Small and mid-tier businesses across the region are still facing financial difficulties and challenging markets.
KPMG’s Restructuring practice in the Midlands has today announced the launch of a dedicated SME team to provide specialist advice and support to small and mid-tier businesses across the region, which, despite a recovering economy, are still facing financial difficulties and challenging markets.
The launch of the team builds on the successful launch of KPMG’s Enterprise practice in October 2014, which saw the professional services firm expand its service offerings to the growing network of 4.9 million privately-owned businesses across the UK.
Led by director Chris Pole, the Restructuring SME team is committed to assisting companies and their stakeholders who are struggling to improve cash flows or deal with profitability issues. These situations require strong cash and stakeholder management, strategy and options appraisals and the management of radical change, all of which will be offered by the team.
Chris said: “The SME market has always been at the heart of our Restructuring practice and the decision to invest in additional resource and develop tailored offerings to those smaller, privately owned businesses is perfectly aligned to KPMG Enterprise.
“We have countless examples of already having worked with businesses in the SME space and a fantastic track record of delivering solutions and real value in what can often be the most difficult and stressful of situations. We want to extend our reach in this area of the market by combining our brand and expertise at a price that smaller businesses can afford; to offer more, but at a competitive price to the market”.
Mark Orton, Head of Restructuring for KPMG in the Midlands, added: “Enterprise is the biggest investment KPMG has made in the private capital market in the past 30 years. By extending our Restructuring focus and services to better access those companies who form the ‘S’ of ‘SME’ we can draw upon the best of our people and expertise to provide value for money advice to companies across the region.”
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Frances Shennan, KPMG Press Office
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.