Johnston Carmichael expands restructuring team

Johnston Carmichael has announced a “significant” expansion of its restructuring team with the appointment of seven trainee accountants.

The trainees are based across Scotland and were recruited as part of plans to find the next generation of insolvency practitioners as senior practitioners gradually retire across the industry.

Other steps taken by the business includes an investment in Graeme Bain, a central belt based director and licensed insolvency practitioner, who will be the company’s restructuring director.

Donald McNaught, partner and head of restructuring at Johnston Carmichael, said: “I’m very proud of the depth and breadth of expertise we have developed over the years as part of our own practice and joining the Moore network will only add to that.

“We’ve been building the Johnston Carmichael team for some time now, in recognition of the need to develop the next generation.”

He added: “We are at a crossroads in our market just now with the expectation that insolvency levels will rise as businesses navigate an exit following the pandemic, energy costs rise and the cost-of-living crisis bites. Getting appropriate advice from a regulated, professional advisor can make all the difference as to whether a business survives or fails.”