Welcome to Begbies Traynor in Hemel Hempstead. Jeremy Karr leads an experienced team of licensed insolvency practitioners and business rescue advisers who are here to support and advise businesses across the North London and wider Hertfordshire area.
Our Hemel Hempstead office is one a network of offices across the UK – including more than a dozen in the Greater London area. We help businesses facing cash flow problems and directors in financial distress – whether this was brought about by the Covid-19 pandemic or by other factors.
It’s crucial that directors and shareholders take heed of the early warning signs of distress. These signs could be the loss of a major contract or client; late VAT or Corporation Tax payments to HMRC; an inability to pay rent or lease costs, or failure to pay staff or suppliers. Regardless of the issues you are facing, my team are on hand to support you through a free consultation, seven days a week. We are only a phone call away and we pride ourselves on providing free expert advice.
In many cases, cash flow can be a short-term issue and the business is still fundamentally viable. In these circumstances, we can explain potential business rescue options 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. If the cash flow and company debts issue is more serious, then we may have to advise you on insolvency closure options such as liquidation.
We can quickly ascertain whether your business is still viable and help you manage those key concerns, such as any personal guarantees, overdrawn directors’ loan accounts, liability for any financial covenants, and alleviating creditor pressure – particularly with regards to HMRC.
Contact Begbies Traynor in Hemel Hempstead for free, expert advice.
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 →
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…Read more →
The soaring cost of steel driven by the Ukraine conflict has contributed to the closure of a Gloucestershire machining and fabricating business.Read more →
Circular 1 Health, an award-winning Covid-testing contractor during the pandemic, has entered into administration.Read more →
On 10 March 2023, the company behind Globix, Miracle World Ventures Limited (“the Company”, “MW”) was placed into voluntary liquidation in the British Virgin Islands. Who are the liquidators…Read more →