Member Article

Revenue at insolvency practice Quantuma jumped by 21% last year

Restructuring and insolvency practice Quantuma, which has a major office in London, has enjoyed record turnover growth in the last 12 months as it plots further growth.

The practice, which was set up in 2013 by Managing Partner Carl Jackson, saw turnover grow to £9.5m in the year to 31 March 2017, despite operating in what Jackson describes as a ‘relatively quiet market’.

A string of case appointments, including the largest insolvency in the UK legal market last year when King Wood Mallesons (KWM) entered administration, has encouraged investment in its IT systems and a recruitment drive which has grown headcount to 96.

It comes after the firm announced that it is to set up shop in Manchester with its new North West office, adding to its presence in Southampton, Marlow, Watford, Brighton and Bristol.

Such has been the success of the business over the last four years that its Bristol office recently moved to larger premises and its Southampton office would also be relocating later this month.

Following the Quantuma’s impressive performance this year, Carl Jackson commented: “To be able demonstrate a 21% growth in what remains a relatively quiet market is outstanding and an absolute testament to the quality of the team we have here at Quantuma.”

Looking to the year ahead, Jackson added that the firm’s focus would be on senior level recruitments and further growth across the UK.

He said: “As with Manchester and our recruitment of Mike Wright to lead our expansion in the north west, our growth is likely to be people-led rather than purely geographical for the sake of it.

“We invite expressions of interest from talented insolvency specialists who relish a challenge and would like to be part of a very exciting time at what is still a young firm, barely four years old.”