Quantuma has announced it has acquired Manchester-based specialist insolvency and advisory firm Bell Advisory Ltd, following a period of significant growth.
Bell Advisory has two team members, Gary Bell (founder) and Paul Llewellyn, both of whom will join the business advisory firm as restructuring and insolvency director and manager respectively. Bell Advisory will operate under the Quantuma brand.
Gary and Paul have combined experience of over 50 years, specialising in corporate matters ranging from advisory work to formal insolvency procedures, as well as solvent restructuring processes.
The pair will continue to be based in their current central Manchester offices, whilst Quantuma’s Manchester office lead Rob Parry seeks larger premises to bring both teams together under one roof. The move will accommodate the continued growth the firm has experienced in the North West in the last 12 months and further growth for the next two years.
Since opening its first location at Spinningfields in March 2019, the firm’s Manchester office has grown its headcount to 14 in the region, making it the firm’s sixth largest office.
Quantuma has also grown its offering in the North West since it opened last year, with a focus on forensic accounting, restructuring advisory, debt advisory and investigations. The firm is now also offering pre-insolvency advisory and formal appointment taking.
Rob Parry, office lead for Quantuma Manchester said: “We continue to grow rapidly in the North West and when the opportunity occurs to merge with a quality practice with experienced advisers like Gary, then it makes sense to talk.”
Gary Bell, restructuring and insolvency director at Quantuma, said: “It is an excellent time to join Quantuma’s team in Manchester. I have closely followed the growth that the firm has experienced both nationally, and here in Manchester, for some time and have been very impressed. It is business as usual for my team and I, with the added benefit of being able to offer a wider range of advisory services to my introducers, including forensic accounting.”