What's Happening?
Azets, a business advisory and accounting firm, has appointed Vicky Fisher as an assistant manager in its debt advisory team, operating from the Cardiff office. Fisher brings over two decades of experience, having previously worked for Lloyds Bank for 22 years. She will collaborate with Martyn Freeman, a debt advisory director based in Gloucester, to support businesses in the UK. Azets, established in 2016 and headquartered in London, has rapidly expanded to over 165 offices globally, serving 120,000 clients. The firm is backed by UK private equity investor Hg. Fisher's role will involve advising businesses on funding options to reduce debt servicing costs and support capital expenditure plans amid inflation and increased employer taxes.
Why It's Important?
The
appointment of Vicky Fisher is significant as it highlights Azets' commitment to expanding its debt advisory services in the UK, particularly in the western and central regions. This move is crucial for small and medium-sized enterprises (SMEs) that require external finance to manage growth, asset finance, cash flow issues, and restructuring. With SME borrowing in the UK estimated at around £62 billion, Fisher's expertise will be vital in helping businesses navigate financial challenges and explore cost-effective funding solutions. The expansion of Azets' debt advisory team reflects the growing demand for financial advisory services in the current economic climate.
What's Next?
Azets plans to continue expanding its debt advisory team, with further hires anticipated in Scotland and the South of the UK. This strategic growth aims to meet the increasing commercial demand for financial advisory services. As Fisher begins her role, she will focus on assisting SME owners and managers with various financial aspects, potentially leading to enhanced business value and opportunities for clients. The firm's ongoing expansion efforts indicate a proactive approach to addressing the financial needs of businesses across different regions.
