Begbies Traynor Group plc (the "Group"), the business recovery, financial advisory and property services consultancy, today announces the acquisition of the entire issued share capital of KRE (North East) Limited, a Newcastle based insolvency practice.
The latest analysis of corporate insolvency statistics for 2018 reveals that Begbies Traynor has retained its position as the UK’s leading business recovery practice with regard to total corporate insolvency appointments.
The number of businesses in ‘significant’ financial distress now stands at 481,000, leaping by 15,000 during Q4 2018, after a winter of uncertainty, according to the latest Red Flag Alert research from Begbies Traynor.
On 22 January 2019, Joanne Hammond and Claire Dowson of Begbies Traynor in Sheffield were appointed as joint administrators of Newburgh Precision in Rotherham with the company immediately being acquired by Ledantech Limited, saving all 80 jobs at the firm
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