Partner-led Advisory and Professional Services Consultancy
Our Glasgow office is one of an extensive network of offices across the UK, including five offices in Scotland. Headed up by Regional Managing Partner, Ken Pattullo, our Glasgow office serves company directors, sole traders, investors, and landlords, providing expert advice and strategic planning across a broad spectrum of areas.
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 0141 305 8609 .
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Distressed Directors Advice Line
Our Glasgow office is one of an extensive network of offices across the UK, including five offices in Scotland. Headed up by Regional Managing Partner, Ken Pattullo, our Glasgow office serves company directors, sole traders, investors, and landlords, providing expert advice and strategic planning across a broad spectrum of areas.
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 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.
If your limited company is experiencing financial or operational challenges, Begbies Traynor Group’s restructuring and insolvency specialists have considerable expertise working with businesses of all sizes, across a variety of sectors, demonstrating an impressive track record in restructuring and refinancing ailing businesses. Recognising the problem and taking expert advice as early as possible may allow a business turnaround or recovery plan to be formulated and successfully implemented.
Alternatively, if you are looking to expand your current operations, our talented team of corporate finance and commercial funding specialists can assist in a number of ways. From securing vital funding at competitive rates, through to helping to identify your next acquisition target, we can harness our enviable network of lenders and investors to get the deal over the line.
If you’re in the Glasgow area and require professional, independent advice, contact your local Begbies Traynor Group office for a free initial consultation. Ken Pattullo will be on-hand to discuss your situation with you and ensure you are placed with the right individual to help you navigate your current challenge or emerging opportunity.
We do have further offices in Scotland which are located in Aberdeen, Dundee, Edinburgh and Inverness – no matter which Begbies Traynor office you come to, you can be sure of receiving the same expert advice.
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