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Huntingdon Office - Insolvency Practitioners

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EXISTING CASES AND CONTACTS

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DISTRESSED DIRECTORS ADVICE LINE

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Welcome to Begbies Traynor in Huntingdon. We are a team of licensed insolvency practitioners providing help and advice to directors and shareholders of limited companies facing financial distress.

At the Huntingdon office of Begbies Traynor you will find a talented team of business turnaround, restructuring, and insolvency experts, here to help limited company directors, shareholders, as well as sole traders, during their most challenging times.

When your company is experiencing a period of financial distress, it is tempting to ignore the problems and hope they will resolve themselves on their own. Unfortunately, this is rarely the case, and you instead run the very real risk of exacerbating the issues you are facing. In order to increase your chances of emerging from a period of distress with a viable business to show for it, is to seek expert advice at an early stage.

There are a number of both formal and informal business rescue and turnaround processes which can be used to effect the successful recovery of a distressed business. At Begbies Traynor Huntingdon, our team of licensed insolvency practitioners are perfectly placed to explain each of these possible options to you, highlighting the pros and cons of each one. After careful consideration of your company, its current challenges, and likely future prospects, we will be able to give you our recommendation of the most appropriate solution for you, your company, and its creditors.

This may mean undergoing a process of operational and financial restructuring and entering into negotiations with creditors regarding your existing liabilities. This is achieved through a Company Voluntary Arrangement, and could allow you to exit costly lease agreements, as well as lowering your monthly contribution to existing debt. Alternative we could look at whether accessing external funding could ease your cash flow worries, or whether placing the company into administration would allow for the time and breathing space needed.

We are also here to talk you through the voluntary liquidation process if it is deemed that the company cannot be saved, or you have run out of desire to continue trading. Whether you want to save or close your company, your appointed insolvency practitioner will be here every step of the way, to ensure the best outcome for your company, staff, and creditors.

From our Huntingdon office, you can arrange a free no-obligation consultation, during which you can discuss the challenges your business is facing and understand your options for rescue or closure.

Huntingdon Address 148, 149 & 150 High Street, Huntingdon, PE29 3YH
Office Hours:
Monday to Friday 09:00 - 17:15

Huntingdon Office Contact Form


Here at Begbies Traynor Group we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Case Studies


T-shirts on hangers
2nd Thoughts Ltd

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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Architect making a model house
Architects

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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Large scale printer
Capital Print & Display

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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Begbies Traynor News


562,000 UK Business Facing Financial Distress in Q3 2021 with Dramatic Rise in Court Action Fuelling Insolvency Concerns
October 29th 2021

The latest red flag research for Q3 2021 from Begbies Traynor, which monitors the financial health of UK businesses has recorded 562,550 businesses in ‘significant financial distress1’, with a 139% uplift in CCJs2 in the past year.

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Toxic debt held by 52% of all businesses as money owed increased by £1.9tn in 2020
October 26th 2021

New data from Begbies Traynor Group has found that UK corporate debt soared by £1.9tn in 2020 to £6.6tn, and 52% of UK businesses are now saddled with ‘toxic debt’ that may never be repaid.

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Michaela Daly steps up at Begbies Traynor in Staffordshire
September 15th 2021

Experienced insolvency practitioner, Michaela Daly is stepping up to lead the Begbies Traynor operation in Staffordshire alongside partner Diane Dunion.

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