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Weekly moves 19 June 2014

Zolfo Cooper announces Advisory Service practice

Advisory and restructuring firm Zolfo Cooper has announced the creation of a dedicated Advisory Services practice.

The company said the practice, which will have a headcount of 30 staff and seven partners, will run alongside its existing Restructuring Services team and will be headed up by Graeme Smith.

Smith said: “I am extremely excited about the opportunity to lead Zolfo Cooper’s Advisory Services team. For many years we have worked extremely successfully alongside our Restructuring Services colleagues and will of course continue to do so.”

Simon Freakley, chief executive of Zolfo Cooper, said: “Our non-restructuring offering has been growing for some years now as we have responded to changes in the business environment and the demands of our increasingly diverse client base.

“The creation of a dedicated Advisory Services practice which can not only support our internationally renowned and highly successful Restructuring Services business but also continue to win, and deliver, high profile engagements in its own right is a logical part of our growth.”

Baker Tilly brings in turnaround specialist

Business turnaround specialist Allan Kelly has joined accountancy firm Baker Tilly as a partner for the business’ North East practice.

Kelly holds over 20 years’ experience advising both business management and stakeholders such as banks, asset based lenders and equity funders in restructuring advisory and turnaround situations, as well as working in an executive capacity holding interim management roles within businesses during the turnaround phase.

Kelly said: “In an increasingly globalised environment, businesses need support to deal with suppliers and creditors from across the world, so I’m delighted to be joining a firm that has both national and international reach.”

Steve Railton, office managing partner for Baker Tilly North East said: “Allan has impeccable credentials and is held in high regard by his peers and clients across the North East, so we are delighted he has agreed to join us at Baker Tilly.

“We already have a strong Restructuring and Recovery team with our partners Steve Ross and Ian Kings – adding Allan’s specialist turnaround experience will further enhance this strength and enable us to better assist businesses across the region who are facing difficulties.”

Kelly is a member of the Institute of Turnaround, a licensed insolvency practitioner and holds the ICAEW Corporate Finance qualification. He is also the current Chair of the North East branch of insolvency trade body R3.

PKF Cooper Parry expands East Midlands

Business advisory and accountancy firm PKF Cooper Parry has announced two new partners at its East Midlands restructuring team.

Paul Addison and Steve Butler have joined the firm, bringing the total staff at the practice to 20.

Addison has joined the firm as director of restructuring, after 20 years at Grant Thornton, with experience across restructuring and advisory work.
Addison said: “I’m thrilled to have joined PKF Cooper Parry and excited to bring my expertise to the table. As the economy improves, directors will gain confidence to invest in their businesses to take advantage of new opportunities.”

Butler has joined the company’s restructuring team as a senior administrator, responsible for managing a portfolio of cases and he will be involved in various restructuring assignments from commencement to conclusion.

Butler said: “I have 12 years’ experience working for a middle-tier accountancy firm and also for one of the top four accountancy firms.

“I was attracted by the strong reputation of PKF Cooper Parry, particularly its modern, forward-thinking approach.”

Tyrone Courtman, partner and head of restructuring at PKF Cooper Parry, said: “Paul and Steve are fantastic additions to our team and we welcome them on board. It is a very exciting time for the firm, with our move to the new office and a bank of innovative and creative plans for the future of the business.”

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