Credit, collections & insolvency news
Sheffield insolvency and business turnaround practice Graywoods has officially changed its name following its acquisition by the national Leonard Curtis group. Graywoods was founded by Adrian Graham and Deborah Lockwood, who have worked together since 1999. It will continue to operate from its office in Sheffield’s city centre’s Fountain Precinct but will now be known…
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Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies have risen. In September 2023 there were 37 business insolvencies registered in Northern Ireland, 68% higher than September 2022. The business insolvencies comprised of nine CVLs, 25 compulsory liquidations, one administration and two CVAs. There were no receivership appointments. In September 2023…
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Begbies Traynor has announced that it has acquired Jones Giles & Clay. The deal sees Begbies Traynor welcome four experienced team members to the Cardiff-based team, including directors Susan Clay and Vaughan Jones, who were the principals of Jones Giles & Clay and operated as licensed insolvency practitioners. Both Clay and Jones have over 38…
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Independent invoice finance provider, Bibby Financial Services (BFS) has announced that its has acquired Aldermore’s Working Capital Finance division. The move will see the working capital finance companies integrate into BFS operations over the coming weeks. Derek Ryan, UK Managing Director of Bibby Financial Services said “We are delighted to announce the acquisition of Aldermore’s…
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Slater Heelis has announced that it has acquired insolvency law specialist N J Goodman. The acquisition will bolster Slater Heelis’ existing commercial law offering. As part of the deal, all four staff from N J Goodman have joined Slater Heelis and will be based at their new headquarters at Crossgate House in Sale. This includes the…
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Leonard Curtis has announced the acquisition of Sheffield insolvency and recovery firm Graywood, increasing its presence in the South Yorkshire region. Graywoods will be incorporated into the Leonard Curtis brand with owners Adrian Graham and Deborah Lockwood welcoming the ‘excellent opportunity’ to become part of a well-renowned national firm in the business recovery sector. Deborah…
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Portland Business Recovery has announced that it has changed its name following its acquisition by the national Leonard Curtis business services group. The company was formed to provide business recovery and regulated insolvency services to businesses mainly located in Hampshire and Dorset. Alex Cadwallader, Director and Head of South for Leonard Curtis, said “Portland has…
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Total business insolvencies in England and Wales in the second quarter of 2022 hit their highest quarterly level since 2009 at 5,629. According to latest ONS data, although insolvencies decreased in 2020 thanks to government support packages, Creditors’ Voluntary Liquidations (CVLs) have hit a new high. CVLs accounted for 89% of all company insolvencies in…
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Knights has announced that it has agreed to acquire Coffin Mew, a leading independent law firm in the South East. With a 130 year history operating in the South East of England, Coffin Mew is a leading independent law firm based primarily in Portsmouth with offices in Southampton, Brighton and Newbury. The acquisition brings 102…
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Global CEO advisory firm, Teneo has announced the acquisition of KPMG’s Cayman and British Virgin Islands (BVI) restructuring business. KPMG’s Cayman and BVI restructuring business, comprising over 25 professionals, will add specialist expertise in local and international restructuring, insolvency, e-Discovery and forensic technology services to Teneo’s global Financial Advisory offering. The team joining Teneo represents…
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Independent restructuring and advisory firms BM Advisory and Moorfields Advisory have announced a merger, enhancing their ambitious growth plans and providing a strong all-round service proposition to the market across the UK. The merged businesses will continue to operate under the Moorfields Advisory brand, bringing together two like-minded practices with a shared ethos of partner-led…
Read moreTax and business advisory firm Azets has announced that it has acquired Moore South’s restructuring & insolvency (R&I) team. As part of the deal, current leaders of Moore South’s R&I practice, Duncan Swift and Chris Tate, will move to Azets. The acquisition includes the team’s current clients and will enhance Azets’ restructuring and insolvency national capabilities established…
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