Partner-led Advisory and Professional Services Consultancy
The London North office is headed up by Partners Ninos Koumettou, Yiannis Koumettou and Theo Alexander and supported by a talented team of corporate advisory professionals.
Ninos and his team have a wealth of experience assisting sole traders, company directors, property owners, investors, and lenders navigate their way through whatever is thrown at them professionally, both challenges and opportunities.
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 0203 280 6912.
Existing Cases & Contacts
Distressed Directors Advice Line
The London North office is headed up by Partners Ninos Koumettou, Yiannis Koumettou and Theo Alexander and supported by a talented team of corporate advisory professionals.
Ninos and his team have a wealth of experience assisting sole traders, company directors, property owners, investors, and lenders navigate their way through whatever is thrown at them professionally, both challenges and opportunities.
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.
Regardless of the issues you are currently dealing with, our aim is always clear – to devise and execute a plan to ensure your company and its finances are on a solid financial footing and ready for what the future holds.
In periods of financial and operational distress, this could involve implementing a formal insolvency process such as a Company Voluntary Arrangement (CVA) or placing the company into administration in order to rescue viable elements of the business.
Should the company’s problems have taken it beyond the point of rescue, we will talk you through the options available and ensure it is brought to an orderly shutdown and any outstanding creditors are dealt with appropriately.
Our London North office is also on hand if you are looking to access a new stream of funding to propel your company to the next level, or provide clear and actionable advice if you are looking to acquire or dispose of a business.
Regardless of the challenges or opportunities your business is faced with, Begbies Traynor Group’s dynamic and driven professionals are here to provide the strategic input and innovate decision-making you need during these times.
The sooner professional advice is sought, the more options will be available to you and your company, greatly increasing the prospect of a successful outcome. Contact the London North office today to arrange a free no-obligation consultation and take the first step towards getting your business back on track.
Our London North office is one of three Begbies Traynor locations in London, with other offices at Canary Wharf and Paddington.
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