Accounting Firms

Moorfields Advisory unveils BM Advisory merger

It said the merger will strengthen Moorfields’ geographical spread, specialist expertise and breadth of service

Independent restructuring and advisory firms BM Advisory and Moorfields Advisory have announced a merger, designed to enhance “ambitious growth plans” and to provide a “strong all round service proposition” to the market across the UK.

The pair revealed the merged businesses will continue to operate under the Moorfields Advisory brand.

In addition, it said the merger will strengthen Moorfields’ geographical spread, specialist expertise and breadth of services. The new combined team of 43 includes seven partners and four directors, which the firm said will provide an “exceptionally strong and varied team” with “extensive experience and a solid track record of success”.

Some recent successes include Hummingbird Bakery, Toys R Us, Select Fashion, Tough Mudder, Basler, Pretty Green and Hawkins Bazaar.

The enlarged Moorfields business will also be able to draw on the expertise of the wider Beavis Morgan group including ACP Cadence Advisory and BM Structured Finance.

Andy Pear, BM Advisory partner, said: “This is an exciting announcement. Moorfields are well placed in the market and have a strong presence in the retail, property and asset based lending sectors.

“Their ethos is very similar to ours so we are confident that this merger will help us deliver competitive advantage in the market place. Over the next 12 to 24 months we expect to see a number of businesses starting to feel the strain following the loss of Government initiatives put in place during COVID, so this is an opportune time to ensure we have the additional capacity, geographical spread and expertise to assist them.”

Phil Smith, Moorfields partner, added: “On behalf of all the partners at Moorfields, we are delighted to have completed this merger and to see our businesses come together as we share our passion for exceptional service in providing advisory and restructuring solutions. We look forward to developing the practice together, in what could be a challenging period for businesses generally.”

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