MoneyThing administrator moves to RSM
The restructuring specialist who had worked on the MoneyThing administration has left Moorfields Advisory to join RSM as a partner.
Tom Straw left Moorfields in August, where he was responsible for managing the advisory and restructuring team, according to business networking site LinkedIn.
Straw, who had been with Moorfields since 2013, has more than 15 years’ experience advising businesses.
He has expertise in debt advisory, M&A, financial advisory as well as restructuring. Previously, Straw has worked on the restructure of toy wholesaler Tobar Group and the wind-down of the UK operations of retailers Toys R Us and Blockbuster.
Read more: MoneyThing administration fees near £900,000
Announcing his appointment on LinkedIn, Straw wrote: “I am pleased to share that I have started a new position as partner at RSM. I look forward to catching up with contacts and colleagues over the coming months and supporting RSM’s already fantastic advisory and restructuring proposition.”
MoneyThing Capital, the peer-to-peer lending platform, and MoneyThing (Security Trustee), which acted as the platform’s security trustee on behalf of the P2P investors, entered into administration in December 2020 after the platform revealed it was unable to defend itself against future ligation from a borrower.
Straw was appointed alongside Moorfields colleague Milan Vuceljic as joint administrators. He has now been removed from the MoneyThing administration following his move to RSM, according to documents filed with Companies House.
Read more: Additional administrator works on MoneyThing wind-down
Read more: MoneyThing administrator awaits court date while fees increase