Welcome to Begbies Traynor in the town of Blackburn where our experienced team of licensed insolvency practitioners and business rescue advisers are available to provide free consultations to all company directors in financial distress.
Blackburn and the surrounding East Lancashire region has a proud history of industry and innovation, with a thriving array of multi-cultural businesses including thousands of start-ups and established multinational firms. In these times of financial uncertainty, we’re here to advise all local businesses when the warning signs appear.
These signs could be the loss of a major contract or customer; an inability to pay VAT or Corporation Tax to HMRC; a struggle to pay your rent/lease costs, or difficulty in paying staff or suppliers. Regardless of the issues you are facing, we’re only a phone call away and we pride ourselves on providing free and frank advice.
If cash flow is a terminal issue, liquidation options may need to be explored but we can advise on the best route to company closure and how directors could potentially claim redundancy – of which the average director claim is £9,000.
If cash flow is a more short-term issue, we can advise on business rescue options such as administration or a CVA – including the recently devised fast-track CVA which is designed to help smaller businesses affected by the Covid-19 pandemic.
We can quickly ascertain whether your business is still viable and provide the advice you need on common director queries surrounding personal guarantees, liability for loans and covenants, and how to alleviate creditor pressure – particularly HMRC.
Contact Begbies Traynor in Blackburn for free, expert advice – we’re here to provide the support you need.
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 →
Danny Scarr, an experienced banking professional, has been appointed as a director in Begbies Traynor Group’s advisory practice as it builds its offering across the Humber region and East Yorkshire.Read more →
The latest red flag research for Q3 2021 from Begbies Traynor, which monitors the financial health of UK businesses has recorded 562,550 businesses in ‘significant financial distress1’, with a 139% uplift in CCJs2 in the past year.Read more →
New data from Begbies Traynor Group has found that UK corporate debt soared by £1.9tn in 2020 to £6.6tn, and 52% of UK businesses are now saddled with ‘toxic debt’ that may never be repaid.Read more →