RSM Tenon has appointed Chris Ratten as its new head of corporate recovery.
Ratten has been advising small and medium enterprises, asset-based lenders and banks for the last 14 years, in both formal as well as advisory appointments.
His core sector specialisms are recruitment, manufacturing, retail, transport and travel.
Speaking on the news, Chris Ratten said he was keen to get on with the job in hand.
He said: “I am looking forward to working more closely with our partners regionally to ensure we continue to build the presence of our service line nationally.’
“Although the market for formal insolvencies has remained flat with an average of only 22,000 corporate insolvencies every year in the last three years, there is still over 200,000 businesses that have a high risk of insolvency.
“The current economic climate will mean many businesses will continue to face challenges for the next few years and so this is an opportune time to work with them.
“We have a strong network of contacts nationally and we are working hard to continue to build our relationships to ensure we maintain our position and provide turnaround and insolvency advice to business owners’.
CEO Chris Merry added: “Chris Ratten’s appointment comes at a very important time for the firm. He has experience in advising a whole range of clients from assessing their positions through to drawing up strategies to meet their business objectives or ensure their survival. Chris’ wealth of experience will be invaluable in leading us to further strengthen our position amongst our peers.’”
Chris Ratten has spent 14 years working with the asset-based lending and banking sector at RSM Tenon.
He moved to Recovery and Restructuring in 1998, taking formal appointments from 2004. Chris trained as a Chartered Accountant with RSM Tenon legacy firm Lathams and spent the first five years auditing SME’s and group companies.