Pictured: Steve Wood
International accountancy firm Mazars, which has offices in
Birmingham, Wolverhampton and Nottingham, has purchased PWC's
volume personal insolvency business.
Birmingham-based partner Steve Wood, who is national head of
Mazars Restructuring Services, said: "This is a significant step
forward for our National Bankruptcy Centre and we are looking
forward to the challenge of running the combined business.
"Our business is now in a position to become the lead practice
in its market and we are excited by the opportunity it gives us to
further enhance services to both our existing and new clients.
PwC's volume personal insolvency business has been based in its
Gloucester office for 25 years and 27 staff members have
transferred to Mazars.
The business will be integrated into Mazars' National Bankruptcy
Centre, based in the firm's Milton Keynes and London offices, which
has demonstrated rapid growth since it was founded five years ago.
The combined practice will have 50 staff and partners and
will be led by Mazars partner Martin Pickard.
Mazars partner Guy Hollander will be responsible for the
management and integration of the Gloucester practice. In addition
to Martin and Guy, three other practitioners will be taking
appointments as Trustee in Bankruptcy: Ann Nilsson (Milton Keynes),
Tim Hewson (Gloucester ) and Ed Thomas (Gloucester).
Paul Rouse will take charge of both the London and
Gloucester-based National Creditor Services team, which liaises
with creditors to represent their interests and secure bankruptcy
appointments.
Dan Schwarzmann, PwC's Head of Business Recovery Services,
said: "I am delighted that Mazars has come through as the purchaser
of our volume bankruptcy business and I know we have done the right
thing for the team and their futures.
"We will now focus exclusively on complex and contentious
assignments in the personal insolvency sector. I have been
impressed with the professionalism shown by Mazars throughout the
sales process and wish the combined business every success for the
future."