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