A North Wales based company that supplied go-karts and leisure vehicles for the amusement industry to more than 50 countries around the world has entered into administration after trading successfully for more than 25 years.
Begbies Traynor Group is delighted to announce the promotion of Jake Beake from Director to Partner, effective from 1st September 2023.
New data released today by Begbies Traynor reveals increasing numbers of North West firms face significant financial distress as inflation and interest rates bite.
The fast-growing Teesside operation of leading rescue and recovery specialist Begbies Traynor has further strengthened its team with the addition of experienced insolvency director Claire Dowson who is relocating from the firm’s Sheffield office and returning to her roots in the North East.
Rising debt and inflation drives a surge in companies entering financial distress
Liquidators successfully secure disclosure order against Alla Nicolayevna Babenko
Long Eaton-based Acclaim Upholstery Company Limited has entered into administration following a difficult trading period. Inflationary pressure saw the bespoke furniture manufacturer struggle with rising costs and the impact of finance repayments, alongside a drop in sales.
The Company is registered in England and Wales, registered company number: 13904739, and therefore the insolvency proceedings will be carried out in accordance with the relevant UK insolvency legislation.
On 20th June 2023, Ken Pattullo and Kenny Craig of Begbies Traynor were appointed as joint provisional liquidators of property development firm Alicydon Limited which had obtained planning permission to redevelop the landmark building, Custom House, on Dundee’s waterfront.
BTG Global Advisory (BTGGA), a leading international business and financial advisory network, which was founded by and is administered within Begbies Traynor Group plc, is pleased to announce the admission of a new member firm, Israeli law firm Gissin & Co., Advocates (Gissin), further extending its global footprint and presence in the Middle East.
Property group Eddisons and leading independent insolvency practitioner Begbies Traynor, have relocated their Leeds offices to Wellington Place. The two firms, part of Begbies Traynor Group plc, have taken the 7,100 sq ft second floor of 10 Wellington Place, which will be home to Eddisons’ head office and the Leeds office of the national insolvency specialist.
Michaela Daly, head of the Staffordshire office of Begbies Traynor, has been shortlisted as finalist in the Enterprise Vision Awards (EVAs) 2023 in the category of Employer of the Year.
Breakfast for some of Preston’s most vulnerable adults is being funded through a new partnership between Begbies Traynor and the Foxton Centre.
Staff at insolvency and restructuring specialists Begbies Traynor are celebrating 30 years of doing business in Preston - and have forged a new charitable partnership in the city to mark the occasion.
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