Leading independent insolvency practice Berry & Co has joined forces with corporate recovery specialist Jonathan Cooper and his team to create an ambitious new firm.
The newly-formed Berry & Cooper has a projected annual fee income of £2.6m and plans to open a nationwide network of offices within the next 12 months.
The Manchester-based outfit is led by Berry & Co founder and insolvency practitioner Stephen Berry, alongside Cooper, who has incorporated his experienced team of corporate recovery specialists into the new business.
Berry & Cooper will call upon a six-figure business development and acquisition fund to execute its growth strategy, which includes the recruitment of five additional insolvency practitioners across the UK.
Speaking of the merger, Berry said:
“We are harnessing our vast expertise and resources to create a dynamic, forward-thinking firm that will quickly become a true force to be reckoned with in the insolvency market.
“Berry & Cooper clients now have access to unparalleled restructuring advice across a full range of insolvency situations.
“The majority of firms in this industry have retreated into their shells following a sustained period of market contraction. What sets us apart from those practices is that we are determined to achieve significant growth ambitions and we have the confidence and collateral to back them up.”
Cooper said:
“Plans are already in place to spread our wings beyond Manchester and the North West and we intend to expand our footprint into as many as five different locations over the next year.”
Berry & Co was founded by former solicitor Stephen Berry seven years ago and delivered a number of high-profile restructuring projects, including the much-publicised administration of law firm Wolstenholmes LLP.
Cooper is a highly regarded corporate recovery specialist with a highly successful track record in business turnarounds over the past ten years.
For further information about Berry & Cooper, visit www.berrycooper.com, email enquiries@berrycooper.com or call 0845 303 5999.