FORMER BAKER TILLY senior Kevin Lucas has started up two insolvency practices in Manchester.
He has teamed up with Nigel Johnson, who is one of the founding members of insolvency firm Lines Henry. Together they have created Lucas Johnson, which will provide restructuring and insolvency procedures to corporateS; and Free of Debt which will be aimed at individuals.
Lucas was most recently a partner for North West-based insolvency firm BCR, which had offices in various locations including Manchester and Newcastle. He trained at Gruber Levinson Franks and spent three years at Baker Tilly, latterly as a senior.
“The insolvency market has been fairly static over the last few years, but a hardening of attitudes by a number banks and HMRC suggests this will change,” said Lucas.
“We expect the static economy will only serve to make it much tougher over the next 12 months and our very busy first few weeks seem to indicate the tide is turning and insolvency numbers are on the rise.”
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