Fairpoint announces restructuring

Adlington-headquartered professional services provider Fairpoint has revealed it has started staff consultations over “structural changes” to its operation.

The business, which owns law firm Simpson Millar, said the process reflected its plans to mitigate the impact of a recently revealed reduction in its expected trading performance.

The group has previously revealed that its debt management operation is to shut and it will concentrate on its legal services business.

Fairpoint is not revealing how many of its staff will be affected by the restructuring or when it is set to begin.

The company is understood to employ 200 staff at is Lancashire headquarters.

In a statement to Lancashire Business View a Fairpoint spokesman said: “We can confirm that we have communicated with staff that the group has entered a consultation process to agree certain structural changes.

“This process reflects the group's previous announcements that its debt management business will be closed in early 2017, that its core strategic focus going forward would be on its legal services business, and also reflects the group’s plans to mitigate the impact of the recently announced reduction in expected trading performance. “However, until we have undertaken that process and agreed the structural changes we are unable to provide more specific details.”