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A professional services group has opened its second Channel Islands office in St Helier following changes to Jersey’s insolvency legislation.
Leonard Curtis Group, which has 280 employees across 28 regional offices across the UK and Channel Islands, first entered the Guernsey market five years ago under the direction of offshore corporate advisory and restructuring specialist Matthew Wright.
After a lengthy consultation period, Jersey's legislature passed an amendment to the Companies Law 1991 which has introduced a new insolvency remedy for creditors of Jersey companies with effect from 1 March 2022.
This opened the door for Leonard Curtis – a specialist in insolvency, funding, and legal services for SMEs, larger corporates, and their advisers – to replicate in St Helier its Guernsey business model, providing creditor-led restructuring protections for stakeholders.
Director of Leonard Curtis Group Matthew Wright said: "We received a very warm welcome from the Guernsey business community in 2019 and we have since established ourselves with a proven track record of protecting offshore assets and rescuing distressed businesses and funds.
"This is a similar well-timed move into Jersey and a natural progression for us."
The Jersey operation will be headed up by Aidan Tucker, who has more than 20 years' experience in financial services, specialising in advisory, corporate solvent and insolvent restructuring as well as valuation, due diligence and deals work.
He will fully align the business with other corporate service providers who have offices in the two jurisdictions and equally senior talent.
Pictured: Aidan Tucker and Matthew Wright.
Group CEO at Leonard Curtis Dan Booth said: "Jersey provides us with an excellent and timely opportunity to provide local specialist services to a new marketplace and will cement our reputation as committed service providers in the Channel Islands and further into the offshore world.
"We're delighted to welcome Aidan, who is such a high calibre addition to our team. He brings with him a wealth of restructuring experience and will be responsible for growth in Jersey, working closely with Matthew.
"We intend to play a full part in the business and wider community in Jersey, training and developing graduate talent to live and work locally across both islands, supporting good causes and building strong connections to best serve all our referring advisers and their clients who need our services."
Pictured top: Aidan Tucker, Alex Cadwallader, Dan Booth, and Matthew Wright.
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