MCR is a corporate restructuring and turnaround firm. MCR was formed in April 2001 to offer turnaround, restructuring and insolvency services of outstanding quality to banks, lenders, business owners and individuals in the mid-market sector. It aims to provide the most practicable ways to resolve issues affecting business performance.
The firm has ten partners who practise an ethos of high-level involvement to ensure that each assignment capitalises upon the expertise and knowledge of the whole team.
MCR regularly handles significant projects across a range of sectors and has been involved in a number of high profile cases. MCR is increasingly being asked to restructure businesses and find turnaround solutions to help companies avoid formal insolvency. Sectors include manufacturing, printing, recruitment, hotels, leisure, the internet, e-commerce, automotive, telecommunications, music, entertainment, construction and travel.
MCR has national coverage and is based in Central London, Manchester and Portsmouth, and has access to wider accounting and auditing services from the MCR Group. In 2005, MCR introduced a new receivables management service – MCR Receivables Management Limited– to provide a full range of risk and receivables management services for banks, asset based lenders and business owners, to help them manage, maintain and improve their cash flow. MCR Receivables Management has opened an office in Portsmouth, where a significant number of the firm’s collections team is now based.
MCR Finance Brokers was launched in 2006 as a real alternative to provide businesses with dedicated independent advice to help them source the best and most appropriate asset based lending facilities.
In October 2007, MCR opened its Manchester office, headed up by David Whitehouse and Phil Duffy, which has given our clients a local office, and a wealth of experience.