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Weekly moves 15 May 2014

Recovery First opens new headquarters

Recovery First has announced the opening of a new headquarters in Redhill, Surrey.

The firm, which provides complimentary services to insolvency practitioners, accountants, restructuring and corporate recovery specialists, has another office in Glasgow and a “presence” in Manchester.

The Redhill office will be run by operations director, Sally Dunscombe.

Recovery First managing director, David Johnstone, said: “Many of our colleagues in restructuring, banking, insolvency and accounting are based in the south so it was important for us to be closer to them, particularly now the huge changes in the legal sector during 2013 are taking affect and many PI firms are exiting the market in a distressed situation.

“The experts we work with are recognising that a fully managed exit from the market is preferential to insolvency or heavily discounted sales and we’ve been brought on board to work with three firms during the last six weeks who want to achieve as much value as possible from their work in progress (WIP).

“Our Redhill office will oversee the initial transfer of cases to multiple panel firms and the monitoring of clients’ caseloads as they progress to conclusion.”

New partner appointment at James Cowper

Jula Branson has joined accountancy and business advisory firm James Cowper as a partner in the firm’s insolvency and business restructuring team.

Branson joins the firm from her own consultancy business, Branson Restructuring, which worked with SME businesses experiencing financial and operational difficulties.

A licensed insolvency practitioner, Branson had previously led restructuring and insolvency teams at PwC and Deloitte, with specialist knowledge of the retail, real estate, hotels and leisure, agribusiness and the care home sectors.

Branson said: “James Cowper has a very strong reputation in the Thames Valley and on the South Coast for its insolvency and restructuring work.

“I am delighted to be part of the firm and looking forward to working alongside the team and developing it further, whilst continuing to run Branson Restructuring.”

Peter Whalley, partner and head of business restructuring and insolvency at James Cowper said: “We have known Julia for some time and she is enormously experienced, having helped many businesses across the region. She will be a tremendous asset to the firm and we all look forward to working more closely with her.”

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