BusinessBusiness RecoveryConsortium buys seven Vantis offices

Consortium buys seven Vantis offices

A consortium has completed its management buyout of seven Vantis offices lead by five former partners

Seven former Vantis offices have been sold on to former partners after the
firm was placed into administration earlier this week.

Outposts in St Albans, Beconsfield, Sidcup, Loughton, Darlington,
Middlesborough and Hartlepool were purchased by five former partners.

The businesses had together generated about £17m in fee income in the last
financial year and will keep on its 260 staff.

One former partner Andrew Williamson, who negotiated the deal, said the
offices will work as independent legal entities.

“The consortium have worked together tirelessly to organize the buy-out from
Vantis,” he said.

“This collaborative approach, going forward, will allows us to continue to
utilise the full expertise across the locations to the advantage of our clients.

The Darlington, Middlesborough and Hartlepool offices will eventually be
merged into one entity called Evolution Business & Tax Advisors under
managing partner Ray Priestman.

The Beaconsfield branch is now called Rouse Partners, under managing partner
Neil Relph while St Albans will be called Williamson Morton Thornton with Andrew
Williamson as managing partner.

Sidcup will become McBrides with Nick Paterno taking the top partner role and
Loughton is now Alwyns under Roger Neville.

Further reading:

RSM
Tenon may spend £6.8m in Vantis acquisitions

Stanford
liquidators fight to stay on after Vantis MBO

Vantis
enters administration

Breaking
News: Vantis close to administration

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