Partner-led Advisory and Professional Services Consultancy
Note: Before calling, please ensure you are dialling the correct line. If you are a director of a UK company and need urgent advice on issues such as cash flow and financial uncertainty call our Distressed Directors Advice Line on 020 3280 6931.
Existing Cases & Contacts
Distressed Directors Advice Line
The business of specialist management accountancy firm EK Williams has been sold via a pre-pack administration to a company owned by the former management. The sale was successfully negotiated after a period of marketing and discussion with interested parties. The company had provided bespoke services to petrol forecourt retailers since 1935. After acquiring another accountancy firm in 2010 the economic downturn caused difficulty in the company making the deferred payments, which led the directors to seek help from Begbies Traynor. The sale saved 27 jobs and provided continuity for its many blue chip customers.
2nd Thoughts Ltd, trading as Ellie Louise and Happit, was sold by our Leeds team after this long established chain fell victim to the retail sector downturn. Moving quickly they secured a buyer three days after appointment. HMRC had issued a winding up petition but liquidation would not be the best outcome, halting trade, losing goodwill and increasing preferential creditors through significant redundancies. Administration enhanced goodwill, ensured customer continuity and retaining most staff. This prompt ‘going concern’ sale allowed 49 stores in leasehold premises to go on trading, protecting over 240 jobs and minimising creditor claims.
The Barnet office of Begbies Traynor Group is part of our nationwide office network that spans over 100 locations.
As the UK’s largest corporate insolvency and restructuring provider, we strive to support company directors and stakeholders in times of corporate distress. We explore all the available options to restore viability and finetune operational efficiency which may include HMRC negotiations, corporate finance arrangements, cash flow management or business restructuring.
We work closely with business owners and stakeholders to move confidently towards the most effective outcome to boost profitability and preserve business value.
Our business finance and funding specialists are uniquely positioned to source competitive finance. Bring ambitious growth plans to fruition through our diverse panel of lenders which includes banks, alternative providers, and investors.
To support the disposal of company assets, including property and land, our real estate advisory offering is invaluable to stakeholders. Our online asset auction services are highly popular with commercial and private clients around the country. We offer an end-to-end asset disposal service which includes asset disposal planning, asset valuations, and marketing.
Our business transfer agents handle business disposals and can advise business owners throughout each stage, from business preparation and due diligence to sales negotiations.
Our real estate advisory offering covers all aspects of real estate, such as real estate auctions, valuations, building surveying, project consultancy, real estate management and real estate insurance.
For a free confidential meeting with a member of our team, get in touch with Begbies Traynor Group in Barnet. We also have additional offices nearby London North, Finchley, Edgware and Harrow.
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