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 01271 308 270.
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.
As the UK’s leading corporate insolvency provider, we are trusted by company directors and stakeholders to facilitate company rescue and streamline business operations. The UK operates a supportive regime for companies in financial distress which makes way for various options, such as Company Administration and Company Voluntary Arrangement (CVA).
Our company restructuring experts streamline operations and simplify corporate structure to increase efficiency and divert funds to areas most in need. From contingency planning, corporate simplification and debt restructuring, we offer a range of solutions to maximise the growth potential of a business.
Our finance and funding specialists work with a diverse range of lenders, such as banks, financial institutions, and alternative providers to source competitive solutions. From growth finance to specialist finance and unsecured funding, we offer access to a wide range of finance and funding options.
Our real estate advisory services are delivered to private and corporate clients by an expert team of chartered surveyors, valuers, and real estate agents. Our real estate advisory services include auctions, valuations, building surveying, project consultancy, property management and insurance. We also extend management support to corporate occupiers, investors, and property companies.
We also handle business and asset sales which includes business acquisition, disposal and valuation services. Our online auction platform is popular with private and commercial buyers across the globe due to its heightened accessibility and functionality. As award-winning asset valuers and auctioneers, our technical expertise and professional experience in this field is unparalleled.
Our business transfer agents are uniquely positioned to coordinate and execute business sales. With over 70 years of experience in the business transfer trade, we are connected to an extensive network of buyers across the country.
For a free confidential meeting with a member of our team in Devon, get in touch with Begbies Traynor Group in Barnstaple. We also have additional offices nearby in Exeter and Taunton.
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