On 2 April 2012

WORRELLS SOLVENCY & FORENSIC ACCOUNTANTS JOINS FORCES WITH RAMSAY CLOUT.

Worrells Solvency & Forensic Accountants (Worrells) and Ramsay Clout Insolvency and Forensic Accountants (Ramsay Clout) have today announced the merging of their respective firms to form the largest insolvency practice on the Sunshine Coast.

The office will be headed up by Paul Nogueira and John Cunningham and operate from new premises in Maroochydore from April 2012. The Noosa and Maroochydore premises will trade under the Worrells name.

“The merger of the two firms will combine 31 years of local insolvency experience. Both John and I are committed to servicing the Sunshine Coast and Regional Queensland communities and Worrells will be able to provide enhanced insolvency and forensic accounting services given the combined local and national resources of the firm” said Paul Nogueira.

The merger of the two firms on the Sunshine Coast will bring the Worrells practice to 16 partners and over 100 staff nationally.

“In the past we’ve considered other mergers but none of them was the right fit. Worrells’ culture and service innovation is the right direction for Ramsay Clout. In a nutshell it was the right move at the right time with the right people” said John Cunningham.

Ivor Worrell, Coordinating Partner of Worrells, said, “We are delighted to welcome John and the Ramsay Clout team to Worrells. From the beginning of our discussions it was clear that the merger was consistent with our focus for both our staff and our clients. The merger will significantly enhance our ability to achieve our shared growth aspirations to create a stronger and more distinctive offering”.

The transaction will take effect from 1 April 2012.

Worrells is a strong contender in the solvency and financial investigation market, ranking at 35 in 2011, within the BRW Top 100 Accounting Firms. Worrells local offices provide a personalised and transparent service, and with now 16 partners and over 100 staff across QLD, NSW, ACT and VIC, it draws upon broader resources and technical expertise.

-ENDS-

CONTACTS: Interviews available with:

Paul Nogueira, Partner

paul.nogueira@worrells.net.au

07 5459 1002

 

John Cunningham, Partner

john.cunningham@worrells.net.au

07 5459 1001

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