Turnaround specialist Allan Kelly has joined accountancy firm Baker Tilly as a partner in its North East practice.
Allan, who joins Baker Tilly’s restructuring and recovery team, has more than 20 years’ experience working with entrepreneurial, owner-managed and mid-market businesses across a number of sectors who are experiencing challenge or financial distress.
Kelly has extensive experience in advising both business management and stakeholders such as banks, asset based lenders and equity funders in restructuring advisory and turnaround situations.
He has also worked in an executive capacity, holding interim management roles within businesses during the turnaround phase.
In addition to being a qualified accountant, Kelly is also a member of the Institute of Turnaround, a licensed insolvency practitioner, and holds the ICAEW Corporate Finance qualification.
He is also the current chair of the North East branch of insolvency trade body R3.
He said: “In an increasingly globalised environment, businesses are needing support to deal with suppliers and creditors from across the world, so I’m delighted to be joining a firm that has both national and international reach.”
Steve Railton, office managing partner for Baker Tilly North East said: “Allan has impeccable credentials, and is held in high regard by his peers and clients across the North East, so we are delighted that he has agreed to join us at Baker Tilly.
“We already have a strong restructuring and recovery team with our partners Steve Ross and Ian Kings – adding Allan’s specialist turnaround experience will further enhance this strength and enable us to better assist businesses across the region who are facing difficulties.”
Baker Tilly’s regional presence more than doubled in size last September to encompass a Sunderland office as well as its existing Newcastle base, following the acquisition of RSM Tenon’s profitable trading operations.
Baker Tilly bought out the firm’s profitable trading operations and RSM was rebranded soon after to take on its new owner’s name, and all of the firm’s staff across the UK, including 83 at its Wearside office, retained their jobs.