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Wednesday, 7 September 2011

Menzies launches new business recovery arm

We note from the company website that Menzies LLP, the accountancy firm, has launched a new business recovery arm with the acquisition of the insolvency specialist Benedict McQueen, the London office of Benedict Mackenzie. The acquisition brings to Menzies two partners and their team. Benedict Mackenzie’s other offices remain unaffected by the move. The team will be based in Menzies’ London office and will focus on insolvency and recovery work for SMEs as well as forensic investigation and litigation support.

This is an interesting development. The Menzies firm originally “spawned” Menzies Corporate Recovery now known as MCR Corporate Restructuring. Wonder what the guys in Portman Square think of this announcement by their erstwhile partners.

Consolidation in the insolvency sector is likely to continue as there has been a lower than expected level of insolvencies following the recession.

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