Turnaround and restructuring expert Tim Sloggett has been appointed as the new South West and Wales chair of insolvency and restructuring trade body R3.
Tim, pictured, who is managing director in the financial advisory team at independent advisory firm Quantuma’s Bristol office, will work with R3 to plan and deliver events and conferences for its members in the region and support the representation work it carries out on the profession’s behalf.
He takes over from Charlotte May, associate director for the South West and Wales the Bristol office of Manolete, the leading insolvency litigation finance company.
Charlotte, pictured below, has been in the role for just over two years.
Tim, who has more than 20 years’ expertise in restructuring businesses, said he was delighted to take the reins.
“R3 has been a tremendous source of support, training and networking opportunities for me over the years, and I want to ensure these same opportunities continue to be available to insolvency and restructuring professionals across the South West and Wales,” he added.
“The previous chairs have done fantastic work creating a strong network for professionals at every stage of their careers.
“I aim to build upon this, ensuring R3 remains a cornerstone for anyone working in insolvency and restructuring in the South West and Wales.”
Tim, who helps underperforming and distressed corporates and their stakeholders deliver turnaround, rescue and restructuring solutions, said he was passionate about helping businesses to avoid closure having experienced the impact of a family business failing when he was a child.
“The restructuring profession does a huge amount of great work helping businesses,” he added.
“As the work we do that avoids insolvency is confidential, people don’t see this side of what we do and only see the reported insolvencies in the media.
“Early engagement with professionals is vital to avoiding closure and I want to ensure that directors in the South West and Wales are as well-informed as possible about the help that is available.
“I also want to ensure that the profession continues to attract and develop talent, so that businesses will continue to have access to high-quality support and solutions in the future.”
Tim joined Quantuma just over two years ago from accountancy firm Smith & Williamson (now Evelyn Partners), where he spent 19 months as a partner.
Prior to that he was a corporate business support director at Barclays Bank for five years and has also worked at Big Four accountancy firm Deloitte as an assistant director of restructuring services.
