PWC IS CURRENTLY SEARCHING for buyers of its personal insolvency practice based in its Gloucester and Leeds offices.
The management team of both offices are currently working with PwC partners to sell the division.
Dan Schwarzmann, PwC partner and head of business recovery, said: “Given the nature of high volume personal insolvency work, PwC have come to the decision that the high calibre team will have better opportunities outside of the firm.
“We are working with the management of the personal insolvency group to secure a good result for the team and the firm, and are looking at a number of options including a sale of the business.”
PwC will continue to take bankruptcy and other personal insolvency appointments. However, it will only work with high net worth individuals and larger complex cases in this field.
Mazars has announced the appointment of Michael Tripp as the new head of financial services
A new leader, Darra Singh has been appointed to lead EY’s UK government and public sector practice
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com