Member Article

Acquisition secures bright future for insolvency experts

SHEFFIELD insolvency practice Graywoods has acquired Rotherham insolvency practice Moorhead Savage in a move that will offer expanded business turnaround and recovery services throughout the region and nationally.

The acquisition by Graywoods, based at Sheffield city centre’s Fountain Precinct, takes effect immediately, providing enhanced services to businesses across Yorkshire and beyond.

Graywoods director Deborah Lockwood said: “This is a great fit for both firms and comes at an exciting time for Graywoods as we cement our position as an independent insolvency practice with clients across the UK.

“This strategic alliance will bring real benefits for all our clients and we are looking forward to working with Moorhead Savage and its founder Paul Moorhead.”

Fellow director Adrian Graham added: “This new team will help maximise our potential to offer support and guidance to the business community and will certainly create a much stronger brand as we continue our planned expansion in the months and years to come.

“The timing is perfect for ourselves, the City Region and for our full network of clients who we are confident will all enjoy enhanced levels of service as a result of this exciting new venture.”

Dr Paul Moorhead of Moorhead Savage commented: “Moorhead Savage has grown consistently in a tough market and the time is right to join forces with Graywoods as we plan for a bright future.

“Graywoods and Moorhead Savage share the same ethos and approach to helping clients overcome financial problems and both firms will benefit from working together as we share expertise and resources to provide the best possible service to clients.”

Graywoods was formed in 2015 by business partners Deborah Lockwood and Adrian Graham after five years as the Sheffield office of a national insolvency firm. They had previously established Sheffield insolvency practice Hamiltons in 1999.

Moorhead Savage was established in 2009 by former Corporate Insolvency Practitioner of the Year Paul Moorhead and operates from offices in Rotherham.

This was posted in Bdaily's Members' News section by John Highfield .