Smith Cooper Director gains licence to act as Insolvency Practitioner

The Business Recovery and Insolvency division of Midlands Accountants and Business Advisors, Smith Cooper, are delighted to announce that Director, Michael Roome, has obtained his Insolvency Practitioner licence.

Michael, based in the firms Nottingham Lace Market office, has over 20 years of experience within the Insolvency profession. He deals with both corporate and personal insolvency matters, including liquidations, administrations and bankruptcies across a range of sectors and circumstances.

Having passed his final JIEB Insolvency examination in March 2017, Michael is now authorised to act as a practitioner by the ICAEW and will be taking appointments with immediate effect.

Insolvency is one of the most highly regulated professions, and there are less than 1800 regulated Insolvency Practitioners in the UK. This demonstrates not only the expertise necessary to gain a licence, but the commitment and dedication required.

On his achievement, Partner Dean Nelson, Head of Business Recovery and Insolvency at Smith Cooper, comments “Michael frequently works on high profile cases, striving to achieve the best outcome possible for individuals and business in distress. In the 8 years since he joined Smith Cooper, he has achieved substantial success within the field and achieved fantastic results for our clients.”

“Insolvency is a complex environment– it affects people’s livelihoods, their prospects and requires a particular set of skills to balance the anxieties and concerns of creditors and debtors, whilst trying to rescue a business or an individual in financial distress. Michael is an outstanding professional and is fully deserving of his achievement.”

Michael Roome adds “I am delighted to have attained my licence to act as an Insolvency Practitioner and to be joining a field of highly acclaimed professionals. Business recovery and insolvency is a continuously challenging arena, not only to work in, but to gain the necessary qualifications, and I am thrilled, it has all been worthwhile.”

“The team here at Smith Cooper are dedicated to helping businesses succeed, and we fully understand that financial pressures present themselves in many ways, always putting our clients first, whilst dealing with the sensitivity of the situation.”

Smith Cooper’s BR&I division offer a holistic range of services and are able to provide candid, proactive and commercially viable advice when you need it the most. The fundamental belief is that prevention is better than cure when it comes to distress signs, and that professional advice should be sought early, to achieve the best outcome possible.