Colin Haig and Samantha Bewick of KPMG were appointed administrators to Bridge Business Recovery on 1 July 2011. The partners of the business sought the advice of KPMG on discovery of significant irregularities, which subsequently led to the court appointing KPMG as administrators.
Colin Haig, joint administrator and restructuring partner at KPMG, commented:
“Unfortunately the administration has been triggered by unforeseen and very difficult circumstances. The focus for the administrators will now be on seeking a sale of the business.”
Rob Horton, partner at Bridge Business Recovery, added:
“James Bradney, partner at Bridge Business Recovery, has now left the business. The remaining partners are now working closely with the joint administrators.”
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About KPMG
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff. The UK firm recorded a turnover of £1.6 billion in the year ended September 2009. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 144 countries and have more than 137,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.
