Following an increase in demand for corporate recovery and restructuring
services, mid-tier firm Grant Thornton has decided to base a team of business
recovery and restructuring experts in its Reading office.
It has been 15 years since the firm last had a recovery team in the city.
Heading up the business will be David Matthews, a director within the firm’s
recovery and reorganisation practice.
Matthews said: ‘Increasingly we are seeing lenders and investors in the
Thames Valley having to find value added solutions for companies facing
challenging financial issues, to ensure that they get back on their feet.
’Preventing a company from going into insolvency through providing a range of
solutions is our key focus.’
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children