FTS Recovery has today announced it has acquired the well-respected national insolvency firm FA Simms, adding a number of offices across the country.
FA Simms, similar to FTS Recovery, works closely with directors to offer restructuring and insolvency services, primarily to the corporate market.
FTS Recovery Director and Head of Recovery Marco Piacquadio, said: “We are very excited to welcome Richard and the wider team to our corporate family.
“FA Simms is an excellent fit for us. We hope to continue the great work achieved by FA Simms over the years and believe both their and our clients will quickly see the many benefits that our combined efforts can achieve.
“We are also pleased to announce all members of the FA Simms team will join FTS Recovery at a time when the insolvency market needs high-quality people.”
The acquisition sees FTS Recovery add to their national presence by taking on all the FA Simms locations including: Birmingham, Bristol, Cambridge, Kent, Leeds, London, Leicestershire, Manchester, Norwich, Oxford and Reading. FTS Recovery also acquires the FA Simms’ brand and its strong digital marketing footprint including its various websites.
FA Simms was established in 1978 by Frank Simms and has latterly been led by Managing Director Richard Simms, who also now joins FTS Recovery.
“We are delighted to join one of the UK’s fastest growing and dynamic practices FTS Recovery at this exciting time. I look forward to seeing the achievements our combined operations will reach,” said FA Simms Managing Director Richard Simms.