Partner-led Advisory and Professional Services Consultancy
The East Lancashire region has a proud industrial history with a thriving array of multi-cultural businesses, both young and old. Our team in Blackburn can guide businesses through a range of scenarios to preserve business value and protect the interests of all stakeholders.
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 01254 731 256.
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Distressed Directors Advice Line
The East Lancashire region has a proud industrial history with a thriving array of multi-cultural businesses, both young and old. Our team in Blackburn can guide businesses through a range of scenarios to preserve business value and protect the interests of all stakeholders.
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 a market-leading business recovery, financial advisory and property services consultancy, our advice is highly rated. Our esteemed advisers have a proven track record and a wealth of experience across our core and complementary service lines. Our knowledge spans a range of sectors, so whether you require general or sector-specific advice, our team is on hand to provide tailored support.
We handle the largest number of corporate insolvency and restructuring appointments in the UK, alongside real estate advisory services to the commercial, industrial and public sectors. We also offer financial advisory services and finance options to growing businesses.
At Begbies Traynor Group, we believe that a collaborative effort and partner-led approach can truly strengthen prospects and gear a business up for success. Our clients can access our complete range of services through one point of contact which means timely and highly efficient solutions.
For more information on how our team in Blackburn can support you, get in touch to arrange a free, confidential consultation. In addition to our office in Blackburn, we also have offices in Preston and Burnley.
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