Opus opens new Preston office with local Partner
August 2, 2021
Continuing its commitment to businesses in the North West of England
Opus Business Advisory Group’s continues its commitment to supporting business with local expertise, opening a new office in Preston, Lancashire. Insolvency Practitioner, Ian McCulloch joins Opus Restructuring & Insolvency to lead this dedicated office.
A corporate insolvency professional specialising in SME liquidations and administrations, Ian has over 17 years’ experience in the corporate market. Alongside this expertise, Ian believes that a focus on advisory support for business owners is crucial.
Ian McCulloch explains:
‘I am pleased to be joining the Opus team and working with like-minded Partners. In what is going to be a turbulent time ahead for the economy, it has never been more important to carry out our work with Director-led advice and recommendations based on the best outcomes for all stakeholders. This has always been the Opus ‘way of working’ which is what attracted me to joining the Group.’
Whilst the Government support has been instrumental in the survival of many businesses during the Pandemic, the gradual relaxing of furlough and repayment of loans has created cash flow pressures on businesses as they reopen. This has already seen The Insolvency Service report that company insolvencies across England and Wales have climbed by 31% quarter-by-quarter to 3,116 in Q2 FY21.
The restructuring and insolvency division works closely with the other service lines within the Group to deliver support to businesses throughout all stages of the business life cycle. Whether that is supporting growth opportunities or business challenges, the divisions work seamlessly to assist in each matter where we are involved.
Colin Wilson, a founding partner of Opus, added:
‘Our philosophy is to provide a high-quality national service, that is firmly rooted in strong local knowledge and Ian is a fantastic addition to head up our new office. We firmly believe in delivering support that takes the stress out of distress as we look forward to playing our part with confidence in achieving the best outcomes possible for all stakeholders as businesses start to resume trading.’