Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

RECOVERY FIRST OPENS NEW HQS AT REDHILL

Published by Gbaf News

Posted on May 16, 2014

Featured image for article about Top Stories

Recovery First, provider of complementary services to insolvency practitioners, accountants, restructuring and corporate recovery specialists helping personal injury (PI) law firms withdraw from the market, has opened new headquarters at Abbey House in Redhill, Surrey.

The office on Clarendon Road currently houses five employees, but is big enough to accommodate a further expansion as the business grows.

Recovery First also has an office in Glasgow and a presence in Manchester, but has recognised a need to be in closer proximity to specialists based in the south.

David Johnstone

The Redhill office is run by Recovery First’s operations director, Sally Dunscombe, who works alongside business development and administration staff.

Managing director, David Johnstone, now splits his time between Glasgow, Manchester and Redhill.

Commenting on Recovery First’s new office, David said: “Many of our colleagues in restructuring, banking, insolvency and accounting are based in the south so it was important for us to be closer to them, particularly now the huge changes in the legal sector during 2013 are taking affect and many PI firms are exiting the market in a distressed situation.

“The experts we work with are recognising that a fully managed exit from the market is preferential to insolvency or heavily discounted sales and we’ve been brought on board to work with three firms during the last six weeks, who want to achieve as much value as possible from their work in progress (WIP). Our Redhill office will oversee the initial transfer of cases to multiple panel firms and the monitoring of clients’ case loads as they progress to conclusion.”

On an outsourced basis, Recovery First works alongside insolvency practitioners, accountants, restructuring and corporate recovery specialists, helping PI law firms withdraw from the market. It helps firms achieve a much higher value than could be achieved by a discounted sale by facilitating, managing and controlling the earn out, so allowing 100% of the incumbent WIP to be realised.