Thursday, March 4, 2021
Finance

Simpson & Marwick acquires Glasgow-based firm

Glasgow development

Glasgow-based Alston Law is particularly known for its remortgages, debt and asset recovery services

Simpson & Marwick has acquired Glasgow-based Alston Law as part of its expansion plans across Scotland.

It will become part of the Simpson & Marwick brand, with the combined businesses having a turnover of around £5m.

The move gives Simpson & Marwick a head count of more than 70, while the absorption of the specialist firm also gives it contracts with more than 40 house builders, panel managers and lenders across the UK.

Alston Law is known for its lender services, in particular remortgages and debt and asset recovery, which will remain a distinct specialism.

This is familiar territory for Simpson & Marwick managing partner Rob Aberdein, a specialist in the recovery of debt and assets.

This is a tremendous opportunity to develop an area where we have the technology, understand regulatory compliance and where both customer service and specialist knowledge are coveted by clients, he said.

Our first job has been to meet with clients and reassure them that they will continue to see the same outstanding levels of service and expertise. Indeed, we plan to invest in enhancing the service they receive, he said.

Denise Loney, the outgoing managing director of Alston Law, who will remain as a director with Simpson & Marwick, said: Becoming part of a firm like Simpson & Marwick is the ideal way to start the next, exciting chapter for the firm and I have no doubt that everyone involved will go on to enjoy considerable success.

Alston Law’s 40-strong team provide legal services almost exclusively to companies in the financial sector.

Its specialisms include litigation to recover loans, commercial debt and assets including property. It also has experience in the asset and motor finance recovery sector.

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