Asset recovery firm seeks capital growth
BLACKBURN-based asset recovery specialist Winterhill Largo has relocated to larger premises in London and appointed a new office head.
The firm, which specialises in advising insolvency practitioners on the value and recovery of assets, has opened a new office at 8 Percy Street in London’s West End and appointed director Andrew Dunbar to take charge of the business.
Mr Dunbar said: “I am pleased to say we are experiencing an increasing appetite for our services in London and also overseas, and a base here will become increasingly important as we grow the business and our brand.”
The new office that opens this month will replace the firm’s smaller base on Pall Mall that was opened 12 months ago.
The firm said that a recent run of appointments had seen it value assets as diverse as property developments, oil exploration equipment and the UK’s last remaining brass foundry.
CEO Neil Duckworth said: “We have established a business with a unique blend of valuation, property, sales, debt recovery and insolvency expertise, and we are equipped to grow quickly, whether organically or by acquisition.”
The firm, which recently acquired Manchester-based property surveyor David Currie & Co, now employs 60 staff across five offices. In January last year, the firm announced a plan to float on the Alternative Investment Market with a view to raising expansion funds but turbulent stockmarket conditions forced the company to shelve the idea.
