THERE'S a new head of the insolvency team at law firm Harrison Clark Rickerbys.

Sam Payne has joined the business based in Worcester High Street, bringing experience extending across the whole range of insolvency work, including turning around businesses in trouble.

He said: "The word insolvency may strike fear into people’s hearts, but there are so many options available to businesses who are clear-sighted enough to see that there’s trouble ahead. Restructuring is one option, along with refinancing – insolvency is not the death knell for a business; it can actually be the wake-up call that directors and owners need to rethink their approach.”

Mr Payne, who works in Worcester and Birmingham, advises insolvency practitioners, corporates, lenders and other key stakeholders on the whole gamut of insolvency work and business turnarounds. Jon Whitbread, partner and overall head of the firm's finance group, said: “We are delighted to welcome Sam to our team. His experience will be invaluable and I look forward to working with him to offer excellent business support to firms locally, regionally and nationally.”