PracticeAccounting FirmsChantrey Vellacott recovery team completes MBO to form new firm

Chantrey Vellacott recovery team completes MBO to form new firm

Partners in business recovery division of Chantrey Vellacott complete MBO to form new firm

PARTNERS in the business recovery division of Chantrey Vellacott have completed a management buy-out of the division following the parent firm’s merger with Moore Stephens, Accountancy Age can reveal.

The division did not take part part in the merger on 1 May 2015 between Chantrey Vellacott and Moore Stephens, which created a £162.7m firm. The new recovery specialist will be known as CVR Global LLP.

CVR Global, which will operate as an independent provider of restructuring, insolvency and pensions advisory services, employs a team of some 60 people, including seven partners, based at offices in London, Birmingham, Brighton, Colchester, Northampton and Southampton.

“It felt like the perfect time to start a new, progressive, entrepreneurial firm – building on the excellent reputation of the division and our track-record of delivering quality work” said Richard Toone, managing partner of CVR Global. ‘’It is an exciting time to be launching a new business.”

The London office is relocating to new premises in New Fetter Lane. Adrian Hyde, partner, commented: “We are very excited about the move to New Fetter Lane. It is the perfect place for us – right in the heart of the legal community, next to the High Court and at the edge of the City of London.”

“We fully intend to develop our range of services and to grow the firm through the recruitment of additional partners and the expansion of the team” said Kevin Murphy, partner. “As a first step, we will shortly be making an announcement about our new offshore offices”.

Related Articles

Smith & Williamson and Rathbones merger talks end

Accounting Firms Smith & Williamson and Rathbones merger talks end

2m Alia Shoaib, Reporter
Tilney and Rathbones in bidding war over Smith & Williamson merger

Accounting Firms Tilney and Rathbones in bidding war over Smith & Williamson merger

2m Alia Shoaib, Reporter
Deloitte acquires Swedish digital agency Acne

Accounting Firms Deloitte acquires Swedish digital agency Acne

2m Alia Shoaib, Reporter
Hall Livesey Brown merges with Colin F Whitfield & Co

Accounting Firms Hall Livesey Brown merges with Colin F Whitfield & Co

1y Richard Crump, Writer
2020CA Ltd joins Beavis Morgan to form BM2020

Accounting Firms 2020CA Ltd joins Beavis Morgan to form BM2020

1y Stephanie Wix, Writer
Leonard Curtis Scottish office led by ex-KPMG senior manager

Accounting Firms Leonard Curtis Scottish office led by ex-KPMG senior manager

9m Accountancy Age editorial
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

10m Kevin Reed, Writer
Kingston Smith liquidators to distribute millions to Bond International Software PLC members

Accounting Firms Kingston Smith liquidators to distribute millions to Bond International Software PLC members

10m Stephanie Wix, Writer