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 01268 912 120.
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, our experience is unparalleled. Our team of licensed insolvency practitioners and business turnaround specialists support all types of businesses in financial distress, from businesses that require minimal intervention, to those at imminent risk of insolvency.
Our restructuring advisers maximise stakeholder value through a range of avenues, such as contingency planning, corporate simplification, debt restructuring, optimised exit planning and turnaround. Commercial finance and funding options are crucial for any growing business, so through one point of contact, our clients can access competitive solutions to fuel company growth, fund purchases, and promote investment.
Our real estate advisory services include consultancy, valuation, and transaction support, delivered by an expert team of chartered surveyors, valuers, and real estate agents.
Our award-winning asset valuers and auctioneers handle asset valuations and disposals, including the sale of industrial machinery and business assets through online auctions, marketed sales, tender sales and more. Our team also comprises business transfer agents who are trusted by thousands of business buyers and sellers for their unique industry insights.
For a free confidential meeting with a member of our team, get in touch with Begbies Traynor Group in Basildon. We also have additional offices nearby in Southend and Chelmsford.
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