Begbies Traynor strengthens Scottish team with appointment of well-known insolvency practitioner

Begbies Traynor has added 34 years of Scottish insolvency experience to its team in Glasgow with the appointment of George Lafferty as director.

George joins the leading professional services firm from another Glasgow insolvency firm, where he was insolvency director. He has previously held senior positions with other well-known insolvency firms in the city.

During his extensive career, George has worked across a wide range of sectors from hospitality and retail to construction, developing expertise in all forms of corporate and personal insolvency procedures.

With businesses across almost all sectors facing difficult trading conditions, the addition of George as Begbies Traynor’s fifth licensed insolvency practitioner in Scotland will enable Begbies Traynor to use its expertise to support a greater number of businesses.

Thomas McKay, managing partner for Begbies Traynor in Scotland, said: “With a long and successful career in corporate and personal insolvency, George will use his reputation and diverse contacts across Glasgow to help advise our clients on the best route forward from distressed situations. He is renowned for his restructuring abilities and will build Begbies Traynor’s profile throughout Scotland, also working across our offices in Edinburgh, Dundee, Aberdeen and Inverness.

“George’s appointment not only adds to the Scottish team’s capacity, but also complements our existing skills, supplementing the senior management team and ensuring that we are able to provide the best possible service to clients as we continue to grow.”

George Lafferty, director at Begbies Traynor, said: “As a market-leading and forward-thinking firm, joining Begbies Traynor was an obvious choice for me. The firm has one of the largest teams of insolvency practitioners in Scotland, so is well-placed to support struggling businesses in the current challenging economic climate.

“We’re seeing increasing financial distress across the board as many sectors face a shifting marketplace with demand falling as consumers feel the pinch, together with ever-rising costs. From hikes in national insurance to tariff uncertainty and inflation, even long-established businesses are under threat and it’s vital that they can turn to experienced and trusted insolvency professionals for help.”

With a 57-strong team across Scotland and Northern Ireland, Begbies Traynor has offices in Glasgow, Edinburgh, Dundee, Aberdeen, Inverness and Belfast. The firm provides independent advice and solutions throughout the country across a broad spectrum of areas throughout the business lifecycle including corporate and personal insolvency, restructuring, corporate finance, transaction services, forensic services, pensions advisory, capital management, real estate advisory and commercial funding.