Welcome to Begbies Traynor Group in Scarborough. Our team of licensed insolvency practitioners and business rescue experts are here to support you and your business with a range of closure and rescue options.
Our services include professional advice and practical support. If your business has entered insolvency and cannot be saved, for example, we can act as liquidators in a Creditors’ Voluntary Liquidation (CVL).
This effectively closes your business down, but if your poor financial position is irreversible, it is the best option as it prevents further financial losses for creditors. Our Scarborough team can support you and your company throughout this process.
We will explain the potential ramifications of failing to place your company’s creditors first, and the significant benefits of entering CVL as opposed to compulsory liquidation by a creditor.
The coronavirus pandemic has created considerable financial problems for businesses across the board, and as the UK’s leading insolvency practice we have vast experience of helping businesses deal with the economic fallout from the pandemic.
As business rescue and recovery specialists we can also offer a wide range of solutions and debt remedies if your company is still viable. Depending on your individual business this might include sourcing alternative finance to support working capital for the long-term.
Other rescue services include company restructure and guidance on HMRC’s support for businesses with tax arrears. We also provide advice and practical help for directors wishing to enter solvent liquidation.
Our Scarborough office is easily reached in the town centre and we operate other offices in Yorkshire, including York. Time is of the essence if your company is in financial distress, and you need to take action quickly. With this in mind we offer telephone and video consultations to company directors, ensuring you can easily access the information 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 …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 →
March 2022 Football Distress Survey: Almost half of EFL clubs see continuing financial distress as high levels of debt and rising player wages choke English clubsRead more →
March 2022 Football Distress Survey: Scottish clubs keep finances tight while English clubs suffer from ‘unsustainable’ pressure of rising player wagesRead more →
Following the appointment of Kris Wigfield, Jo Hammond and Andrew Mackenzie of Begbies Traynor as joint administrators of Delicious Alchemy Ltd on 18th May 2022, a sale of the business and assets has been completed, saving 25 jobs.Read more →