After its most successful year to date in 2012 Wigan based Focus Insolvency Group are pleased to announce the acquisition of Phil Stone Consultancy.

Phil Stone Consultancy, which offers a nationwide service from its base in Newhaven, East Sussex will officially join the Focus Insolvency Group family on 21 January 2013 offering restructuring advice and solutions for businesses in financial distress.

The purchase of Phil Stone Consultancy means that Focus Insolvency Group can now offer a greater range of services to its clients than ever before as Managing Director Anthony Fisher explains:

“We are already well placed to offer advice, guidance and solutions on debt and money issues. However, sometimes a business may unintentionally suffer at the hands of its directors or others as they might have very little skill or experience in running a business. They are good at their trade, but know very little about finding good deals, negotiating settlements, marketing or book-keeping and staying on top of the administration. They are generally left to their own devices and even if their debts are managed into an affordable payment plan, the problem of bad management skills remains. The problems are then destined to be repeated and therefore need to be addressed from the outset for the future success of the business.”

The unique formula that Phil Stone Consultancy will bring ensures businesses who take these services up will benefit from increased revenues, decreased expenses and improved efficiencies within the business whilst Focus Insolvency Group will sort out the formal restructuring of the debts. Working with businesses in this way will give them every chance of success and will help to identify any further problems at an early stage.”

Phil Stone, who has built the business up over many decades has established trusted relationships with numerous accountants, financial advisors and the Citizens Advice Bureau, will stay on as Marketing Director. He commented:

“The synergy between our two firms was obvious from first contact. We all want to sort out businesses in trouble. Working together with Focus Insolvency Group is the best way to offer a complete service to struggling businesses. Being part of a well-respected Group will make it possible for more professional advisors around the country to introduce struggling clients to our full range of services.

Phil Stone consultancy will provide open days nationwide in convenient locations enabling businesses access to the face to face advice they need to get their business back on track.