Firm News
Failure to prevent fraud offence – putting the reasonable procedures theory into practice
After much consultation with industry professionals and other stakeholders, in late 2024 the Home Office released detailed guidance relating to the new corporate criminal offence of failure to prevent fraud (“FTPF”), which forms part of the Economic Crime and Corporate Transparency Act 2023 ("ECCTA"). The offence will come into force on 1 September 2025, setting the timescale for organisations to digest the guidance, assess their readiness and take action to ensure they are in a strong position.
BVI Governor joins Begbies to unveil $6,000 charity donation cheque
Daniel Pruce, Governor of the British Virgin Islands, was the guest of honour at the final charity quiz night sponsored by Begbies Traynor Group for VI Alzheimer’s Association on 9 April 2025. The BVI office of Begbies Traynor Group sponsored multiple charity nights over the first quarter of 2025 at Bamboushay Restaurant & Lounge in Tortola to raise essential, life-changing funds for the Alzheimer’s charity.
Begbies Traynor Group continues midlands expansion with new Partner for Shropshire and Mid-Wales
Begbies Traynor Group has appointed Nick West as Partner to advise businesses across Shropshire and Mid-Wales, enhancing its insolvency services in the Midlands.
Begbies Traynor expands British Virgin Islands team with strategic hire, Elaine Hanrahan
Begbies Traynor Group (“Begbies Traynor” or the “Group”) is pleased to announce the appointment of Elaine Hanrahan as partner in its British Virgin Islands (BVI) office.
Begbies Traynor expands business recovery team in Brighton
Begbies Traynor Group plc, the professional services consultancy, is expanding its business recovery team in Brighton with the acquisition of White Maund Insolvency Practitioners.
14 Jobs saved in Pre-Pack sale of Advatek Limited
A Wrexham-based IT services company has been sold out of administration, safeguarding 14 jobs. Advatek (UK) Limited’s business operations have been acquired by CAE Technology Services Limited in a pre-packaged sale overseen by administrators Craig Povey and Gareth Prince of Begbies Traynor.
BTG Advisory boosts team with appointment of David Hopkins as partner
BTG Advisory, a division of Begbies Traynor Group, has strengthened its senior team with the appointment of experienced restructuring professional David Hopkins as a partner.
Begbies Traynor appoints another insolvency director in Scotland
Leading professional services firm Begbies Traynor has appointed insolvency specialist Kevin Mapstone as a director based at its Edinburgh office.
Channel Island Ceramics – Appointment of Administrators
Channel Island Ceramics today announces that it has appointed Administrators from Begbies Traynor in respect of the business.
BTG Advisory appoints Jack Clitheroe as partner
Jack joins BTG Advisory, a division of Begbies Traynor Group, from Azets, bringing with him a wealth of expertise in forensic accountancy, including eleven years at EY.
Yorkshire duo call on Greek goddess of mariners as trans-Atlantic training gets underway
David Knaggs and Richard Larking, the duo of Leeds lawyers who plan to row across the Atlantic in 2025 to raise £100,000 for two Yorkshire charities, have taken to the waters of Tees Bay in their newly-named boat, Brizo.
UK utility companies in hot water
The UK water industry operates in a complex operational and financial environment which has pushed the sector’s largest company, Thames Water, to the brink of insolvency and raised the prospect of a temporary government privatisation.
Begbies Traynor Group take on the Three Peaks Challenge
A group of 37 colleagues from across Begbies Traynor Group are taking on one of the toughest UK hiking challenges - the National Three Peaks challenge.
Duo of Yorkshire professionals’ trans-Atlantic rowing bid backed by Begbies Traynor
Two lawyers based in Leeds have taken on a mid-life challenge with a difference, launching a bid to raise £100,000 for two Yorkshire charities by building on the region’s previous success in conquering the Atlantic and competing in the World’s Toughest Row in 2025.
More than 47,000 UK businesses start 2024 on the edge of collapse after critical financial distress jumps over 25% again
As we start 2024, the latest Begbies Traynor “Red Flag Alert” report, which has provided a snapshot of British corporate health for over 15 years, highlights the speed at which critical financial distress is growing in the UK after the second consecutive quarter of c.25% growth.
4500 UK retailers face an uncertain New Year as the cost-of-living crisis bites before Christmas
With Christmas just around the corner, new data from leading insolvency firm, Begbies Traynor, covering the first 10 weeks of Q4 2023 (1 October to 14 December), has revealed the full impact of the current economic environment on the retail sector in the UK.
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