Begbies Traynor Group plc (the "group"), today announces that it has completed the acquisition of CVR Global LLP (“CVR”).


Date Published: 18th January 2021

Begbies Traynor Group plc (the "group"), today announces that it has completed the acquisition of CVR Global LLP (“CVR”).

Highlights of the acquisition

  • Represents the largest insolvency acquisition the group has undertaken to date
  • Delivers a significant expansion of the group’s scale in London and the South of England
  • Enhances the group’s existing specialisms in business recovery and financial advisory
  • Adds first overseas offices, enhancing the offering provided by BTG Global Advisory
  • In line with strategy to target value-accretive acquisitions and is expected to be immediately earnings enhancing

About CVR

CVR is a leading independent firm of insolvency practitioners, forensic accountants and experts in other related complementary disciplines. The firm’s specialisms include restructuring, financial distress, fraud and asset recovery, business disputes, ADR and dispute resolution, and pension covenant reviews.

The business operates from seven UK offices in London, Birmingham, Bristol, Southampton, Hove, Medway and Colchester; together with offshore offices in Gibraltar, Jersey, Cyprus and the British Virgin Islands.

The team of 90 partners and employees will all join the group and enhance our existing strong network of offices and teams across London and the South of England. In common with our previous insolvency acquisitions, the CVR team will operate as Begbies Traynor and BTG Advisory moving forwards.

The CVR specialisms are expected to enhance the group’s offering and include:

  • Significant insolvency expertise with cases largely sourced from professional intermediaries.
  • A strong contentious insolvency practice which will complement the group’s existing practice.
  • Forensic accounting, expert witness and pensions advisory services which will develop our BTG Advisory service line.
  • Established operations in offshore locations which will enhance the offering provided by BTG Global Advisory.

 Mark Fry, Head of business recovery and advisory of Begbies Traynor Group plc, commented:

“The acquisition of CVR significantly increases the scale and specialisms of our business recovery and financial advisory business across London and the South of England, whilst enhancing our overseas capabilities. The CVR team has a similar style and culture to our own and will be a highly complementary fit with our business.

“We welcome the team into the group and look forward to working with them.”

Ric Traynor, Executive Chairman of Begbies Traynor Group plc, commented:

“The acquisition of CVR is our largest insolvency acquisition to date and is expected to be immediately earnings enhancing. The increase in scale and capabilities leaves the group
well-positioned to increase its market share and continue to grow its business recovery and financial advisory revenues.

“The group continues to consider further acquisition opportunities and organic investments in both of its divisions, in line with our stated strategy.”


About the author

Ric Traynor

Executive Chairman

Meet our Team of Experts

Ric qualified with Arthur Andersen in 1984 and founded Begbies Traynor in 1989. Ric specialises in practice management and has considerable experience in financial turnaround and dispute resolution within professional practices.

108 Regional UK Offices

Find your local Begbies Traynor office and speak to an adviser today.

Find your Local Office
0800 063 9221

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0800 464 0871

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0161 837 1700

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
Begbies Traynor Group plc, announces that it has completed the acquisition of CVR Global LLP
CVR is a leading independent firm of insolvency practitioners, forensic accountants and experts in other related complementary disciplines.
Read More →
 
Coronavirus pushes financially distressed companies over the half-million mark
Number of businesses in significant distress stands at 509,000 – the highest number measured by the Red Flag Alert research
Read More →
 
BTG Advisory accelerates growth with appointment of four new partners to its London office
BTG Advisory, the boutique advisory arm of Begbies Traynor Group announces the appointment of four new partners to its Canary Wharf office
Read More →
 
Eighty jobs saved with £1m sale of engineering business
South Yorkshire company Newburgh Precision rescued through administration
Sale enables 75-year-old business to continue trading
Read More →
 
Join thousands of professionals by signing up for our updates
Analysis and Opinion from our Partners
Top Industry News
Register Now →
 

Advice you can trust

We are accredited by the following industry leading organisations

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ICAS | The Institute of Chartered Accountants of Scotland

Contact the Begbies Traynor team

or Find your Nearest Office

Here at Begbies Traynor Group we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Processing...

This site uses cookies to monitor site performance and provide a more responsive and personalised experience. You must agree to our use of certain cookies. For more information on how we use and manage cookies please read our PRIVACY POLICY