Welcome to Begbies Traynor Bury St Edmunds. We are a group of licensed insolvency practitioners providing help and guidance to companies and individuals facing financial and operational distress.
Our team at the Bury St Edmunds office have a wealth of experience when it comes to advising sole traders, company directors, and shareholders with all aspects of company and business distress. The team have helped countless businesses across Bury St Edmunds and the wider Suffolk area with a range of issues including cash flow problems, growing debts, and falling trade.
Rest assured there is nothing they haven’t seen before, and no matter how serious you feel your situation is, there is always something we can do. It is always our primary aim to save the business, and we will consider every option possible to make this happen. If you are struggling with HMRC arrears, we can enter into negotiations on your behalf to come to an affordable and sustainable repayment plan; if you are experiencing increasing creditor pressure, we can likewise work to come to a mutually beneficial arrangement through either a formal or informal process.
It is an unfortunate fact that many businesses will experience some form of financial distress at some point. This does not necessarily mean the company is beyond rescue, but it does mean action needs to be taken to give the company the very best chance of effecting a successful turnaround. The sooner advice is sought, the more options will be available to you and your company.
As licensed insolvency practitioners we can consider the full range of formal insolvency processes, from Company Voluntary Arrangements (CVAs) to lessen monthly debt repayments, a full-scale restructuring of the company via company administration, through to bringing the company to a close by placing it into voluntary liquidation. We will leave no stone unturned to help your company solve its current problems and look forward to a brighter future.
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 →
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 →
Experienced insolvency practitioner, Michaela Daly is stepping up to lead the Begbies Traynor operation in Staffordshire alongside partner Diane Dunion.Read more →