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FTS has acquired licensed insolvency firm Beacon LIP Ltd in a significant expansion of its UK service offering.
Beacon LIP is one of the south coast’s leading providers of corporate and personal insolvency solutions.
This is FTS Recovery’s second acquisition of the year. It follows the acquisition of business rescue and insolvency practitioners, FA Simms, in January 2024.
Its acquisition brings a dedicated personal insolvency capability to FTS Recovery for the first time, and will further grow its national presence.
Beacon LIP Ltd has previously been led by partners and directors Matthew Fox and Cheryl Brown. Both experienced licensed insolvency practitioners, they will now be joining FTS Recovery alongside the wider team.
FTS Recovery will now offer services to customers in a number of locations across England, widening their geographic scope to include Essex, Basingstoke, Poole, Alton and Whiteley.
Marco Piacquadio, director and head of FTS Recovery, said: “We are always on the look-out for exceptional insolvency talent to bring into the FTS family, and Beacon’s record made them a great fit for us.
“We are particularly excited to welcome Matthew Fox and Cheryl Brown to our team. In addition to Matthew’s corporate book, personal insolvency is a previously untapped market for us, and their dedicated commitment to rebuilding their clients’ financial futures echoes our own values and outlook perfectly. It will also offer new growth and opportunities for our employees across the UK.”
