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12:21 PM 1st May 2024
business

AAB’s Restructuring & Recovery Team Grows

 
AAB, the tech-enabled business critical services group, has announced a significant appointment to its Restructuring & Recovery team. Glasgow-based Phil Dunn has joined AAB as Restructuring & Recovery Director, bringing over 20 years restructuring experience within three of the big 4 accounting firms.

With Phil’s appointment, the Restructuring & Recovery department now comprises 28 professionals across Scotland, England, Northern Ireland and Ireland, and Phil is the fourth director in the team, joining Judith Howson, David McGinness, and Duncan Raggett. Judith recently gained her Insolvency Practitioners Licence with the Institute of Chartered Accountants of Scotland (ICAS) and has 28 years’ experience in insolvency. She is also a Chartered Certified Accountant.

The AAB Restructuring and Recovery team includes team members based across the island of Ireland, with Gary Digney and Seamas Keating leading the Irish team, who have been shortlisted as finalists at the Irish Accountancy Awards 2024.

The growth of the Restructuring and Recovery team within AAB’s Corporate Finance division follows a steep increase in demand for support from businesses facing financial challenges. Recent statistics published by R3 show that corporate insolvency numbers in Scotland for Q3 2023-2024 increased by 7.4% compared with Q3 2022-2023.