Begbies Traynor Group

Begbies Traynor acquires Jones Giles & Clay, and eyes further expansion

Date Published: 16/10/2023

Begbies Traynor is expanding its operations in South Wales, following the acquisition of Jones Giles & Clay, as it seeks to consolidate its position as the leading business recovery and insolvency practice in the region.

The deal sees Begbies Traynor welcome four experienced team members to the Cardiff-based team, including directors Susan Clay and Vaughan Jones, who were the principals of Jones Giles & Clay and operated as licensed insolvency practitioners.

Both Susan Clay and Vaughan Jones have over 38 years’ experience in both personal and corporate insolvency with Susan Clay bringing additional personal insolvency expertise and Vaughan Jones with experience across a wide range of businesses including the charity and third sectors.

Commenting on the acquisition, Huw Powell, managing partner at Begbies Traynor in South Wales, said:

“This is an important step for our practice, bringing in significant hires and increasing our capacity to work with larger clients on complex cases.

“Directors, Vaughan and Susan are well respected in the local business community and by combining our teams we are creating an exciting offering for the South Wales market.”

Susan Clay added: “Begbies Traynor has established a reputation for providing a consistently high-quality offering across the UK, while retaining personal and friendly service at a local level. There has never been a more important time for businesses and individuals to have access to specialist expertise in this area, and Vaughan and I are looking forward to growing our practice with Huw and the team.”

Nationally, the Begbies Traynor Group grew by 11% in the past financial year and the South Wales team is focussed on further expanding its operations through recruitment and strategic acquisition.

About The Author

Meet the Team

Huw is a chartered certified accountant with more than 20 years' experience working with businesses that are experiencing financial difficulties.

His impressive network of contacts and relationships with key stakeholders - from lenders and creditors to turnaround specialists – is key in strengthening Begbies Traynor's presence in Wales.

Huw's track record of success within insolvency speaks for itself and he is a major asset within the strong Cardiff setup, which has a combined total of more than 200 years' experience of recovery and rescue work.

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