Our team comprises local experts with a wide range of specialities to support your business at any stage of their journey, or stakeholders, such as financial institutions, lenders, legal professionals, investors, and other corporate bodies.
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 1773843440.
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Distressed Directors Advice Line
Our team comprises local experts with a wide range of specialities to support your business at any stage of their journey, or stakeholders, such as financial institutions, lenders, legal professionals, investors, and other corporate bodies.
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.
Our unrivalled expertise is trusted by stakeholders to maximise and realise the value of business assets, protect brand reputation and stimulate business growth. We also work closely with service providers, local authorities and other businesses to consult on areas, such as business rescue, recovery, and growth.
As an industry leader in business rescue and recovery, our licensed insolvency practitioners and corporate restructuring experts are equipped to help businesses overcome adversity. Our turnaround and restructuring services are paramount for operational and financial stability and have the potential to flip the fortunes of a business.
Our dedicated financial advisory team can advise on capital management, corporate finance and pensions advisory, and we can also assist with finance and funding. Our commercial finance advisers are uniquely positioned to advise on a complete range of finance solutions as they are tapped into competitive lending markets.
Our property arm is headed up by a team of chartered surveyors, valuers, and real estate agents who can assist private and corporate clients with property and business asset sales. Our business transfer agents are also available to support the business acquisition and disposal journey.
We offer a free, confidential consultation at our Alfreton office with a professional adviser to discuss the next steps. In addition to our Alfreton office, we have a strong presence in the East Midlands area with neighbouring offices in Nottingham, Derby, Loughborough, and Chesterfield.
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