A former partner at UK turnaround firm Endless has teamed up with the former chief executive of Crown Paints, one of Endless’s most high-profile investments, to launch a turnaround advisory firm as the industry prepares for a wave of restructuring.

Warwick Ley, who worked as a partner at Endless until six months ago and served as non‐executive chairman of the paint manufacturer, and Brian Davidson, who left his role as chief executive of Crown Paints last week, have set up RooGreen Ventures, according to a statement.