Belfast Telegraph

Accountancy firm advising Nama expands its operation

By Margaret Canning

A CO Tyrone accountancy firm which is among those appointed to advise Nama on its Northern Ireland operations has opened a new office in Belfast.

Cavanagh Kelly, which is based in Dungannon, employs 65 staff in corporate finance, management consultancy, tax, insolvency, forensic accounting, public sector advisory work and traditional accountancy.

Now its growing Belfast client base has led to it opening a new office in the Scottish Provident Building on the corner of Donegall Square.

Partner Sean Cavanagh, who co-founded the practice when he merged his firm with that of Des Kelly in 2003, said: "We have been providing services to a significant number of Belfast-based clients for several years with the volume of work steadily increasing so it was a natural progression to establish a permanent office so as to be close to clients and their business base.

"This work has largely centred on corporate advisory work with the banks and other finance houses and our major presence in the insolvency and restructuring work has increasingly required a Belfast presence."

The firm said its role on the Nama scheme was expected to be a growth area as more details emerge of Nama projects in Northern Ireland.

Insolvency partner Gerard Gildernew said: "As the Nama strategy evolves, we will be actively working with their team and the Nama work will be a natural extension of all our other projects."