Insolvency specialists snapped up by London firm

Insolvency specialists Kingsland Business Recovery are merging with London firm Quantuma as the £20m-turnover firm looks to grow northward.

The business advisory firm will take on Kingsland’s offices in Bradford, Birmingham and Nottingham, and all eight of its employees in its first move to the Midlands and Yorkshire.

Founded in 2013 by Carl Jackson, Quantuma has grown into a £20m-turnover practice with 150 staff. It has a strong presence in the South, and is looking to expand its reach further North.

Last month, the business opened its first office in the North West with a site in Manchester’s popular Number One, Spinningfields development.

Kingsland Business Recovery provides restructuring and insolvency solutions to businesses across all industry sectors. The team have a combined experience of over 75 years in the insolvency business.

Taz Rashid, director at Kingsland (pictured) said: “We are delighted to be joining Quantuma at such an exciting time. The merger provides us with access to Quantuma’s national network and additional business advisory services, which means it is business as usual with additional value add for our clients.”

Carl Jackson, managing director at Quantuma, said: “We continue to grow rapidly organically, but when the opportunity occurs to merge with a quality practice such as Kingsland Business Recovery, then it makes sense to talk.

“Developing a footprint in the Midlands and Yorkshire has been on our agenda for some time, and we have been extremely impressed by the quality of work delivered by Taz, Rehan and their team.”