Partner-led Advisory and Professional Services Consultancy
With a wealth of experience advising directors and shareholders facing corporate insolvency, Gillian Sayburn and Andrew Little head up our Newcastle office and is one of the north-east's leading corporate advisory experts. Alongside their team, Gillian and Andrew can provide advice on corporate insolvency and company restructuring, as well as helping you access the range of services offered across the Group including corporate finance, commercial funding, and real estate advisory.
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 0191 501 6889.
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Distressed Directors Advice Line
With a wealth of experience advising directors and shareholders facing corporate insolvency, Gillian Sayburn and Andrew Little head up our Newcastle office and is one of the north-east's leading corporate advisory experts. Alongside their team, Gillian and Andrew can provide advice on corporate insolvency and company restructuring, as well as helping you access the range of services offered across the Group including corporate finance, commercial funding, and real estate advisory.
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.
The Newcastle office of Begbies Traynor is one of several in the north-east. Each of our operating bases has teams of dedicated business rescue experts, licensed insolvency practitioners, commercial finance specialists, and corporate finance teams, all providing assistance and support wherever it is needed.
There is rarely an easy way out when a company begins to experience financial difficulties, but confronting the issues and understanding the options is the first step towards finding a workable solution. Begbies Traynor Group has unrivalled expertise in all areas of corporate insolvency and we deliver clear guidance to directors facing the stress of seeing their company come under increasing pressure from creditors.
Begbies Traynor Group also offer advice to company owners and investors who are looking to take the next step and grow their operations either organically or through an acquisition. From identifying potential targets and conducting enhanced due diligence, through to deal negotiation and securing funding, our corporate finance team will be with you every step of the way. As we operate on both the buy- and sell-side of corporate transactions, we can even help you dispose of a company you no longer require.
Whatever your situation or the size of your company, Begbies Traynor Group have the specialists to help you find a route to a stronger financial position and a more sustainable future. Call us directly today to arrange a free initial consultation at our Newcastle office or at any other one of our locations across the country. We do have an additional office in the North East region - located on Teesside - which you may find more convenient.
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