Begbies Traynor Group

70 jobs saved at Module-AR

Dean Watson of Begbies Traynor in Manchester.jpg
Date Published: 06/12/2023

The business and assets of a company, specialising in modular building construction, have been acquired out of administration, safeguarding more than 70 jobs.

Dean Watson and Paul Stanley of Begbies Traynor were appointed as Joint Administrators of Module-AR Limited alongside Rikki Burton of Anderson Brookes on 27th October 2023.

Following a marketing campaign and negotiations with various parties, the Joint Administrators can now confirm they have completed the sale of the business and assets of the £30 million turnover company as a going concern to a third party. 

Dean Watson, partner at Begbies Traynor, said:

“We are pleased to have completed a going concern sale of the business, which safeguards the jobs of a loyal and skilled workforce. These are particularly challenging economic times for everyone in the construction sector but this acquisition saves jobs and enables operations to continue.  We have been assisted by Rob Turner of Brabners and Paul Pilling of Hilco Valuation Services with the transaction.”

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Dean is a Qualified Accountant (FCCA) and Licensed Insolvency Practitioner with over 25 years experience in the accounting profession.  Dean joined Begbies Traynor in 1999 after spending 10 years working in general audit and accountancy practice.  Based in the Manchester and Preston offices, he has worked on a variety of assignments including formal insolvency appointments and providing advice to various stakeholders in situations where financial distress is present.

Dean has gained significant experience in the Legal Sector after dealing with a number of distressed Legal and other professional services firms in recent years and jointly heads up the North West Professional Services team.   

As well as business reviews and formal insolvency appointments, practical solutions and hands on turnaround assignments have also been one of Dean’s main focuses. This has generally been in support of high street clearing banks and other financial institutions.

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