Nick Reed has joined leading business rescue and recovery specialist Begbies Traynor as partner in its Leeds office.
Having spent 28 years with PwC’s advisory practice as a director based in Leeds, Nick brings a wealth of experience of working with both regional and national businesses in complex personal and corporate insolvency cases. His broad ranging expertise includes restructuring advice through to investigative insolvency.
A chartered accountant and insolvency practitioner, Nick has previously been president of the West Yorkshire Society of Chartered Accountants and is also a former chair of insolvency trade body R3 in Yorkshire.
“I am excited about joining the largest independent insolvency practice in the UK and the opportunity this brings to assist corporates and individuals facing financial challenge,” comments Nick. “I am looking forward to working with the Leeds team to further build its strong position in the regional market.
“While we are, at last, starting to see some signs of growth in the economy, the pressures continuing to face business over the coming years will remain challenging in a fast-evolving corporate landscape. Adopting a proactive approach, as well as understanding and representing the position of key stakeholders will remain key to success for businesses in Yorkshire.”
Julian Pitts, managing partner for Begbies Traynor in Yorkshire and the North East, adds: “Nick is extremely well-known in the regional marketplace and, as well as his extensive contacts, he has an impressive track record of working with businesses in distressed situations. He will be a valuable asset to the team as we continue to support local businesses throughout the recovery phase.”
Bob Maxwell, managing partner of Begbies Traynor’s Leeds office, comments: “In recent years the group has focused on building a team of business recovery and restructuring specialists to meet the needs of directors for wider advisory skills and Nick’s experience will add further depth and breadth.”
Following graduation from the University of Hull, Julian qualified as a Chartered Accountant with Coopers & Lybrand in Leeds. After a short time with Baker Tilly, in 1989, together with David Wilson, he established Wilson Pitts, a specialist independent practice dealing with all aspects of insolvency and corporate recovery work. In 2006, the Wilson Pitts practice was acquired by Begbies Traynor where Julian is now the Joint Regional Managing Partner for the North-East region.