OXFORD: Accountancy firm James Cowper has formed a new dedicated insolvency practice in response to the fall-out from the recession.

The ten-strong team is led by partner Sue Staunton, a licensed insolvency practitioner who spent ten years working in insolvency for Grant Thornton. She is also joined by Peter Hall and Sandra Mundy, both former colleagues at Grant Thornton and Peter Whalley, formerly of PricewaterhouseCoopers. They will be supported by a team of professionals.

Ms Staunton said: “The current economic climate has seen an enormous increase in demand for business restructuring and insolvency services.

“Our focus is to assist in the recovery or rescue of struggling businesses, but we recognise that is not always possible. When a business has failed James Cowper Insolvency Services can assist in choosing the right insolvency procedures to minimise losses to creditors and exposure on the part of directors.”