Turnover hits £10.4m at corporate recovery firm Quantuma
Corporate recovery and advisory firm Quantuma achieved double-digit turnover growth in its latest financial results.
The Holborn-headquartered company generated £10.4m in the 12 months to March 31 2018, a year-on-year rise of 10%.
Carl Jackson, managing partner at Quantuma, attributed the growth to the firm’s increasing visibility and focus on recruiting talent.
Quantuma’s growing profile helped it secure a number of significant appointments, Carl said, including UK-wide retail administrations such as Store 21, which went into liquidation last summer with the loss of 900 jobs.
Carl commented: “We have also recruited five new partners during the year in Mark Lucas, Mark Sands, Mike Wright, Maxine Reid and Andrew Andronikou, as well as promoting legal sector specialist Sean Bucknall to partner.
“And we expect to announce the recruitment of three more partners in the next two months.”
During the 2017/18 year, Quantuma increased its headcount from 96 to 122 and opened three new offices to bring its network to 10.
Speaking further, Carl said: “It is not just at partner level we are committed to recruiting the best, we have also recently made eight internal promotions which demonstrates our faith and confidence in our home-grown talent.”
At the start of April, Quantuma acquired South Coast insolvency practice Ashtons Business Recovery Ltd. Managing partner Carl said he is not ruling out further acquisitions in 2018.
He added: “We are focused on growing organically as well as by acquisition and we have a number of running dialogues with interested parties which may or may not lead to deals in the coming months.”