Welcome to Begbies Traynor in Finchley. I’m Mark Fry, a licensed insolvency practitioner and business restructuring specialist. We advise directors and stakeholders in times of financial or operational difficulty – helping to provide clarity of options and cut through complexities.
We have been advising corporate clients for more than 25 years and the process begins through a free no-obligation consultation to discuss the challenges your business is facing.
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 loss of a major contract or customer; cash flow problems or late HMRC tax payments, or difficulty in paying staff or suppliers. If these issues relate to you – or you have any other financial concerns - we’re merely a phone call away and can help to alleviate the stress you are facing.
If a company’s financial position is irrevocable, we can outline the closure options available to you – such as creditors’ voluntary liquidation. We can explain how this works in terms of asset realisation for creditor payments and the benefits of taking control of the liquidation rather than be wound up in a compulsory fashion. In some cases, there are no assets or cash at bank, which means unsecured creditors will receive next to no repayment.
If your operational difficulties are of a short-term nature, we can provide expert advice on business rescue solutions such as HMRC Time to Pay, Administration or a Company Voluntary Arrangement, in addition to other less formal procedures.
Critically, we can quickly ascertain whether your business is still viable in the longer term and advise on any other corporate or personal distress issues such as personal guarantees, overdrawn directors’ loan accounts, liability for any financial covenants, or creditor pressure – particularly with regards to HMRC.
Contact Begbies Traynor in Finchley for free, expert advice. We have numerous offices across the capital – view Our Offices to find your nearest Begbies Traynor location.
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 →
Following the appointment of Joanne Hammond and Kris Wigfield of Begbies Traynor as joint administrators of Wrexham - based 4 Seasons Beer Tent Co Limited (trading as Ningbo Walking Floors)Read more →
New data published today by Begbies Traynor (25th January 2023) indicates businesses in the Liverpool City Region are still battling the legacy impact of Covid debt and are deeply troubled by inflation.Read more →