Partner-led Advisory and Professional Services Consultancy
From insolvency practitioners and restructuring experts, to financial advisers, the team at Begbies Traynor Group deliver a wide range of essential services to help stakeholders grow and thrive in today’s market.
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 01246 502 571.
Existing Cases & Contacts
Distressed Directors Advice Line
From insolvency practitioners and restructuring experts, to financial advisers, the team at Begbies Traynor Group deliver a wide range of essential services to help stakeholders grow and thrive in today’s market.
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 Chesterfield office of Begbies Traynor Group is part of our wider office network in the East Midlands. Our esteemed team of local experts are often the first port of call for stakeholders with high business growth ambitions as they strive to deliver highly effective business solutions.
From insolvency practitioners and restructuring experts, to financial advisers, the team at Begbies Traynor Group deliver a wide range of essential services to help stakeholders grow and thrive in today’s market.
Our licensed insolvency practitioners support businesses facing insolvency concerns, such as cash flow problems, company debts, HMRC arrears, and other operational issues. They are also highly experienced and knowledgeable in business rescue and recovery and can devise a plan to restore financial health and alleviate creditor pressure.
Our restructuring team are skilled in refining business efficiencies to boost profitability and bolster business value through corporate simplification, debt restructuring and turnaround.
We also provide financial advisory services that include capital management, corporate finance, forensic accounting, pensions advisory and transaction support which is essential for any proactive business.
Our commercial finance team are tapped into the commercial finance market and works closely with hundreds of lenders, including banking institutions, private lenders, and investors to craft competitive and bespoke finance solutions.
To arrange a free consultation with one of our expert advisers in Chesterfield, or an office near you – get in contact. In addition to our Chesterfield office, we have offices in Sheffield, Barnsley and Nottingham.
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