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Weekly moves 2 July 2014

Two senior appointments at SIA Group

Asset valuer and auctioneer SIA Group has announced two new hires within its advisory services practice.

Ian Dyer and Fiona Cheshire have joined as senior appraiser and ABL transactional support manager respectively.

Dyer has nine years of experience in the asset valuation industry after senior roles at GoIndustry DoveBid and Edward Symmons, as well as being a qualified accountant.

Cheshire will provide transactional support services to the structured asset based lending market. She has 17 years in the ABL industry in senior Audit & Survey roles at Aldemore, Atlantic RMS and RBSIF.

Group managing director at SIA Group, Paul Craig, said: “Innovation and talent is fundamental to our growing business. Ian and Fiona have an excellent track record working in partnership with asset based lenders, banks and restructuring professionals and will augment our capabilities in the asset advisory services business.”

New insolvency firm launched through merger

A new Manchester-based insolvency practice has been launched following a merger between Berry & Co and corporate recovery specialist Jonathon Cooper.

Berry & Cooper will be led by Berry & Co founder and insolvency practitioner Stephen Berry, alongside Cooper, who has incorporated his team of corporate recovery specialists into the new business.

The company has projected annual fee incomes of £2.6m and is already planning further expansion.

Cooper said: “Plans are already in place to spread our wings beyond Manchester and the North West and we intend to expand our footprint into as many as five different locations over the next year.”

The company has stated it will draw upon a six-figure business development and acquisition fund to execute its growth strategy, which includes the recruitment of five additional insolvency practitioners across the UK.

Berry said: “We are harnessing our vast expertise and resources to create a dynamic, forward-thinking firm that will quickly become a true force to be reckoned with in the insolvency market.

“The majority of firms in this industry have retreated into their shells following a sustained period of market contraction. What sets us apart from those practices is that we are determined to achieve significant growth ambitions and we have the confidence and collateral to back them up.”

Begbies Traynor opens new Swindon office

Begbies Traynor has announced the opening of a new office in Swindon.

The new office will be headed up by managing partner Julie Palmer with other staff, including partner Neil Vinnicombe and director Simon Campbell.

Palmer said: “We are delighted to announce our move into Swindon and are really looking forward to offering our renowned financial consulting and recovery expertise to local businesses.

“Many firms are finding that as the economic recovery continues, fresh challenges such as over-trading and consequent cash-flow strains are once again threatening businesses with ambitious growth plans.

“At Begbies Traynor we have developed a track record for helping management teams to place their businesses on a secure footing, in order to take advantage of increasing opportunities that Swindon offers.”

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