Welcome to Begbies Traynor Group in Barnstaple. We are a specialist team of licensed insolvency practitioners and business rescue experts ready to help you and your business with a wide range of closure and rescue options.
Our services include all aspects of voluntary insolvent liquidation, from an initial assessment of your company’s overall financial position to acting as liquidators in the Creditors’ Voluntary Liquidation (CVL) procedure.
Creditors’ Voluntary Liquidation involves realising the company’s assets and distributing the proceeds of sale to creditors in the statutory order. Entering CVL minimises creditor losses and enables company directors to meet their legal obligations in insolvency.
The coronavirus pandemic has caused financial devastation in many UK sectors, leaving businesses that were once thriving in a state of severe financial decline. In some cases the rate of decline has made rescue impossible, but if your business can be turned around you can be sure of reliable guidance from our team.
The UK operates a supportive regime for companies in financial distress, and there may be a range of options open to you. These could include entering company administration, for example, or renegotiating business debts within a Company Voluntary Arrangement (CVA).
CVAs are legally binding instalment plans suitable for businesses deemed viable for the long-term by a licensed IP. Our highly experienced team can assess the viability of your company and negotiate formally with creditors if appropriate.
Our office in Barnstaple is central to the town and good transport links make it easily accessible, but we also have other offices in the area that may be convenient, including Taunton and Exeter.
Begbies Traynor is the UK’s leading insolvency practice and our Barnstaple team are ready to provide the specialist advice you need. To ensure you receive professional guidance without delay, we offer video and telephone consultations to all company directors.
2nd Thoughts Ltd, trading as Ellie Louise and Happit, was sold by our Leeds team after this long established chain fell victim to the retail sector downturn. Moving quickly they secured a buyer three …Read more →
The Company had relationships with some national house builders as well as smaller Companies. They had experienced cash flow issues due to slow paying debtors and this meant that they had fallen beh…Read more →
March 2022 Football Distress Survey: Almost half of EFL clubs see continuing financial distress as high levels of debt and rising player wages choke English clubsRead more →
March 2022 Football Distress Survey: Scottish clubs keep finances tight while English clubs suffer from ‘unsustainable’ pressure of rising player wagesRead more →
Following the appointment of Kris Wigfield, Jo Hammond and Andrew Mackenzie of Begbies Traynor as joint administrators of Delicious Alchemy Ltd on 18th May 2022, a sale of the business and assets has been completed, saving 25 jobs.Read more →