What's Happening?
Opus Business Advisory Group has announced the appointment of Heather Bamforth as a director, aiming to bolster its advisory and turnaround services. With over 20 years of experience, Bamforth is expected
to bring significant expertise in supporting businesses through challenging periods. Her role will involve working closely with partner Frank Ofonagoro to provide proactive advisory support to owner-managed and mid-market businesses in Manchester and across the UK. Bamforth's career includes roles at Big Four and regional accountancy firms, with a focus on administrations, CVAs, and advisory-led turnaround work. Her previous position was at KPMG, where she contributed to the firm's restructuring and turnaround capabilities.
Why It's Important?
The appointment of Heather Bamforth is significant as it underscores Opus Business Advisory Group's commitment to providing early intervention and proactive advice to businesses. This approach is crucial in helping companies navigate uncertainty and stabilize value before issues become critical. Bamforth's extensive experience and network are expected to enhance the firm's ability to support businesses in various industries, potentially leading to more successful turnarounds and sustained growth. This move also reflects a broader trend in the advisory sector towards proactive, advisory-led support rather than reactive insolvency measures.
What's Next?
Heather Bamforth will continue to serve as Chair of the North West Committee for the Institute for Turnaround (IFT), which may further strengthen Opus's influence within the UK's advisory and restructuring community. The firm is also expanding its global reach as a member of GGI, a worldwide association of professionals. This expansion could lead to increased opportunities for Opus to support companies on a global scale, potentially enhancing its reputation and client base.
