Wilkin Chapman acquires corporate insolvency business

Grimsby-headquartered law firm Wilkin Chapman Solicitors has acquired a business solutions company in South Yorkshire.

Silke & Co provides corporate insolvency services from its base in Doncaster. Wilkin Chapman’s acquisition of the business significantly expands its existing capabilities in this specialist area.

Going forward, Silke & Co will be known as Wilkin Chapman Business Solutions and consist of the existing Doncaster-based team of 50, which includes three corporate insolvency specialists.

Existing director and licensed insolvency practitioner Ian Rose has been named a director of the new business.

The acquisition follows a period of significant growth for Wilkin Chapman’s recoveries team, which is led by partner Chris Grocock.

The firm took over personal insolvency practice Carrick Read four years ago. With its new Doncaster team, Wilkin Chapman now employs 130 people in this field of work, with an expected annual turnover of £7 million.

Commenting on the acquisition, Grocock said: “The acquisition of Silke & Co is the final piece of the jigsaw for our recoveries team meaning that Wilkin Chapman can offer clients corporate insolvency expertise, alongside our market leading debt recovery litigation and personal insolvency services. We have a true legal and insolvency ‘one stop shop’ that we hope will be attractive to existing and potential clients.”

Wilkin Chapman chief executive Des Mannion added: “This acquisition highlights Wilkin Chapman’s progressive and innovative approach when looking to grow as both a law firm, but also as an organisation that can successfully offer a range of complementary services.”

Pictured: Chris Grocock and Ian Rose