Welcome to Begbies Traynor in Chelmsford. My name is Jamie Taylor and in my role as licensed insolvency practitioner, I have been advising company directors and stakeholders for more than 20 years. My team and I are available to provide free consultations to all businesses in financial distress across the Essex and East London areas.
In these times of financial uncertainty brought about by the Covid-19 pandemic, it’s crucial that management take heed of the warning signs when they first appear. These signs could be the first missed payment to HMRC, the loss of a major contract or customer; a struggle to pay your rent/lease costs, or difficulty in paying staff or suppliers. If any of these strike a chord – or you have any other financial concerns - we’re only a phone call away and we pride ourselves on providing free and frank advice.
If a company’s financial position is irrevocable, liquidation might be only option. We can explain how this works in terms of asset realisation for creditor payments. In some cases, there are no assets or cash at bank, which means unsecured creditors will receive next to no repayment.
If your operational problems are more short-term, we can advise on business rescue options such as administration or a Company Voluntary Arrangement, in addition to other less formal procedures.
We can quickly ascertain whether your business is still viable and provide the advice you need. Contact Begbies Traynor in Chelmsford for free, expert advice – we’re here to provide the support you need in times of financial distress and answer all the queries you have around insolvency processes.
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 →