Harrisons (‘the Practice’) – A Brief History

• The Practice was formed in 1994 in Reading as a boutique insolvency firm specialising in larger, more complex insolvency assignments for a number of foreign owned banks.
• A truly independent, privately owned Practice, based on current statistics, ranked in the top 20 in the country in terms of volume of corporate insolvency assignments.
• A strong personal insolvency department with particular emphasis on managing the affairs of high net worth individuals and more complex bankruptcy work.
• Five licence holders and Partners whose backgrounds extend to BDO Stoy Hayward, Ernst and Young and Kingston Smith.
• In addition to the Partners, a fully qualified in–house Insolvency Solicitor and Insolvency Practitioner.
• The Practice currently operates from seven offices and two associate offices, providing genuine national coverage and the ability to service large and more complex insolvency assignments to include those of a multi-site nature.
• Existing relationships with both clearing and secondary Banks with whom we work closely to protect their interests and ensure the best return possible.
• Regionally based offices working closely with local relationship managers to identify and resolve issues at a grass roots level.

 Services

• Take appointments as office holder in respect of all formal insolvency appointments.
• Independent business/viability reviews conducted on behalf of the Bank. See (other services) section of this website for further details.
• Turnaround and monitoring solutions. See (other services) section of this website for further details.
• Refinancing division. See www.businessrecoveryadvice.co.uk
• Unique in house legal services department. See (other services) section of this website for further details.

Why Use Harrisons?

• The growth of the Practice has been very much based on forming very close relationships with our contacts/introducers of work.  We are extremely conscious to protect the Banks interests and ensure the most favourable return available. 
• Dedicated Banking Partner providing not only a personal relationship aspect to the insolvency process, but also a direct contact with full knowledge of the cases involving your customers, providing  streamlined communication and reporting procedures.
• Banking Partner supported by Partners with cumulatively in excess of 100 years of insolvency and recovery experience.
• Recognition that speed of response, powers and resolve are often essential in our working environment.
• Database of in excess of 2000 parties interested in acquiring businesses and assets that may be available for sale by us, thus enhancing the likely level of recoveries as well as providing the best possibility for survival of businesses. See Business and Assets For Sale section of this website.
• Refinancing division; businessrecoveryadvice, which provides support in formal insolvency procedures both to purchasers in finding funding solutions and also by way of referral to Banks for potential new customers.
• Alternatively businessrecoveryadvice is often used as a means of finding new homes for clients who may no longer fit the Banks lending criteria, but do not require a formal insolvency procedure. 
• Harrisons has invested significantly in IT enabling it to provide cost effective controlled case administration resulting in the best possible return to the Bank. See the (Harrisons Pledge) section of this website.
• A robust and consistent Bank reporting package that can be adapted to accommodate the Banks specific criteria and thereby provide an audit trail of the conduct of the insolvency assignment in line with the Bank’s internal reporting requirements.
• Fully qualified in-house insolvency solicitor/ legal department, (see Other Services section of this website). This provides total flexibility, speed of response, effectiveness and eliminates additional communication/ reporting lines.
• A strong and experienced back office, which enables effective case management and ensures problems are promptly identified and resolved.
  

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