Partner-led Advisory and Professional Services Consultancy
Our Sheffield office is headed up by Kris Wigfield, and along with his team, he can offer expert advice in a number of different areas including corporate recovery and insolvency, personal insolvency, investigations, finance broking, general corporate advisory and creditor services nationally, advising you on your current circumstances with clarity and in confidence.
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 0114 208 6440.
Existing Cases & Contacts
Distressed Directors Advice Line
Our Sheffield office is headed up by Kris Wigfield, and along with his team, he can offer expert advice in a number of different areas including corporate recovery and insolvency, personal insolvency, investigations, finance broking, general corporate advisory and creditor services nationally, advising you on your current circumstances with clarity and in confidence.
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 you are trying to cope with financial problems time is of the essence. It is crucial to act quickly if positive resolutions are to be found. The sooner you contact Begbies Traynor Group, the sooner our experts can start working on your behalf to identify and implement sustainable solutions whether that be through business turnaround, refinancing or a formal insolvency process.
The National Creditor Services Department based in Sheffield have in-depth knowledge and experience of representing clients at creditors’ meetings, with nationwide coverage. We give our client base portal access to our unique online system (ICE) to enable them to review all their live cases 24/7. With continuous growth of our national client base we monitor and manage the full range of creditor meetings, so why not let us represent you too? Our services are free of charge.
Karl Hodson, head of BTG Corporate Solutions is based at the Sheffield office and can help businesses across the UK raise funding for a variety of purposes such as working capital, expansion and capital equipment. The funding may be required from businesses looking to grow, businesses seeking to refinance or those experiencing cash flow issues. The team work closely with the ABL Group and have relationships with a variety of lenders ranging from mainstream to niche funders with expertise and specialist knowledge of raising finance through invoice and asset-based lending, crowd funding, loan and equity funds and Government schemes.
BTG Corporate Solutions also provide Debt Recovery options and seek to maximise collections on credit control and debtor book collect out positions by overcoming the common issues that surround distressed or failed business. The team works with, and on behalf of, major financial institutions, insolvency practitioners and individual SMEs and have the structure and flexibility to individually tailor services to the needs of each client.
If you are based in the South Yorkshire, Lincolnshire or Derbyshire area and wish to arrange a free initial consultation, contact our Sheffield office today. We also have further offices in the Yorkshire region which are located in Doncaster, Hull, Leeds, York and Scunthorpe which you may find more convenient.
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