Welcome to the Cannock office of Begbies Traynor, led by Yiannis Koumettou – an experienced insolvency practitioner and a well-known face across the Staffordshire business region. Yiannis and his team advise directors and stakeholders in financial distress – helping to provide clarity and options in times of uncertainty.
Yiannis’ team have an outstanding track record of delivering reliable and actionable advice that helps businesses deal with insolvency issues in an efficient manner. Regardless of the issues you are facing, we are on hand to support you through a free consultation.
Following the Covid-19 pandemic and subsequent lockdowns, business distress levels have risen across Staffordshire and the Midlands. Thousands of businesses are still trying ride out the storm after taking government support but the long-term effects could be critical. If you’re concerned about the financial position of your company, we can quickly ascertain whether the damage is repairable and if the business can still be viable.
Our priority is always to try and save a company where possible; however, when closure is the only realistic option, we can outline the liquidation procedure and put in place and orderly closure of the business minimising the fallout to creditors and shareholders as much as possible.
If cash flow is a more short-term issue, we can advise on business rescue options such as administration or a CVA.
Contact our Begbies Traynor office in Cannock today to arrange a free initial consultation and to discuss your issues in complete confidence.
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 →