Quantuma celebrates 45 per cent growth and senior Manchester promotion

Business advisory firm Quantuma has promoted Frank Ofonagoro to managing director as the firm celebrates 45 per cent team growth in the last year.

Ofonagoro joined Quantuma two years ago with more than 20 years’ experience – including senior managing positions at PwC and KPMG where he undertook financial and operational restructuring advisory mandates for lenders, distressed/special situation funds, SMEs, and FTSE 100s.

Established in 2013 by Carl Jackson, Quantuma has grown to offer a full range of advisory services from its 22 UK and international offices, including restructuring and insolvency, financial advisory, corporate finance, forensic accounting, and cross border services.

The firm’s impressive growth in the last 12 months has led to the creation of a 273-strong team, up from 188 in 2020.

Ofonagoro has played an instrumental role in the building the firm’s North West and financial advisory practices, delivering lead advisory and business restructuring mandates to a range of businesses.  Through his expert and experienced guidance he has provided valuable support to corporate and lender clients and continues to do so.

Ofonagoro will continue to grow Quantuma’s financial advisory practice in the North West, working alongside office head Robert Parry and restructuring managing director, Jeremy Woodside, to continue to lead the firm’s support of businesses in the region.

Quantuma has made 28 promotions in total, including Brian Burke, who takes a managing director role at its London office.

As part of its acquisitive growth journey, Quantuma has completed several lucrative deals in the last 12 months. In August 2020, Quantuma also completed a merger with AIM-listed K3 Capital Group plc, a multi-disciplinary and complementary professional services group headquartered in Bolton.

In Q1 2021, Quantuma added a new international base to its roster with the acquisition of Cayman Islands-based asset recovery business Alchemy, followed by further growth in the UK with its merger with Essex-based business management consultancy Aspect Plus. It also relocated its 40-strong Thames Valley team to Maidenhead from Marlow, following 10 per cent year-on-year team growth in the region.

Frank Ofonagoro said: “When I joined Quantuma over two years ago I believed I was joining an ambitious, progressive firm dedicated to delivering the best advisory services to clients. I am pleased to say that since joining I have not been disappointed, and the firm has lived up to all my expectations. I look forward to achieving much more over the coming years with Quantuma and the Manchester team.”

Robert Parry, managing director at Quantuma and head of the firm’s North West practice, added: “Since joining us, Frank has had a huge impact on the team – we have been able to grow from strength to strength despite the many challenges that the Covid-19 pandemic has brought. This is an exciting time to be part of the firm and the Manchester team, and I’m confident Frank will continue to play a significant part in the success of the practice and wider firm.”