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 01226 304 698.
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.
Our Barnsley office is part of our office network across Yorkshire. Our team ranges from corporate insolvency, business restructuring experts and financial advisers, to funding specialists and real estate agents. We embrace a partner-led approach to devise collaborative solutions for a varied client base.
We handle the largest number of corporate insolvency and restructuring appointments in the UK. Our insolvency practitioners and business recovery experts support businesses in financial distress throughout the company closure or restructuring journey.
Our financial advisers are highly experienced with diverse capabilities across capital management, corporate finance, forensic services and pensions advisory. We offer finance and funding support to deliver tailored and competitive solutions to growing businesses.
Our award-winning asset valuers and auctioneers offer a complete asset disposal service which includes asset disposal planning, valuations, and marketing. Our business transfer agents handle business disposals across a wide range of sectors. We also offer business valuation services delivered by our in-house team of professional valuers.
We offer real estate advisory services through our property arm, Eddisons, delivered by our expert team of chartered surveyors, valuers, and real estate agents. Our range of services include property auctions, real estate management, valuations, building surveying, project consultancy and insurance.
For a free confidential meeting with a member of our team, get in touch with Begbies Traynor Group in Barnsley. We also have additional offices nearby in Rotherham and Doncaster.
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