Insolvency guru Kelly switch.
Byline: John Duckers
Birmingham insolvency insolvency
Condition in which liabilities exceed assets so that creditors cannot be paid. It is a financial condition that often precedes bankruptcy. In the context of equity, insolvency is the inability to pay debts as they become due; insolvency under the balance-sheet guru guru (g`r, gr` John Kelly John Kelly or Jack Kelly is the name of: People
Founded in the late 1970's by former county squash coach Mike Ashley, the group Sports World International is now the UK's largest retailer of sports clothing and accessories. , is quiting Kroll for Begbies Traynor.
He is best know for handling past collapses of Moseley and Coventry rugby clubs along with Luton Town football club, and is currently one of the joint administrators of Notts County.
Manchester-based Begbies Traynor set up an office in Birmingham last year under James Martin James Martin or Jim Martin may refer to:
Now Mr Kelly (right) will be joining up with a brief to help build the firm up.
Mr Kelly, aged 50, said: 'Begbies Traynor is a well-established specialist corporate recovery practice.
'I am being given the opportunity to be build another new team in Birmingham. That is very exciting and I am looking forward to the challenge.
'It is one of my strengths.' Once with accountants Ernst & Young, Mr Kelly joined Buchler Phillips, which became Kroll, six years ago.
And he was instrumental in developing Kroll's presence in Birmingham.
He added: 'The team at Kroll are excellent. I brought in many of them and I will be very sad to leave.'
Mr Kelly said he was in negotiation with Kroll about about his departure date but believed it would be by the end of this year.
Begbies Traynor has its Birmingham office in the IoD Hub in the city centre but is looking to move to a permanent base in the New Year.
Meanwhile Kroll has further boosted its business throughout the Midlands with two senior appointments and the launch of the Kroll Industry Group.
The team has been strengthened by the appointment of Adrian Wolstenholme, who joins as a partner of Kroll's corporate advisory and restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). group in Birmingham.
Mr Wolstenholme has more than 12 years experience within the corporate recovery industry, having previously worked for Andersen as a partner and most recently was head of corporate restructuring for Ernst and Young in Birmingham.
He has experience of advising on complex business situations, particularly for banks, venture capitalists and other leading institutions.
The company has also appointed Chris Gregory as partner in charge of its Midlands operations, while still continuing in his role as corporate finance partner.
The new Kroll Industry Group will be lead by Roy Kishor, partner, and assisted by Jeremy Marshall and Simon Paul.
The group is a dedicated team providing experience and commercial expertise into a range of restructuring, corporate finance and business improvement situations.
The new appointments come after a busy 18 month period for the company, which has seen them open an office in Nottingham and acquire Invex Partners, the city centre based corporate finance adviser, now operating as Kroll Corporate Finance.
Mr Gregory said the additions to the team and the further expansion of the group underlined Kroll's ambitions of being the market leader in the Midlands for corporate recovery, restructuring and corporate finance.