Quantuma opens office in Eastbourne, 6th in the South East

22 November 2018 Consultancy.uk

Business advisory firm Quantuma has strengthened its South East presence with the launch of a new office in Eastbourne. The new facility will be led by Partners Maxine Reid and Sean Bucknall, and will offer corporate finance, commercial funding, restructuring, investigations, forensic accounting and litigation support to clients in the region.

Corporate recovery and business advisory firm Quantuma has seen a busy 2018, as a number of previously up-and-coming UK businesses have floundered amid difficult trading conditions. Kicking on from its recently celebrated  fifth anniversary, the firm reported a strong financial performance, with turnover for the year to 31 March 2018 having risen to £10.4 million, an increase of 10% on 2017 levels. With offices in London, Southampton, Bristol, Marlow, Watford, Brighton, Birmingham, Manchester, Ringwood and Weymouth, in July 2018, the firm also opened two new international offices in Cyprus thanks to heightened demand.

Quantuma has been expanding at home as well as abroad, however. Having been tapped to oversee the turnaround of BCF Plumbing, administration of British-based mobile phone maker WileyFox, and the sale of Chelsea Apps Factory, the consultancy has been working to expand its headcount and bolster its capacity to meet the expanding expectations of its clients. In October this saw the firm add to a growing list of new arrivals with two new Partners in its London headquarters.

Quantuma opens office in Eastbourne, 6th in the South East

Now, Quantuma has added to its UK capacity with the opening of its twelfth presence in the country, and its sixth in the South East. Opened in November 2018, the new office is located at The Old Printworks in Eastbourne’s town centre. According to a release from the firm, the facility will provide a full range of services, including corporate finance, commercial funding, restructuring, investigations, forensic accounting and litigation support.

The Eastbourne office will be headed by Partners Maxine Reid and Sean Bucknall. Reid joined Quantuma earlier in 2018, following a six-year stay with Kreston Reeves, where she was most recently a Restructuring & Recovery Partner. Bucknall meanwhile has been with Quantuma for five years now, and became a Partner in 2018.

Maxine Reid said of the news, “Our new Eastbourne base is part of our long-term strategy to grow our presence across the UK, as well as globally. As a whole, the South East is the fastest growing area after London and is home to the second largest regional economy in the UK. As a team, we have in-depth understanding of the opportunities and challenges facing businesses across the region. We look forward to continuing to provide first-class restructuring solutions and wider advisory services to the local business community.”


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Newcastle consulting firm opens Baghdad office

05 April 2019 Consultancy.uk

A Newcastle-based consultancy has announced it will open its first office in Iraq. The news comes despite warnings that the area remains “high risk” for businesses.

16 years after the start of Operation Iraqi Freedom, the nation remains a shadow of its former self. The continued chaos wrought by the Iraq War – which eventually played a role in the rise to prominence of Daesh, further destabilising the region – means that even now, the nation’s capital is deemed to have the lowest quality of living in the world. According to a recent survey from Mercer, Baghdad ranked last overall – immediately below Bangui of the Central African Republic and Damascus in Syria – despite the other two being determined as the worst cities on the planet for personal safety.

However, as with the wider Middle East, the oil-rich state presents a lucrative destination to businesses willing to take the risk. To that end, a Newcastle recruitment consultancy has announced the opening of its first presence in Iraq’s capital city. Samuel Knight has taken the decision to open its Baghdad locale in order to grow its business in the Middle East.

Newcastle consulting firm opens Baghdad office

While businesses remain wary of the region, Samuel Knight specialises in recruiting talent in the energy and rail sectors, and in a release it said the new office would continue to focus on these areas. It will also allow the firm to make sure it abides by local compliance laws. The new location will be headed up by Haider Kadhim, Samuel Knight’s Iraq country manager, who will work as the first point of contact for clients and candidates. Representatives from the Department of Trade Industry are expected to attend a launch event for the office, which will be held this month.

Commenting on the new office,  a spokesperson for Samuel Knight said, “We probably don’t see it as a risk, but more of an opportunity, as we operate in the Middle East extensively already. We have contacts in place in the country location and with the consultants we have. We felt it was a great opportunity to expand into a country we are already doing work in. It means we have an on-the-ground team to help our clients. From our perspective, it is that we are looking to expand into new territories, but we are also supporting countries that are starting to redevelop after years of warfare.”

Steve Rawlingson, CEO at Samuel Knight, said, “Our aggressive five-year growth plan is manifesting at  an impressive rate, taking the company to exciting new territories. The team is working diligently to surpass expectations set out in the plan, and to ensure Samuel Knight is cemented as the leading global energy and rail recruitment specialist. Our Baghdad office will give us a distinctive edge over our competition and allow for more exciting business opportunities. Once the office becomes more established and client acquisition develops, we will certainly be adding more consultants and manpower in the city.”