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Bromsgrove Office - Insolvency Practitioners

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EXISTING CASES AND CONTACTS

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DISTRESSED DIRECTORS ADVICE LINE

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Welcome to Begbies Traynor in Bromsgrove. We are a team of licensed insolvency practitioners and business rescue and restructuring experts. We assist companies in Bromsgrove and the wider Worcestershire area, helping them understand their options when facing financial distress.

Working alongside companies and their shareholders, Begbies Traynor Bromsgrove are here to help when matters of financial distress threaten the future of a business. While every company is different – each dealing with its own unique challenges – our main aim will always be the same which is to put in place an appropriate plan to help guide the business to a place of safety.

For some companies this will require a formal insolvency process such as a Company Voluntary Arrangement (CVA), or placing the company into administration. While this is a big step to take, often the security of a formal and legally-binding process is exactly what a company needs to plan for the future. Depending on the process chosen, you may be able to lower your monthly debt repayments, write off unaffordable debt, or close down unprofitable or non-performing areas of the business.

If your company cannot be saved – perhaps its debt problems have escalated to an unmanageable level, or you simply do not have the desire to continue trading –  you may wish to consider placing your company into voluntary liquidation using a process known as a CVL. Our insolvency practitioners are licensed to act as liquidators, and can explain the whole process to you, including what this will mean for your employees and outstanding creditors.

Regardless of whether your objective is to save the business, or to close the company in an orderly manner, your appointed advisor will talk you through the pros and cons of each option, giving you all the information you need to make an informed decision.

You can make an appointment with a licensed insolvency practitioner at our Bromsgrove office, or in nearby Worcester.

Bromsgrove Address Isidore Road, Bromsgrove Enterprise Park, Bromsgrove, Worcestershire, B60 3ET
Office Hours:
Monday to Friday 09:00 - 17:15

Bromsgrove Office Contact Form


Here at Begbies Traynor Group we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Case Studies


T-shirts on hangers
2nd Thoughts Ltd

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 …

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Architect making a model house
Architects

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…

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Large scale printer
Capital Print & Display

This London-based large-scale printer was given a cash payment to move from its site by the London Development Agency (LDA), making way for London’s 2012 Olympic Park. After moving, the firm experie…

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Begbies Traynor News


562,000 UK Business Facing Financial Distress in Q3 2021 with Dramatic Rise in Court Action Fuelling Insolvency Concerns
October 29th 2021

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.

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Toxic debt held by 52% of all businesses as money owed increased by £1.9tn in 2020
October 26th 2021

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.

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Michaela Daly steps up at Begbies Traynor in Staffordshire
September 15th 2021

Experienced insolvency practitioner, Michaela Daly is stepping up to lead the Begbies Traynor operation in Staffordshire alongside partner Diane Dunion.

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