Leonard Curtis

Leonard Curtis is one of the largest independent firms in the UK specialising in corporate recovery, insolvency and business restructuring.

Leonard Curtis
TypePartnership
IndustryAccountancy
HeadquartersManchester, UK
ProductsInsolvency, corporate recovery, restructuring
Revenue£14 million (2011)[1]
£4.6 million (2011)
Number of employees
> 100
Websiteleonardcurtis.co.uk

It is a national practice with 32 directors and more than 200 staff based at offices in Manchester, Bury, Liverpool, Preston, Leeds, Sunderland, Darlington, Glasgow, Barlborough, Birmingham, Wolverhampton, Worcester, London, Bristol, Cardiff, Kings Langley and Southampton.

History

The firm was founded by Leonard Curtis, who retired in 1983.[2]

In 1997 the firm considered and rejected a merger with Levy Gee, a general accountancy firm that went on to form Numerica. Leonard Curtis partners stated that they preferred to remain a specialist firm.[3]

In 1998, two offices in Manchester and Liverpool with 30 staff left the firm for BDO Stoy Hayward.[2]

Later in 1998, Leonard Curtis formed a joint venture, Fisher Curtis, with the insolvency arm of H. W. Fisher.[4] The arrangement lasted only two years before the firms separated again.[5]

Awards

Leonard Curtis won the mid-sized firm prize as Corporate Recovery Firm of the Year at the inaugural Insolvency and Rescue Awards 2008, run by Credit Today magazine.[6]

The firm was awarded Business Recovery Specialist of the Year at the 2010 Business Moneyfacts Awards. The judging panel said: "By providing companies with positive strategic advice, Leonard Curtis has enabled many of them to retain control of their business. The Corporate Strategies team continues to focus on the critical issues, providing clear recommendations together with restructuring and refinancing services to both growing and underperforming businesses."[7]

Controversy

"The Liquidation Game", a 1996 edition of Channel 4's investigative documentary Dispatches, made allegations of sharp practice in the insolvency profession. Keith Goodman, then a partner in Leonard Curtis (later both Senior Partner of the firm and President of the IPA),[8] claimed that a case of his was presented in a biased way, and sought an apology. However, the Broadcasting Complaints Commission rejected his complaint, saying that his case was sufficiently well set apart from other more serious allegations in the programme.[9][10]

References
  1. Reed, Kevin (12 July 2011). "Leonard Curtis lines up more growth after strong 2010". Accountancy Age. Retrieved 13 July 2011.
  2. People & Business, The Independent, 3 March 1998
  3. Levy Gee and Leonard Curtis scrap merger, Accountancy Age, 27 Aug 1997
  4. News in brief, Accountancy Age, 27 Oct 1998
  5. Curtis split from Fisher, Accountancy Age, 30 Jun 2000
  6. LC wins Corporate Recovery Firm of the Year, 31 October 2008 (on official website)
  7. Leonard Curtis named National Business Recovery Specialist of the Year Archived 6 July 2011 at the Wayback Machine, Business Credit Management UK, 29 Mar 2010
  8. IPA appoints new president, Accountancy Age, 15 May 2001
  9. Climax of practitioner's case against Dispatches, Accountancy Age, 6 Feb 1997
  10. Goodman loses C4 fight, Accountancy Age, 8 Aug 1997

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