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Monday Moves 27 January 2014

New restructuring solutions business launched

Former BDO partner and insolvency practitioner, Jo Wright, has launched a Birmingham-based boutique advisory business providing financial restructuring solutions.

De Novo Advisory will specialise in offering advice to financially distressed businesses.

Wright said: “Working within the professional services community in the city for over 20 years, I wanted to bring a fresh approach to corporate restructuring for distressed businesses.

“The banking crisis has changed the way the banks and other funders and investors deal with companies and their management teams in financially tough times.

“Confidence is beginning to grow but as is widely reported, there are at least as many dangers in a recovering economy as in a recession.

“Businesses must have a firm hand on their financial position during any recovery cycle to ensure they are well placed to benefit from changing conditions.”

The Business Debt Advisor appoints new insolvency manager

Manchester-based corporate recovery specialist The Business Debt Advisor has named Molly Monks as its new insolvency manager.

Monks spent five years with Harrisons Business Recovery and Insolvency Ltd, where she managed a large team of technical and support staff and a portfolio of more than 50 complex formal insolvency cases.

Monks began her career as an insolvency administrator at Milner Boardman and Partners, before moving to Vantis plc where she was involved in over 20 formal administrations.

She said: “I wanted to part of a company that really excels at what it does. The Business Debt Advisor is well known and respected within the corporate insolvency market.

“The team is fantastic and so friendly. It was clear from my first day that everyone really cares about what they do and how they help their clients.”

Bev Budsworth, managing director at The Business Debt Advisor, said: “Molly is a great addition to our team. As well as having the right level of experience to really develop our corporate debt advisory division, she also has a fabulous caring personality which perfectly fits with the ethos of our business.”

New director at south coast Quantuma

South coast-based insolvency and restructuring firm Quantuma has appointed Andrew Watling as a director.

Watling has previously worked as an insolvency practitioner for Knights & Company, Middleton Partners and Begbies Traynor, as well as working within the business support unit at Lloyds Bank.

Carl Jackson, lead partner at Quantuma, said: “Andrew’s experience will be an asset to the growing Quantuma team both in Southampton and in our recently opened Brighton and Marlow offices.

“He has all the right skills, experience and a vast array of knowledge to help expand our growing Business and ensure it continues to expand.”

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