Welcome to Begbies Traynor in the South Yorkshire town of Chesterfield. My name is Kris Wigfield and both my team and I are here to help company directors across the region when facing financial distress.
We have a strong and proud presence across Yorkshire with a number of Begbies Traynor offices, and our Chesterfield base serves as a director and stakeholder advice hub for all local businesses – particularly those with insolvency concerns, cash flow problems, company debts, HMRC arrears, and other operational issues.
The levels of business distress in South Yorkshire has significantly risen since the beginning of the Covid-19 pandemic - which has caused strain for thousands of UK companies - and the best way to mitigate financial uncertainty in these testing times is to take early advice.
If cash flow is an unrelenting problem, liquidation options may need to be explored but we can quickly ascertain if this is the only option available to your company. If this is the case, we can plan guide you through the company closure process and explain how directors could potentially claim redundancy in insolvent liquidation scenarios – of which the average director claim is £9,000.
If cash flow is a more repairable issue, we can provide guidance on business rescue solutions 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.
The critical issue is whether your business is still fundamentally viable and can return to profitability with some restructuring. Many businesses simply need the breathing space from a relaxation in HMRC pressure in order to get their heads above water again.
Contact Begbies Traynor in Chesterfield for your free consultation today – 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 …
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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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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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The latest Begbies Traynor “Red Flag Alert” research, which has examined the financial health of British companies for the past 15 years, highlights the strain two years of extraordinary financial pressures have had on thousands of UK companies.
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