Welcome to Begbies Traynor in Sunderland. We are a team of licensed insolvency practitioners assisting companies in Sunderland and the wider Tyne and Wear area with all aspects of business distress.
Whether you want to throw everything you have at saving your company, or whether you are looking at ways of bringing it to an orderly end, Begbies Traynor in Sunderland are here to help.
As licensed insolvency practitioners, we are perfectly placed to help you understand your options when matters of financial distress threaten the future of your company. Our aim will always be to save any viable business, working alongside directors and shareholders to steer the company to a place of safety.
We will explore all viable options with you, including Company Voluntary Arrangements (CVAs),and placing the business into administration. We can also identify instances where a formal insolvency process may not be required, and instead we can suggest alternative strategies such as informal negotiations with creditors, or introduced new funds into the business to stimulate activity.
If your company is unable to be rescued, the only option may be to place the business into voluntary liquidation using a process known as a CVL. This will ensure the business is closed down in an orderly manner, while also treating all outstanding creditors fairly. Our licensed insolvency practitioners will handle the whole process on your company’s behalf, including dealing with creditors and having the company’s name removed from the Companies House register.
You can make an appointment with a licensed insolvency practitioner at our Sunderland office, or in nearby Newcastle for immediate help and 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 →
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 →