Re-born firm based in Marylebone

HLM has completed the takeover of stricken practice Sidell Gibson which collapsed last month with debts of £2.5 million.

The firm has been in negotiations about taking over the Sidell Gibson name and running it independently for the past few weeks.

Sidell Gibson will now be run with up to 10 staff working out of new offices in Marylebone in central London. The founder of the 40-year-old practice Ron Sidell, who, according to a liquidator’s report, is owed close to £190,000 as a result of the collapse, is staying with the new business.

“I have been touched by the support of our clients and the industry,” he said. “HLM has the resources and financial strength that will enable us to carry on.”

In May, HLM stepped into to rescue another practice which had gone under, Llewelyn Davies, and its chairman Chris Liddle (pictured) said: “This deal allows Sidell Gibson to retain its strong identity and position in the industry and we are now in discussion with a number of clients about taking projects forward.”

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