul Manifield, Police Staff Investigator, Devon and Cornwall Police Complex Fraud Team
“I approached Lucinda at an extremely difficult point for both me and the business. My business had completed a management buyout but subsequent trading performance and cash generation made the remaining deferred consideration unsustainable. The issue involved a complex group structure, significant intercompany balances, secured vendor debt, potential insolvency considerations and very important personal responsibilities for me as the owner and director. Lucinda understood the situation remarkably quickly. One of her greatest strengths was her ability to take a technically complex and potentially overwhelming position and explain it in clear, practical language. She was direct about the seriousness of the situation and my responsibilities as a director, but she was never alarmist. Her advice always remained focused on protecting the underlying business, its employees and creditors, while also giving us the best possible opportunity to reach a consensual solution with key stakeholders. What particularly impressed me was the balance she achieved between technical restructuring advice and commercial reality. She understood that key stakeholders were people with whom I had a longstanding and positive relationship, and that an unnecessarily aggressive approach could have damaged the prospect of a negotiated outcome. At the same time, she ensured that I clearly understood the risks and that the decisions being taken were properly supported by evidence and professional advice. The report produced by Lucinda and her team became the foundation for the subsequent negotiations. It clearly distinguished between a viable underlying trading business and a funding structure that the business could no longer support. That distinction was vital, both in helping me understand the position and in communicating it to key stakeholders including creditors, our solicitors, and the auditors. The eventual outcome was extremely significant and allowed me to preserve the business, protect employees and creditors, and secure its long-term future under existing ownership. Throughout the engagement, Lucinda was calm, approachable, responsive and completely professional. She gave me the confidence to deal with a highly stressful situation in a measured way and made sure I understood not only what action was recommended, but why it was necessary. I never felt that I was receiving a standard restructuring solution; the advice was clearly tailored to the business’s circumstances and the people involved. Based on my experience, I would have no hesitation in recommending Lucinda. Her technical ability, commercial judgement and personal approach were exceptional, and her work made a material difference to the business’s survival and future stability.” Managing Director
“Working with Lucinda and the team was a smooth experience from start to finish. From the moment Lucinda got in touch, the communication was excellent. The work itself was complex, but Lucinda quickly got to grips with the situation and found solutions. The report she produced was structured, clear, concise and genuinely credible, giving us the professional overview and options we needed. Her approach stood out: responsive, practical, and able to explain complicated issues in a way everyone could understand. I’d happily recommend Lucinda to others and would welcome working with her again in the future. ” Finance Consultant

Latest posts featuring Lucinda

Nick Harris in a suit and open necked shirt

Liquidators appointed to biomass boiler specialist BBSM Limited

7 September 2026

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A letter from HMRC

HMRC winding up petitions: how can funders protect value?

29 July 2026

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Members’ voluntary liquidation (MVL): planning ahead in an uncertain political landscape 

24 July 2026

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Charles Bell at Bristol harbourside

Bristol-based Charles Bell becomes our newest licenced insolvency practitioner

15 July 2026

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An aerial view of Rokewood Nursery, near Wisbech

Administrators of Rokewood Ltd seek buyer for Norfolk horticultural site

9 June 2026

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Challenges and opportunities for Independent Schools

26 May 2026

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An ambulance outside a building

Administrators secure sale of Bristol ambulance company BAEMS Ltd, safeguarding services and jobs

22 May 2026

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Nick Harris in a suit and open necked shirt

Nick Harris and Lucinda Coleman appointed liquidators of Troax Lee Manufacturing Limited

9 April 2026

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A family business owner with his two adult sons. The man has his arms around his two adult sons who are holding a pint of cider each. They are all smiling and chatting. The setting is in a brewery.

Succession and exit planning – how MVLs offer a tax-efficient route

13 January 2026

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Nick Harris in a suit and open necked shirt

Bristol-based window company Panoramic enters liquidation

17 December 2025

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Restructuring team triumphs at the TRI Awards in London

8 December 2025

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A team of five in a casual business meeting discussing a serious topic

Time to pay pressure from HMRC

11 August 2025

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