Freddy Khalastchi - FCA, FABRP

Partner

About

I qualified as a Chartered Accountant with one of the big four accountancy firms in 1990, before working as an audit manager at a firm that specialised in property.

After a short secondment to another firm, I discovered the exciting world of business recovery, and in 1995 qualified as an Insolvency Practitioner. I joined Menzies in 2015 as part of the merger with Harris Lipman.

I have a detailed knowledge of dealing with the full spectrum of both corporate and personal insolvency appointments, including trading administrations, voluntary arrangements, liquidations, bankruptcy, Law of Property Act (LPA), fixed charge and other receiverships.

I am a firm believer that, where possible, insolvency should be the last option and work with my clients and contacts to evaluate all other avenues to resolve disputes without a formal insolvency procedure. Although I have always undertaken this type of business advisory work, the Covid-19 pandemic brought challenges to what were otherwise successful companies and so accelerated the need for  this type of work so as to ensure that financially distressed businesses survive for the benefit of all stakeholders.

I have built up extensive experience across a variety of sectors including, but not limited to, property, retail, technology and international. I also focus on the more complex insolvency assignments which require an element of forensic and cross-border investigations.

I am a member of The Insolvency Practitioners Association (IPA), the Institute of Chartered Accountants in England & Wales (ICAEW) and the Association of Business Recovery Professionals (R3).

Email: fkhalastchi@menzies.co.uk

Personal

My first  job

Selling end of line stock in the East End of London. The strangest item I had to demonstrate and sell, was a fully-functioning Manneken-Pis (a landmark sculpture found in Brussels).

Most embarrassing work experience

Having to ask members of the British Royal family to pay for their shoe purchases, before allowing them to have their shoe moulds back!