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 01229 498 046 .
Existing Cases & Contacts
Distressed Directors Advice Line
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.
As the UK’s largest corporate insolvency and restructuring appointment-taker, we are trusted by businesses and professional stakeholders across an extensive range of sectors.
Our corporate restructuring advisers offer contingency planning, corporate simplification, debt restructuring, optimised exit planning and business turnaround services. We understand the importance of business streamlining to unlock value and increase investor appetite.
Our finance and funding specialists work closely with a renowned panel of lenders, including banks, alternative providers, and private investors to fulfil short and long-term finance needs. Our extensive range of finance options means you can tailor finance arrangements to your exact needs.
Our real estate advisory team handle all aspects of real advisory, including commercial real estate management, valuations, and transaction support. Our chartered surveyors, valuers, and real estate agents are available to assist private and corporate clients, including commercial property owners, occupiers, and financial institutions.
We also handle the valuation and sale of business assets and assets through our property agency and business transfer agents.
For a free confidential meeting with a member of our team, get in touch with Begbies Traynor Group in Barrow. We also have additional offices nearby in Blackpool, Preston, Manchester and Liverpool.
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