Bingham Davis Assets and IP Acquired from Liquidator
Curtins Group, the national consulting engineering business, has bought some of the assets and intellectual property of Liverpool-based Bingham Davis Limited, which went in to liquidation in early October.
The purchase will see former director Tim Bingham join the Curtins Group, which has 11 offices nationwide and is itself headquartered in Liverpool.
Rob Melling, chief executive of Curtins, says the move will ensure continuity of service for a number of key clients.
“Tim has an outstanding reputation in the private developer market and will strengthen that part of our business. It’s good that a Liverpool business has been able to provide the solution to this issue,” said Melling.
“We’ve held our own during the recession,” said Melling, “and this acquisition is part of our strategy of reducing exposure to public sector markets. We’ve got a healthy mix of projects going forward in what remains a challenging market.”
Gary Lee, partner at Begbies Traynor and Liquidator of Bingham Davis said:
“In what is a very challenging market this is a positive outcome for the clients of Bingham Davis and the company’s creditors. When liquidation is the only alternative, a deal that preserves expertise and intellectual property must be considered a success.”
Gary is a Fellow of the Institute of Chartered Accountants in England and Wales and a Licensed Insolvency Practitioner with over 20 years experience in the profession.
He has worked extensively with Banks, Asset Based Lenders & Private Equity on mid market & SME assignments. He has a broad range of experience gained through a variety of assignments, working on formal insolvency appointments, informal workouts, debt negotiations and independent business reviews.