KPMG, the professional services firm providing audit, tax and advisory services, has announced today that it has appointed Blair Nimmo as UK Head of Restructuring with immediate effect. Blair Nimmo succeeds Mark Firmin, who is leaving the firm.
Simon Collins, UK Chairman of KPMG, said:
“Blair Nimmo has a great reputation in the market place. Our restructuring practice is market-leading and, despite relatively benign economic conditions in the UK, is securing the most high profile projects, such as the administration of First Oil Expro Limited. Unsurprisingly, in uncertain economic conditions, restructuring businesses are attractive prospects to trade and private equity buyers and we have already seen deal activity in the sector. We have recently received an offer for our own restructuring practice but have declined this offer as the business is an integral and profitable component of our multi-disciplinary firm.
“I have great confidence in Blair Nimmo’s ability to lead the business to continuing, and greater, success.”
Blair Nimmo, UK Head of Restructuring at KPMG, added:
“KPMG has a strong reputation for delivering innovative approaches to complex restructuring problems, such as pioneering the use of company voluntary arrangements and taking the first appointment of the special administration regime introduced for insolvent financial institutions. As an integrated part of a ‘Big Four’ accountancy firm, we also benefit from the skills and knowledge of our colleagues in professional disciplines such as audit and industry sectors such as financial services.
“The UK economy has been relatively strong in recent years, with suppressed insolvency appointments as a result. However, our business has performed well, securing appointments such as Alpari last year, and is in a good position for the future.”
KPMG UK’s restructuring practice has worked on some of the most high profile current and historic restructuring cases such as MF Global, JJB, Peacock’s and Dubai World. Blair has worked on insolvency appointments such as Scottish Coal, Ferguson Shipbuilders and Dunfermline Building Society
31 partners lead a practice of approximately 550 restructuring professionals. The practice generated over £100m in revenues last year.
For further information please contact:
Katy Broomhead, Senior PR Manager, KPMG
T: +44 161 246 4623 / +44 7824 537963
Sorrelle Cooper, Head of Communications, KPMG
T: +44 20 7694 8527 / +44 7932 078218
For Scottish media queries:
Phil Addicott, Big Partnership
T: +44 141 333 9585/ +44 7824 666 956
KPMG press office: +44 20 7694 8773
Notes to editors:
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 revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 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.