BAKER TILLY restructuring partner Simon Bonney is joining niche insolvency practice Quantuma Restructuring.
He will be joined by several former RSM Tenon colleagues. Southampton-based Quantuma Restructuring was created by former RSM Tenon head of restructuring Carl Jackson (pictured) alongside fellow ex-RSM Tenon partners Paul Goddard and Kelly Mitchell.
Quantuma is expanding its reach with a new London office, with Bonney running that practice. Joining him at that office is business development director Barrie Ross-Dow and PA Corrin Donovan.
Jackson said: “With the opening of a London office we are able to expand our coverage and we are delighted that Simon will be leading the office with a new team. This is another significant step in the development of Quantuma Restructuring.”
Bonney originally joined listed firm Vantis as client partner at the end of 2008. However, the firm collapsed in 2010 with RSM Tenon buying some elements out of administration. He then became restructuring partner at RSM Tenon in June 2010. Listed firm RSM Tenon collapsed in September 2010 with Baker Tilly buying the business via a pre-pack administration. Bonney was partner at Baker Tilly for less than a year before making his current move.
In December last year, Quantuma bought two former RSM Tenon practices from Baker Tilly, based in Marlow and Brighton.
The acquisition from Baker Tilly included all business and assets including the offices, staff and caseload.
Jackson stepped down from RSM Tenon in September 2012, succeeded by Chris Ratten.
RSM Tenon acquired Bentley Jennison in 2010 for £76m creating RSM Tenon. However, the firm struggled: in 2011 it restated its accounts after the discovery of accounting discrepancies. The firm then had to post a £71m loss, with CEO Andy Raynor and chairman Bob Morton stepping down.
The firm then announced it was in merger discussions with Baker Tilly with a decision to be announced in September, however, RSM Tenon was bought by Baker Tilly via a pre-packaged administration.
PwC has been hit with a £2.3m fine by the accountancy watchdog over its audits of the financial statements of Cattles and Welcome Financial Services Limited
KPMG has retained its position as the listed company auditor, according to the latest Adviser Rankings.
EY has launched an internal guide on gender identity, expression and gender transition to support the Big Four firm's transgender community
Deloitte has reported its fastest annual revenue growth in a decade with a rise of 13.6%, reaching a turnover of £3.04bn