Business Solutions Group

Trading was strong across the whole Group, but particularly in the debt advisory division, Corporate Strategies and the finance raising division, Factoring Advisory Service. Finance Director Jon Mercer said “This year we have invested significantly in group infrastructure, made several key appointments nationally and also opened a Bristol office.  The excellent results for the twelve months to April 2011 have been without a full year effect of this investment, so we anticipate there to be positive impact on this coming years’ performance.

Business Development Director Paul Reeves said “Businesses are increasingly looking for solutions that don’t involve insolvency procedures and our service lines have expanded to accommodate this. If we get involved with a stressed business early, there are more options and a greater chance of aiding their recovery, and avoiding a distressed scenario.”

After securing a £5 million funding package with The Co-operative Bank earlier this year, the Group has focussed on expanding its debt and funding solution services offering for the SME market. The Group’s restructuring division, Leonard Curtis Rescue & Recovery however, remains in the Top 3 nationally in terms of administration appointments. Visibility, the Group’s risk management and assurance business continues to grow strongly within the Asset-Based  Lending market.

The Group has 8 offices nationally and is looking at a number of acquisition opportunities to expand geographically and continue to broaden its service lines. Mr Reeves continued, we have some high profile recruitment planned nationally over the summer and 2011/12 will be another year of investment in the business, through recruitment of key staff to drive organic growth, although we won’t rule out an acquisition if we feel it complements the Group’s offering.”