Parker Andrews

What Parker Andrews does

Parker Andrews is an award-winning UK insolvency and business recovery practice headquartered in Norwich, regulated by the Institute of Chartered Accountants in England and Wales (ICAEW) and the Insolvency Practitioners Association (IPA). The firm delivers three service lines: Corporate Insolvency (Administration, Company Voluntary Arrangements, Creditors Voluntary Liquidation, Members Voluntary Liquidation, and Complex Cases); Personal Insolvency (Individual Voluntary Arrangements); and Advisory Services (Creditor Advisory, Director Advisory, Turnaround & Growth, and Exit Strategies). Its workforce comprises five Licensed Insolvency Practitioners — Grace Jones, David Perkins, Rishi Karia, Lisa Thomas and Karyn Jones — supported by an Insolvency Manager (Andy Barron), with the firm stating 20 Expert Advisors and 100+ years of combined experience.

The business model is professional services on a pay-as-you-go basis. The firm publishes hourly charge-out rates (with effect from 1 March 2024) and offers free initial consultations plus a free 60-second online Business Health Check as a funnel entry point; ongoing engagements are billed as time-and-material work tied to insolvency cases. Go-to-market is sales-led and multi-channel, combining SEO and content marketing, paid search (Google/Microsoft/Bing), LinkedIn and Facebook organic and paid activity, PR, regional networking events (e.g. Ladies Lunch Plymouth), and direct outreach via nine UK office locations and freephone lines. Named clients are predominantly SMBs across manufacturing, retail, food service, printing and healthcare, with occasional higher-profile cases such as the Morecambe FC transaction. Customer concentration is therefore dispersed and tied to the cyclical UK insolvency pool.

Operationally, Parker Andrews Limited is a privately held UK private limited company; it has no external investors, no parent entity, and no subsidiaries. Reported scale metrics include 50,000+ businesses helped, 1,000+ cases solved, and recognition as Corporate Recovery Small Firm of the Year (2011). The firm has been shortlisted across multiple Insolvency & Rescue Awards categories and relaunched with a new visual identity in 2024, with no public M&A, fundraise or listing activity disclosed.

Name

Parker Andrews

Legal name

Parker Andrews Limited

Website

https://parkerandrews.co.uk

Company type

Private

Founded year

1924

Operating status

Operating

Headcount range

1–10 employees

Short description

Parker Andrews is a UK-licensed insolvency and business recovery firm that delivers corporate insolvency, personal insolvency (IVA), and turnaround advisory services to distressed companies, directors and individuals via five ICAEW/IPA-authorised practitioners across nine UK offices.

Ownership category

akta.pro rank

Product category

Insolvency and Business Recovery Services

NAICS

Trust, Fiduciary, and Custody Activities (523991)

akta.pro primary industry

Insolvency & Turnaround Advisory (SME/Mid-Market Debtor-Side) (FSAEAFAK)

akta.pro secondary industry

Insolvency, Restructuring & Bankruptcy Administration (BPAHABAL)

Keywords

• Insolvency practitioner services
• Corporate insolvency advisory
• Business recovery services
• Personal insolvency IVA
• Turnaround and restructuring

Headquarters

HQ city

Norwich

HQ country

United Kingdom

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others, Infrastructure

Revenue model

1. Insolvency Practitioner Services: Professional fees charged for insolvency practitioner services including corporate insolvency procedures (administration, CVL, MVL, CVA), personal insolvency (IVA), and advisory services. Revenue is generated through professional service fees tied to insolvency cases, typically calculated based on time and complexity of each engagement.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Parker Andrews is an award-winning UK insolvency and business recovery firm providing Licensed Insolvency Practitioner-led services. Its core offering encompasses corporate insolvency procedures (Administration, Company Voluntary Arrangement, Creditors Voluntary Liquidation, Members Voluntary Liquidation, and Complex Cases), personal insolvency (Individual Voluntary Arrangements), and advisory services for creditors, directors, and businesses seeking turnaround, growth, or exit strategies.

Product overview

Parker Andrews is an award-winning insolvency and business recovery firm offering a unified portfolio of professional services. The core offering encompasses Corporate Insolvency (Administration, CVA, CVL, MVL, Complex Cases), Personal Insolvency (IVA), and Advisory Services (Creditor Advisory, Director Advisory, Turnaround & Growth, Exit Strategies). Supporting these are digital tools including a free Business Health Check and a Creditor Report Portal, along with educational resources and case studies. The firm operates across multiple UK locations with Licensed Insolvency Practitioners authorized by ICAEW.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Insolvency Services Formal corporate insolvency procedures for limited companies in financial distress, encompassing Administration, Company Voluntary Arrangement (CVA), Creditors Voluntary Liquidation (CVL), Members Voluntary Liquidation (MVL), and Complex Cases management. Delivered by Licensed Insolvency Practitioners for company directors, shareholders, and creditors.
• Personal Insolvency Services Individual Voluntary Arrangement (IVA) services for individuals facing personal debt and insolvency, providing a formal structured solution for personal financial difficulty.
• Advisory Services Non-statutory advisory offerings including Creditor Advisory, Director Advisory, Turnaround & Growth, and Exit Strategies. Supports businesses and directors through financial challenges and restructuring decisions.

Quantifiable outcome

• 50,000+ businesses helped
• +3 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core.

• Institute of Chartered Accountants in England and Wales (ICAEW)coreStrategic or Co-development PartnerParker Andrews' Licensed Insolvency Practitioners are authorised and regulated by ICAEW. The practitioners are bound by ICAEW rules including those relating specifically to insolvency. The firm is listed as a licensing body for their insolvency practitioners.
• Association of Business Recovery Professionals (ABRP)coreStrategic or Co-development PartnerProfessional association membership indicating industry standing and adherence to professional standards in business recovery.
• Insolvency Practitioners Association (IPA)coreStrategic or Co-development PartnerProfessional regulatory body for insolvency practitioners. Parker Andrews is authorised and regulated by the IPA.
• R3 (Association of Business Recovery Professionals)coreStrategic or Co-development PartnerParker Andrews references R3 resources including IVA Standard Conditions and Creditors Guides. R3 is the trade body for the insolvency and restructuring profession.
• The Insolvency ServicecoreStrategic or Co-development PartnerGovernment agency that regulates insolvency practitioners and administers insolvency processes. Parker Andrews works with the Insolvency Service for complaints handling and statutory insolvency procedures.
• Companies HousecoreStrategic or Co-development PartnerGovernment body for company registration and dissolution. Parker Andrews files necessary documents and works within the Companies House regulatory framework for liquidations.
• HMRCcoreStrategic or Co-development PartnerTax authority involved in insolvency proceedings. Parker Andrews seeks tax clearance from HMRC in MVL cases and deals with HMRC as a creditor in insolvency proceedings.
• Omnyy / Accelerant Insurance Europe SAcoreOthersProfessional indemnity insurance provider for Parker Andrews, providing worldwide coverage excluding USA and Canada.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Leonard Curtis: UK-wide insolvency, restructuring, and advisory firm with multiple regional offices. Comparable service portfolio (corporate insolvency, personal insolvency, turnaround, exit strategies) and similar mid-market positioning to Parker Andrews.
• FRP Advisory: LSE-listed UK restructuring advisory firm providing corporate recovery, restructuring, insolvency, and forensic accounting services. Direct competitor for mid-market insolvency mandates and creditor/director advisory work; broader service mix than Parker Andrews.
• Kreston Reeves: UK chartered accountancy and advisory firm offering corporate recovery, insolvency, and turnaround services to SMEs and mid-market clients. Comparable advisory-plus-insolvency model with similar South-East England regional presence.
• Real Business Rescue: UK insolvency and business rescue firm focused on SMEs facing financial distress. Comparable target customer (SME directors) and overlapping service lines (administration, CVL, CVA), competing directly for the same client segment.
• Quantuma (now part of K3 Capital Group): UK restructuring, insolvency, and advisory firm acquired by K3 Capital Group, offering comparable corporate insolvency and advisory services. Similar mid-market focus and a relevant comparable for any future M&A or external capital event.
• Begbies Traynor Group: LSE-listed UK insolvency practitioner and business recovery firm offering corporate insolvency, personal insolvency, and advisory services. Closest UK-wide scale peer to Parker Andrews, with comparable service lines (CVL, MVL, Administration, IVA) but materially larger headcount and national footprint.
• Moorfields Advisory: UK insolvency, restructuring, and forensic accounting firm focused on mid-market distressed businesses and lenders. Comparable service offering and target customer profile to Parker Andrews.

Broad incumbents

• RSM UK: Mid-tier UK accounting and advisory firm with a dedicated restructuring practice. Operates a broader portfolio than Parker Andrews but overlaps directly on corporate insolvency and turnaround mandates.
• BDO UK: Top-5 UK accounting network with a substantial business restructuring and insolvency practice. Competes for mid-market and larger insolvency mandates where Parker Andrews is often too small to compete on case size.
• MHA (MacIntyre Hudson): UK top-15 accountancy and advisory network offering insolvency and restructuring as part of a wider audit, tax, and consulting practice. Larger and more diversified than Parker Andrews but competes for the same SME/mid-market insolvency mandates.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/parker-andrews
• Instagraminstagram.com/parkerandrewsuk
• Xx.com/parker_andrews
• Facebookfacebook.com/parkerandrewsip

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parker Andrews