Tuesday August 2, 2022

New Director to lead Restructuring Advisory team in Norwich

We’re pleased to have launched a new Restructuring Advisory team to support businesses in the East of England, following the appointment of Richard Bloomfield as an appointment-taking Director in our Norwich office.

Our Norwich office, which opened following the acquisition of JDC Group in 2020, currently specialises in providing clients with Corporate Finance and Forensic Services support. Richard has been appointed as a Director within our national Restructuring Advisory practice, which has advised on some of the UK’s most high-profile administrations in recent years, including that of Debenhams, Carluccio’s and Edinburgh Woollen Mill.

Richard joins our 26-strong team in Norwich from insolvency training business NTI, where he has spent the best part of the last decade developing future insolvency practitioners. Prior to NTI he spent 10 years with a local boutique accountancy and advisory firm supporting business recovery in the region.

Richard Bloomfield, Restructuring Advisory Director at FRP in Norwich, said: “While the economic effects of COVID-19 have created opportunities for some businesses to thrive, they have also impacted the prospects of many across East Anglia. With business owners and management teams now contending with the challenges of inflation and servicing emergency debt from the pandemic, it’s a critical time for preserving jobs and recovering value in the region. FRP’s restructuring team has an enviable reputation for putting businesses back on the path to growth, so it’s a privilege to help it increase its presence locally and add to its already outstanding specialisms in Norwich.”

Jeremy French, Chief Operating Officer at FRP, added: “Our Norwich team has played an instrumental role in our growth over the past two years, and this latest development brings it in-line with the full service offering we provide to our clients across the UK. Richard’s technical expertise and relationship with local referrers and insolvency practitioners make him the ideal person to develop our restructuring team in East Anglia, which we look forward to helping him do at pace.”