Insolvency firm MCR set for Midlands office launch

Insolvency firm MCR set for Midlands office launch
MCR, the corporate turnaround firm, is set to open its first office in the West Midlands.

MCR, the corporate turnaround firm, is set to open its first office in the West Midlands.

The new office will be in Birmingham and will open in March, founding partner David Whitehouse told TheBusinessDesk.com.

MCR, which has large offices already in London and Manchester, is also targeting Leeds in its expansion, although opening in the Midlands will come first.

The firm, which  recently handled the administration of national book chain Borders, this month launched a new debt advisory service, led by former Bank of Scotland Corporate executive Paul Smith.

Mr Whitehouse said: “We are looking to hire new people, open new offices and are delighted to launch the debt advisory service, which I’m sure will take off

“We are continuing to see a lot of distress, particularly in retail and property and I share the view of many in the profession that there will be more insolvencies as we come out of recession.”

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