Underwood joins PwC

PwC has appointed Toby Underwood as a partner in the firm’s Northern Business Recovery Services team.

Mr Underwood, who has joined from BDO in Leeds, will work closely with David Kelly to lead the business recovery team in the North West, covering offices in Liverpool and Manchester.

He has more than 20 years experience working with financially distressed corporates, primarily based in the North of England. His primary focus has been to assist financial institutions in advising and working out corporate situations and debt advisory work.

His career has also included a stint in banking, and in 2000 set up Bank of Scotland’s Northern High Risk team, based in Manchester.

Mr Underwood, said: “I am delighted to be joining David and the team here in the North West. It’s a great opportunity to join a well established team with a wealth of talent and opportunity to grow further.

“The recent reduction in insolvencies in the North West reflects the expectation and hope that more favourable conditions will return and a viewpoint that alternative options to insolvency are being considered.  However North West businesses are certainly not out of the woods yet as we expect public sector cuts will hit the bottom line of many public sector suppliers.”

Nick Boden, senior partner, PwC in the North West said:”“We continue to invest in our resource in the North West so we are best able to serve our growing client list.

“In the last 12 months we have appointed six new partners and directors, helping to grow our talent base and further underlining our commitment to North West businesses.”