GA Asset Advisors Limited launches UK operation in conjunction with Smith & Williamson
GA Asset Advisors Limited, an asset disposition and appraisal firm, is pleased to announce the opening of their UK office situated in Moorgate in the City of London. GA Asset Advisors Limited is a subsidiary of Great American Group, a leading asset disposition firm in the US who recently completed the closure of retailer Circuit City, one of the largest such projects in US history.
Working together with Smith & Williamson, a leading advisor in retail restructuring, GA Asset Advisors can bring innovative solutions to the UK retail industry. This collaboration will focus on helping retailers downsize where necessary, and maximise the recovery on closing outlets, through stock liquidation and store closures. The team will also advise generally on the retail sector covering operational and financial restructuring, distressed debt and accelerated M & A. This will be of significant benefit to both retailers and insolvency practitioners and will not be exclusive to Smith & Williamson.
Ryan Mulcunry, Managing Director of GA Asset Advisors Limited is quoted as saying, "We believe there is a significant opportunity with the collaboration with Smith & Williamson, one of the UK's major accounting firms with a strong restructuring and recovery practice, and look to offer a more attractive alternative to the current options for both solvent and insolvent companies throughout Europe. Where a retailer is looking to downsize its operations, our managed store closure programme can offer original and innovative options. In addition to maintaining our current relationships, we are excited to develop new ones."
Barry Knight, Head of Retail at Smith & Williamson added "We are excited about working with GA Asset Advisors and see significant opportunities for them in the UK marketplace. Of particular interest is the ability to use their skills in asset disposition and appraisal combined with our contacts in the stressed and distressed retail and consumer products debt markets. To date, this area has been dominated by a few players and we are now in a position to offer a viable alternative."
GA Asset Advisors Limited also offers a variety of services in the industrial, intellectual property, and real estate sectors for both valuation and disposition of a variety of asset classes. With licensed auctioneers and dealer relationships throughout Europe, we are confident we can supply the market with expertise at maximising value in complicated circumstances. Ryan Mulcunry of GA Asset Advisors will be heading up the UK office and has been managing the launch of a permanent UK office for the past year. GA continues to work closely with major asset based lenders, private equity firms, restructuring and accounting firms.
For further information:
Barry Knight, Head of Retail Advisory and Restructuring at Smith & Williamson
020 7131 8284
Ryan Mulcunry, Managing Director at GA Asset Advisors Limited
020 7131 4653
Press queries:
Kate Harrison / Jess Koslow 020 7131 4228 / 4264
Smith & Williamson Limited Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International
Note to editors
Smith & Williamson is an independent professional and financial services group employing over 1,500 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. The group operates from offices in London, Belfast, Birmingham, Bristol, Dublin, Glasgow, Guildford, Maidstone, North London, Salisbury, Southampton, and Worcester.
The restructuring and recovery team has a market-leading reputation built upon innovation and performance. Clients include leading European banks, overseas financial institutions and corporates with the asset value of assignments up to £16 billion.
