Director
Rachel Littlewood
Phone
07950 698860Specialisms:
- M&A/Special Situations
- Driving Sustainable Debt Resolution
- Commercial Strategy
- Financial Optimisation
Rachel leads our operational and financial turnaround engagements, working closely with clients to solve complex operational challenges while maximising both commercial performance and customer outcomes. She combines a strategic focus with a deep understanding of customer needs, ensuring that each solution is tailored to drive sustainable growth.
Rachel excels in identifying and addressing critical issues related to revenue and margin leakage, debt management, and operating costs. By deploying targeted solutions, she helps clients unlock significant improvements in financial performance. Her approach is particularly focused on ensuring that debt resolution strategies not only alleviate short-term pressures but also foster long-term customer financial resilience. Rachel is passionate about ensuring customers in debt receive the right support at the right time, and her focus on fostering open communication and delivering tailored solutions results in fair outcomes for both businesses and customers.
In addition to driving financial optimisation, Rachel brings extensive expertise in M&A transactions, where she plays a pivotal role in providing financial insights and ensuring that both commercial and customer outcomes are aligned. Whether through due diligence or post-transaction integration, her approach ensures that each deal is structured to support sustainable business and customer success.
Before joining BFY, Rachel spent over 13 years in finance, commercial, and operations roles within the energy industry. Most recently, she was Head of Credit Risk and Collections at E.ON, where she led large teams focused on customer resolution, financial sustainability, and improving processes to support customers facing financial difficulty.
Start a conversation with:
Rachel Littlewood
News
Customer Debt Insights

Energy debt reaches £4.15bn, an increase of £0.84bn in 12 months
Domestic energy debt has reached a new high of £4.15bn in Q1 2025, an increase of £0.84bn compared to Q1 last year. This marks the tenth consecutive quarter of rising domestic debt, growing by ~£300m in the last quarter alone.

Rethinking Fuel Poverty: Targeted Support, Tangible Impact
In March, we published a report with So Energy to better understand the true scale of fuel poverty in Great Britain, and what it’d take to meaningfully reduce it. In this article, we revisit the core insights from that report, look at what’s changed since, and explore what energy suppliers can do now to improve how they identify, engage and support customers who are struggling.

£3.85bn of reasons to address fuel poverty - and how
Fuel poverty is a bigger problem than ever before. Over 20% of households are affected, according to our research with So Energy. Historically high energy prices, inflation, distrust and wider financial challenges are confounding the issue. At a recent roundtable, we sat down with energy suppliers, consultants and debt charities to discuss the issue and potential solutions.
Our Team
Operational Turnaround and Recovery

Jon Vincent
Client Director
Jon helps clients resolve problems with billing, settlements, and customer service.
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Lauren McCullough
Senior Manager
Lauren leads our clients through Operational Excellence, Lean Transformations and Continuous Improvement activity.
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Joseph Cooper
Manager
Joseph supports our Retail clients to improve their operational processes and business performance.
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Ed Breslin
Manager
Ed works with clients to improve their cash flow/revenue delivery, and leading the Commercial/Financial Modelling within our M&A/Transaction Advisory engagements.
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Holly Odle
Manager
Holly supports clients with large-scale business transformation programmes, delivering significant bottom line improvements through back-office optimisation.
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Our Results

Unlocking ~£5m in stranded B2B debt for energy supplier
Through a targeted review of debt processes and escalation pathways, we identified a ~£5m recovery opportunity for a B2B energy supplier. By segmenting a ~£20m debt book, improving workflow ownership, and introducing new performance KPIs, we enabled our client to take clearer, faster action on aged and previously inaccessible debt.

Identifying ~£50m BDC reduction opportunities for energy retailer
Through our debt maturity assessment, combined with a broader focus on billing and customer contact activity, we identified routes to achieve a ~£50m BDC reduction for an energy retailer. This informed a targeted improvement programme to address capital adequacy challenges, driven by rising debt and BDC.

Cash recovery initiatives deliver ~£275m benefit for large Energy supplier
Our debt team supported a large Energy supplier with recovering their cash position, achieving a total benefit of ~£275m through collaborative initiatives.