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People: This week's news 1 June 2009

PricewaterhouseCoopers on the central south coast is expanding its Business Recovery Services team to enhance its offering to companies across the region. Heading up the team is Stephen Browne, who will lead the business recovery and insolvency teams, bringing with him a wealth of experience of both the local south coast market place and issues being faced by businesses in the current climate.

Stephen joined PricewaterhouseCoopers in 1985 and has substantial experience in dealing with organisations in financially distressed situations. A qualified accountant and licensed Insolvency Practitioner, Stephen has spent the last few years working in the firm's London and South Business Recovery Team, whilst he and his family have continued to reside on the south coast.

The team, which is split across offices in Southampton and Bournemouth, specialises in providing advice to companies who are experiencing trading or financial difficulties. This includes turnaround advice, business disposals, insolvency appointments, finance raising, working capital management and pensions advice.

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David Hudson, a partner at Begbies Traynor, is moving to Baker Tilly towards the end of the summer.  David will head up Baker Tilly’s London Core Team.  He sits on the council of R3 and has recently dealt with Southampton FC, Douglas Wallace Architects and Bridesco Limited.

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BWC Business Solutions, have appointed a new partner to lead its North Yorkshire and Teesside team.  David Willis joins the firm as partner with over 17 years experience in insolvency practice. He will advise on all aspects of corporate and personal insolvency and business turnaround.

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Northern corporate recovery specialists Refresh Recovery have appointed John Crowder as their new Development Manager and added Christopher Adams, Jonathan Marquiss, Jonathan McKeown and Jonathan Waller to their growing Business Development team.

Welcoming the new appointments, Group Strategic Director, John Waller said "Their role will be to help us to generate business, implement and drive our marketing activity and develop relationships in the local business community. This is invaluable as we continue to grow."  Refresh purchased insolvency practice Cresswall Associates at the end of 2008, to create Refresh Recovery which now operates from 3 offices in the North West and Yorkshire.

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KPMG has announced the appointment of a new director to head up its restructuring real estate specialist team.  Edmund O’Kelly, who has extensive experience in the market, has worked in many types of roles including project management, development, investment and asset management for over 20 years.  He has worked as an executive director for Chesterfield Properties, Wilson Bowden plc and Consensus/Rotch and headed up the Andersen real estate restructuring team, dealing with major appointments including Maxwell, Ferranti and Leyland Daf during the last recession in the 90s.

Commenting on the appointment, Richard Fleming, UK Head of Restructuring at KPMG, said:

“We believe we are heading towards another important milestone in this recession: the fall out from the commercial property sector.  Our work on the JJB CVA and the Lehman real estate portfolio in Asia has given us an insight into what we think is just the tip of the iceberg.  Edmund’s appointment is an important boost to our real estate restructuring specialist team, which feeds into a multi-disciplined, cross-border team.

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