Business advisory firm Quantuma has appointed a new director, Mike Horton, to its financial advisory practice.
Horton has over 18 years’ experience working in the financial services sector, spending over half of his career advising businesses exhibiting signs of financial distress or entering a formal insolvency process.
The firm said his expertise spans “refinancing, new lending for businesses, portfolio management, and advising corporates and their financial stakeholders in turnaround situations”.
Before joining Quantuma, Horton managed the recoveries portfolio of peer-to-peer lender Assetz Capital for over four years. Prior to this role, he worked at Co-op Bank as a credit risk manager, and the Royal Bank of Scotland as a corporate manager within the bank’s global restructuring group.
In his role at Quantuma’s Manchester office, he will advise both businesses and a range of financial stakeholders across turnaround and performance improvement, options reviews, crisis and contingency planning and cash and working capital management.
Horton will join Quantuma’s growing financial advisory team, which is led by Louise Durkin, head of the firm’s financial advisory practice.
Horton said: “I’ve been very impressed by the pace at growth of Quantuma’s financial advisory practice over the last few years and I’m excited to be joining a firm whose reputation has gone from strength-to-strength.
“Businesses are entering a critical period where they will need to access advice to help them navigate financial and operation challenges post pandemic and Quantuma is very well placed to support those businesses.”
Louise Durkan, managing director at Quantuma, added: “Over the last year, businesses across the UK have faced unprecedented financial challenges. Our team has worked hard to support these businesses and we are committed to growing our team to ensure we can continue to provide our services to clients and SMEs across the UK.
“We are delighted to have Mike on board – he will bring invaluable experience and knowledge to his role and the team here at Quantuma.”