Cowgills expands its business recovery service to Liverpool

From left: Peter Ainsworth, Jason Elliott, John Dean

Chartered Accountants Cowgills continues to bolster its business recovery team with the launch of a Liverpool office which will be led by partner John Dean.

John’s appointment gives the company a presence in the Liverpool market, from offices based on Chapel Street in the city centre.

He will be joined by Peter Ainsworth who joins as assistant manager.

The news comes just months after Cowgills’ acquisition of the business recovery arm of Manchester-based accountancy firm RPG and takes the business recovery team to four partners, four directors and 11 staff.

Cowgills partner and head of business recovery, Jason Elliott, said: “John and Peter bring a huge amount of experience to the team and their professionalism and local knowledge will be key to helping us build our new Liverpool office.

“This investment and expansion into Liverpool further underlines our intent to be a market leader in the North West restructuring sector as the country slowly begins to reopen and I look forward to welcoming them to the team.”

Cowgills Business Recovery has seen unprecedented levels of support required for businesses during the COVID pandemic and said it is gearing up to provide advice right across the region for struggling companies.

The team will work with Cowgills from both its Bolton and Manchester city centre offices.

In its most recent Red Flag report last month, recovery specialist Begbies Traynor said 70,496 firms across the North West region are now in significant financial distress, a 42% increase on the same time last year (49,540).

Figures showed 30,196 companies in Greater Manchester and 10,679 on Merseyside were in financial distress after an entire year of lockdowns, restrictions and cashflow challenges.

There was an 18% jump in distressed firms in the North West region compared with the previous quarter (Q4 2020) analysed, an increase from 59,915 to 70,496.