The acquisition will see Quantuma take on WRI’s office in Glasgow, headed by partner Ian Wright, and its eight members of staff. The firm will operate under the Quantuma brand.

WRI is an insolvency and restructuring practice, providing independent professional advice and solutions to businesses across all industries and sectors. The team has a combined experience of over 200 years in corporate and personal insolvency.

Ian Wright, partner at Quantuma, said: “We are delighted to be joining Quantuma at such an exciting time. The merger allows us to take advantage of Quantuma’s widely regarded and rapidly growing brand, whilst providing us with access to a wider portfolio of business advisory services which includes forensic accounting and Investigations amongst other services, which means it is business as usual with additional value add for our clients and introducers.”

Founded in 2013 by Carl Jackson, Quantuma has grown to become a £25 million practice employing 250 staff. Headquartered in London, the company has a strong presence in the South of England, with locations in Southampton, Marlow, Watford, Brighton and Bristol.

This is Quantuma’s first move into Scotland and follows significant geographical expansion in the last 18 months.

In April 2019, the firm merged with Kingsland Business Recovery, which saw it take over offices in Bradford, Birmingham and Nottingham.

Quantuma also opened its first office in the North West at a site in Manchester, while expanding internationally with new offices in Cyprus and Mauritius.

Carl Jackson, managing director at Quantuma, added: “We continue to grow rapidly organically, but when the opportunity occurs to merge with a quality practice such as WRI Associates then it makes sense to talk. Developing a footprint in Scotland has been on our agenda for some time, and we have been extremely impressed by the quality of work delivered by Ian and his team.”