Leading insolvency and restructuring firm, Begbies Traynor, has bolstered its senior team in Bristol with the appointment of a new partner.
Dan James rejoins the firm he left in 2018, following the recent acquisition of CVR Global, where he will be responsible for further expanding Begbies Traynor’s range of advisory services to financially distressed businesses and individuals across the South West.
Dan arrives with more than 20 years of insolvency and restructuring experience at some of the UK’s top 20 accountancy firms (including eleven years as an insolvency manager at Begbies Traynor in Bath), in which time he worked on a number of insolvency cases in a variety of sectors, including multi million pound fraud investigations.
Commenting on the news, Dan said:
“I’m joining Begbies Traynor at a time when our profession has a key role to play in helping businesses weather this financial storm, so that when the country emerges from the pandemic, companies have stable and lean financial foundations to build from. Having started my career in Bristol and then worked locally in Bath for over 20 years, I am acutely aware of the significant stress local business owners are currently facing.
“My immediate focus over the coming months will be helping businesses across the South West and beyond to adapt and survive by urging them to proactively plan for their futures - whether that is helping viable businesses that are currently hibernating to mitigate against future financial challenges or identifying the best insolvency or restructuring route to rescue distressed firms.
“What’s more, with Chancellor Rishi Sunak deciding not to implement a previously predicted hike in capital gains tax in his latest budget, we are likely to see a further demand from business owners nearing retirement who opt to voluntarily wind up their solvent business because of the uncertainty created by the pandemic.”
Julie Palmer, regional managing partner at Begbies Traynor, added:
“Dan has unrivalled contacts and knowledge of the business community across the South West and we’re delighted to see him return to Begbies. The next few months are going to be pivotal for UK plc - particularly in the hospitality, leisure and retail sectors, where businesses are fighting for survival and are in need of sound professional advice - and Dan will play a key role in advising clients across these areas and beyond.”
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