MCR storms into Accountancy Age Top 50

Double-digit growth sees MCR enter at number 27

Corporate restructuring and insolvency specialist MCR's continued growth has been recognised in this year's Accountancy Age Top 50+50 survey. For the first year in its 10-year history MCR has entered the Top 50 ranked at 27, having reporting a 20.7% increase in UK fees year on year.

Accountancy Age stated that of the "29 firms that managed to register any rise in turnover this year, only seven posted double-digit percentage growth on the last twelve months."

According to the industry leading publication "turnaround specialist MCR ...have entered the table at 27th" and that MCR "posted strong double-digit growth in their first appearance in the table. Others have had a much tougher time."

Over the past year MCR's business has continued to grow and develop with a core aim of providing high quality restructuring services to lenders and borrowers. This August sees MCR open its third office, in Birmingham, which will be headed by John Whitfield, a senior figure within the corporate restructuring industry within the Midlands.

The Manchester office has recently moved into new offices, to reflect their growth over the past 3 years, and the firm continues to attract the best people in the industry.

Andrew Stoneman, Managing Partner, MCR, stated: "It has been a fantastic achievement for a firm like MCR to achieve this recognition in just 10 years. I would like to thank all our staff and suppliers for the great work that they have done over the past year. Over the past six months alone we have continued to invest in high quality staff and have increased staff numbers by circa 15%. We will continue to invest not just in our people but also expand MCR into new markets which will benefit us all.

It only remains for me to thank all our clients for their continued support of MCR and to confirm that we will respond immediately, if you need our help or know of anyone that we might be able to help. As always we will do whatever it takes to gain the best outcome for our clients"

About MCR
MCR was formed in April 2001 to offer turnaround, restructuring and insolvency services of outstanding quality to banks, lenders, business owners and individuals in the mid-market sector. It aims to provide the most practicable ways to resolve issues affecting business performance.

The firm has 12 partners who practice an ethos of high-level involvement to ensure that each assignment capitalises upon the expertise and knowledge of the whole team.

MCR regularly handles significant projects across a range of sectors and has been involved in a number of high profile cases. MCR is increasingly being asked to restructure businesses and find turnaround solutions to help companies avoid formal insolvency. Sectors include property, retail, financial services, manufacturing, printing, recruitment, hotels, leisure, automotive, telecommunications, music, entertainment and construction.

For more information, www.mcr.uk.com.

For further information, please contact

Richard Merrin
Spreckley Partners Limited

T: 0207 388 9988
E: merrin@spreckley.co.uk