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 01384 882 040.
Existing Cases & Contacts
Distressed Directors Advice Line
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.
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.
At Begbies Traynor Group, we pride ourselves on offering a partner-led service to clients, allowing us to work alongside each other to deliver robust solutions to whatever challenge you are facing. Whether you are planning to embark on an extensive restructuring and refinancing process, searching for your next acquisition target, or looking for a complete property management solution, our team of experts are here to help.
Our Group consists of almost 100 licensed insolvency practitioners, adept at handling all aspects of both personal and corporate insolvency. Our insolvency practitioners assist in terminal situations which require the company to be wound down in an orderly manner, through to financially distressed, but ultimately viable businesses, who need to be restructured financially and/or operationally.
As the UK’s largest corporate insolvency and restructuring appointment-taker, we are trusted by directors, shareholders, and stakeholders when it comes to helping businesses navigate through their most trying times.
Our corporate restructuring services encompass contingency planning, exit planning, business streamlining and simplification, and debt refinancing, all designed to increase shareholder value and restore stakeholder confidence.
For those looking for transaction support, our corporate finance team are skilled in working on both the buy-side and sell-side of these complex transactions, working with investors and business owners to help them realise their ambitions. We offer an unrivalled service to those assessing at the feasibility of a merger, those who need help identifying their next acquisition target, as well as those who are keen to dispose of their company and move on to a new venture.
Our real estate advisory service is delivered by a team of property experts, working together to offer a comprehensive offering, ranging from real estate management, building surveying and property consultancy, through to valuations and property auctions. Our chartered surveyors, agents, valuers, and auctioneers work directly with private and corporate clients alike, including commercial property owners, occupiers, and financial institutions.
For a free confidential meeting with a member of our team, get in touch with Begbies Traynor Group in Dudley. We also have additional offices nearby in Wolverhampton, Birmingham, and Staffordshire.
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