INSOLVENCY specialist Leonard Curtis has acquired the work in progress (WIP) of Shipleys’ corporate recovery practice after the London-based firm offloaded its insolvency work to concentrate on its core business.
Steve Ryman, principal of Shipleys said the transaction would enable the firm “to refocus on our core business of providing professional business advisory services”, although it is unclear how the deal will affect Shipleys’ appointment takers after the firm declined to comment further.
The deal is the latest in a series of WIP purchases completed by Leonard Curtis after the SME recovery specialist previously bought the WIP of insolvency practitioners J M Marriott & Co in 2012 and acquired the majority of the caseload of Bridge Business Recovery LLP in 2011.
Neil Bennett, director of Leonard Curtis Business Solutions Group [pictured], said: “We are delighted to announce the acquisition of the WIP of Shipleys’ insolvency practice. We see the deal as an opportunity to reinforce our position in the market as a key provider of insolvency services.”
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