Corporate recovery firm Quantuma acquires insolvency practice

Corporate recovery and advisory firm Quantuma has acquired an insolvency practice based on the south coast

Ashtons Business Recovery Ltd, now part of London-based Quantuma, will continue to operate through its offices in Ringwood and Weymouth.

All seven staff members will remain with the acquired business.

Carl Jackson, founder and managing partner of Quantuma, said: “We continue to grow organically, but when the opportunity occurs to acquire a quality practice such as Ashtons, then it makes sense to talk.

“We have known David [Meany, founding partner at Ashtons] and his staff for many years, and they are an experienced team who will complement our existing staff in Southampton.”

David Meany commented: “For our clients it is very much business as usual, but the acquisition provides us with access to Quantuma’s national network and wider business advisory and forensic services.”

Ashtons Business Recovery Ltd was founded in 2010.

Quantuma employs 120 staff across offices in London, Southampton, Marlow, Watford, Brighton, Bristol, Manchester, Birmingham, Ringwood and Weymouth.