BusinessBusiness Recovery£5m warchest for Leonard Curtis

£5m warchest for Leonard Curtis

Insolvency experts raise fund for expansion plan

A £5m WARCHEST has been raised business recovery specialists Leonard Curtis for a campaign of expansion.

A statement from the firm said the money, a loan from the Co-operative Bank would be used for ‘national’ growth.

The firm will use the money to  expand debt advisory services and open new offices.

Paul Reeves, business development director, said: “With so many businesses struggling with issues like Crown arrears; finding access to finding difficult or experiencing cash management problems often du to bad debts – we have seen unprecdented demand for debt advisory services.

“It’s part of the business that has been growing strongly and we will now be able to accelorate this process.”

The fund has been raised following the appointment of Daniel Booth as head of corporate strategies and John Mercer as group FD.

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