Published: 15th August 2018
JAG Communications Ltd, the third largest mobile phone retailer in the UK, experienced a cash crisis after abort the purchase of a large number of extra retail outlets. This was compounded by borrowing conditions, which suddenly worsened late 08/early 09. With 245 jobs and 75 outlets at stake, our South West team successfully orchestrated a complex ‘pre-pack’ administration, whereby JAG Communications (Plymouth) Ltd was placed in administration while its assets were simultaneously sold to a new company, JAG Communications (South West) Ltd. The business continued trading without a break, saving all 245 jobs at a time of increasing unemployment.
Ian joined Begbies in 2000 from Pannell Kerr Forster after practicing insolvency for the previous 20 years with Big Four firms. A member of R3 and a Fellow of the Institute of Chartered Accountants in England & Wales (from which he also takes his Insolvency Licence, he is currently a member of the ICAEW Investigation Committee. Over the years, Ian has dealt with all types of insolvency and at least three recessions. Currently, his practice based in Exeter and Plymouth covers the whole of Devon & Cornwall (including the Scilly Isles), together with as much of Somerset and Dorset as he can get away with! He deals with all types of personal and corporate insolvency and also concentrates on pre- and post-lending review work for all the major lending institutions.