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 0151 268 6829.
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.
At Begbies Traynor Group in Birkenhead, we offer a complete suite of professional services to individuals, company directors, property owners, financial institutions and investors. Our partner-led approach means we can provide full access to our services through one point of contact which makes way for efficient and tailored solutions.
As a leading insolvency and financial advisory provider, we handle the largest number of corporate insolvency and restructuring appointments in the UK. From personal insolvency to corporate insolvency and restructuring, our licensed insolvency practitioners can advise on all areas.
Our property advisory and transaction services are available nationwide through our extensive office network which covers Birkenhead, supported by nearby offices in Liverpool and Warrington. To overcome corporate financial challenges, protect business value and maximise the options available, seek professional advice early.
With over 30 years of experience in guiding clients through both financial difficulty and unprecedented growth, Jason and his team are perfectly placed to advise businesses on how to put their best foot forward. With experience across a range of sectors, our advisers are well positioned to address both general and sector-specific pain points.
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