Leading business rescue and recovery specialist Begbies Traynor (Central) LLP has completed a sale of the business and assets of Georgina Goodman Limited – a luxury shoe retailer based in the heart of London.
On 2 June 2011 partners Kirstie Provan and Mark Fry of Begbies Traynor were appointed Joint Administrators of the business which included a retail outlet at Old Bond Street, Mayfair. Kirstie Provan commented:
“Georgina Goodman Limited entered into administration on 2 June and the following day we completed a sale of the name, IP and goodwill of the business to Intercede 2387 Ltd.
“Unfortunately it has not been possible to continue trading the business in its current form and we are working alongside the new owners to keep the Bond Street store open until late June to maximise recoveries.
“Stock is being offered for sale at a significant discount and enquiries relating to stock should be directed to Chris Hall at Hilco on email@example.com ”
Mark is an experienced insolvency practitioner, with over twenty years experience. Originally a founding partner in Taylor Gotham & Fry, a specialist boutique practice in the corporate recovery sector, he later sold this practice in 2005 to Begbies Traynor. Mark is now the Regional Managing Partner for the company, responsible for London and the South East. During his time at Begbies Traynor he has developed a separate but integrated restructuring and banking practice; this part of the business has worked in both debtor and creditor led turnaround situations. He also holds several directorships of trading companies outside the financial sector, which assists his awareness and understanding of the issues found by business managers and owners.
Mark is a Counsel Member of the Insolvency Practioners Association and a member of their Membership and Authorisation Committee, as well as the Education and Training Committee. He has also served as a member of the General Technical Committee for R3, the Association of Business Recovery Professionals.