Frank is a restructuring and insolvency specialist; his expertise include assisting clients with the restructuring of their affairs and working with them to achieve the best outcomes for their business. His sector experience includes retail, technology and finance.
Frank is a managing director in the insolvency and restructuring team. He has broad a range of experience in handling distressed small to medium-sized enterprises (SMEs) and advising solvent clients who want to restructure their affairs or close down operations. He works with a variety of businesses with a turnover between £1 million and £30 million, including start-ups, partnerships, sole traders, SMEs and community interest companies. He has experience across a number of sectors, including multi-location retail chains, photography, electricity supply and children’s nurseries.
Frank's objective is to achieve the best possible results for all stakeholders. For companies in difficulty, this means dispelling the stress and confusion that naturally accompanies business distress, and instead looking for the second opportunities for success in place of focusing on failure. This approach may result in an accelerated sale of the distressed business prior to formal insolvency. He is also a specialist in crowdfunding and peer-to-peer lending platforms and provides advice in relation to managing financial risks. He also advises clients who are facing the consequences of having invested in a range of tax avoidance products and schemes.
Quantuma managing director, Frank Wessely made the Power 50 list in the Peer2Peer Finance News Power 50 list 2020. The Power 50 list recognises the remarkable achievements of the individuals leading the growth of this sector during an extraordinary year. This list highlights the people/businesses at the top of the UK’s largest and fastest growing platforms as well as the government officials and regulators who have helped shape the sector into what it is today.
Frank is a licensed insolvency practitioner in the UK by the Institute of Chartered Accountants in England and Wales, having qualified in 1990. He is also a member of the Insolvency Practitioners Association and the trade body R3. Having worked at numerous top 10 accountancy firms, Frank is now based at Quantuma’s Thames Valley office where he services many clients located in the Thames Valley as well as in London.
His personal interests include playing walking football for the Arsenal walking football team, going to literary festivals around the UK and enjoying city breaks and cruise ship holidays.