Glasgow takeover sees English business advisory firm move into Scotland

An English-based business advisory firm has made its first move into the Scottish market with a deal to acquire a Glasgow insolvency and restructuring practice.

Ian Wright and Quantuma corporate restructuring and insolvency partner Scott Milne. Picture: Andy Buchanan

Quantuma has bought WRI Associates in a move which will see the Scottish office, along with founder Ian Wright and eight staff, fall under the London company’s brand.

Wright, one of three licenced insolvency practitioners at the firm, said: “The merger allows us to take advantage of Quantuma’s widely regarded and rapidly growing brand, whilst providing us with access to a wider portfolio of business advisory services which includes forensic accounting and investigations amongst other services.”

Wright, who launched the firm a decade ago after a career which had seen him work for RBS and Invocas Group, said that following the deal it would be “business as usual with additional value add for our clients and introducers”.

Ian Wright and Quantuma corporate restructuring and insolvency partner Scott Milne. Picture: Andy Buchanan

Founded in 2013 by Carl Jackson, Quantuma has grown to become a £25 million practice employing 250 staff. As well as its London base, the company has offices in Southampton, Marlow, Watford, Brighton and Bristol.

In April last year, the firm merged with Kingsland Business Recovery, which saw it take over offices in Bradford, Birmingham and Nottingham. It also has overseas offices in Cyprus and Mauritius.

Quantuma’s Jackson said: “Developing a footprint in Scotland has been on our agenda for some time, and we have been extremely impressed by the quality of work delivered by Ian and his team.”