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.
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 →
Leading insolvency specialist Begbies Traynor has promoted Joanne Hammond to partner. Based in the firm’s Sheffield office, she works across the Yorkshire region.Read more →
The latest Red Flag Alert research for Q1 2021 has recorded 723,000 businesses in ‘significant financial distress1’ after the largest numerical quarterly leap (93,000) recorded in the research since its new version was launched in 2014. This 15% increaseRead more →
Kris Wigfield of Begbies Traynor in Sheffield and Steven Wiseglass of Inquesta, the joint liquidators of London-based recruitment business Sourcechain Technologies, have sold an unusual asset as part of their work to liquidate the company.Read more →