FRP Advisory, the firm responsible for breaking up collapsed retailer BHS, today launched its own Northern Powerhouse of independent restructuring advisers.
The firm has merged its north of England practice with Yorkshire-based firm BWC. FRP has a considerable presence in Manchester and Preston and the merger bolsters its Yorkshire operations.
FRP was brought in at the request of the Pension Protection Fund to share the workload in the BHS administration due to concerns that Duff & Phelps, previously the only administrator involved, was not independent enough.
The firm is in the process of selling off what remains of BHS, raising money for outstanding creditors.
Three of BWC's founders, Gary Blackburn, Paul Whitwam and David Willis, are to join FRP as partners, bringing more than 90 years of restructuring and insolvency experience.
FRP managing partner Jeremy French said: "The team’s joining FRP Advisory provides added impetus to staff at all levels."