Azets acquires restructuring and insolvency service business

Business advisory group Azets has announced that it has acquired Moore South’s Restructuring and Insolvency practice

Moore South’s R&I team, headed up by Duncan Swift and Chris Tate, consists of licenced insolvency practitioners and restructuring specialists covering Southern England from Azets’ Southampton office as well as its offices in Bournemouth, Fareham, Havant, Portsmouth, Romsey and Winchester. The acquisition includes the team’s current clients and will enhance Azets’ restructuring and insolvency capabilities.

Azets says that the strategic acquisition will create a significant one-stop-shop presence serving businesses and individuals across the Solent region. The team specialises in helping companies experiencing financial distress or facing closure with restructuring and rescue options. It offers specialist advisory services to assist organisations in making better long term and effective, strategic business decisions. These services include debt restructuring, refinancing and forensic investigation.

Colin Haig, Head of Restructuring and Insolvency at Azets said “We are thrilled to welcome Duncan, Chris and their team to Azets. The team’s excellent local reputation and expertise combined with Azets’ local and international presence demonstrates our commitment to the Solent region.”

“This latest move is a good example of how our M&A strategy underpins our overall organic growth plan at Azets and we hope to announce more strategic acquisitions this year as we continue to build our brand in the UK.”

Duncan Swift said “This is an exciting step in the development of our business. I, Chris and the entire team are extremely proud of our track record and reputation in the Solent area, where for many years we have provided our clients with a complete R&I service. We often work alongside clients’ lawyers and other professionals as required to implement effective financial relief solutions. We advise on all stages and aspects of corporate financial distress for business owners and directors. We believe strongly, as does Azets, in providing a personal approach to supporting the needs of our clients in the region, while being part of an international group.”