Focus sets sights on south coast firm

WIGAN insolvency firm Focus Insolvency Group has acquired a consultancy based on the south coast.

It has bought the Newhaven-based Phil Stone Consultancy, which specialises in restructuring advice. The value of the deal was not disclosed.

Focus’ managing director Anthony Fisher said: “We are already well placed to offer advice, guidance and solutions on debt and money issues. However, sometimes a business may unintentionally suffer at the hands of its directors or others as they might have very little skill or experience in running a business.

“They are good at their trade, but know very little about finding good deals, negotiating settlements, marketing or book-keeping and staying on top of the administration.”

He added: “The unique formula that Phil Stone Consultancy will bring ensures businesses who take these services up will benefit from increased revenues, decreased expenses and improved efficiencies within the business whilst Focus Insolvency Group will sort out the formal restructuring of the debts. Working with businesses in this way will give them every chance of success and will help to identify any further problems at an early stage.”

Phil Stone, who founded the business, will stay on as marketing director.