FTS Recovery acquires Beacon LIP Ltd

FTS Recovery today announced the strategic acquisition of licensed insolvency firm, Beacon LIP Ltd, in a significant expansion of their UK service offering.

Beacon LIP is one of the south coast’s leading providers of corporate and personal insolvency solutions. Its acquisition brings a dedicated personal insolvency capability to FTS Recovery for the first time, and will further grow its national presence.

This is the latest move in an ambitious expansion project by the respected insolvency firm, which has already made it one of the UK’s fastest growing practices.

Beacon LIP Ltd has previously been led by partners and directors Matthew Fox and Cheryl Brown. Both experienced licensed insolvency practitioners, they will now be joining FTS Recovery alongside the wider team.

Speaking of the company’s growth strategy, Marco Piacquadio, Director and Head of FTS Recovery, said: “We are always on the look-out for exceptional insolvency talent to bring into the FTS family, and Beacon’s record made them a great fit for us.

“We are particularly excited to welcome Matthew Fox and Cheryl Brown to our team. In addition to Matthew’s corporate book, personal insolvency is a previously untapped market for us, and their dedicated commitment to rebuilding their clients’ financial futures echoes our own values and outlook perfectly. It will also offer new growth and opportunities for our employees across the UK.”

Cheryl Brown is a personal insolvency specialist with over 25 years’ experience working for the Insolvency Service and in private practice. She said of the move: “This is an exciting opportunity for me and my team to bring our specialist expertise to this established national firm.

‘I look forward to helping clients across the UK to navigate the financial hurdles towards a more prosperous future.”

Matthew Fox, a 30-year veteran of corporate insolvency and restructuring services, said: “FTS Recovery has a proven track record in the corporate restructuring market which I greatly respect. I look forward to merging our areas of expertise and capabilities into a stronger force that is best placed to serve all our client’s needs.”

This is FTS Recovery’s second acquisition within the year. It follows the acquisition of business rescue and insolvency practitioners, FA Simms, in January 2024.

FTS Recovery will now offer services to customers in a number of locations across England, widening their geographic scope to include Essex, Basingstoke, Poole, Alton and Whiteley.