Welcome to Begbies Traynor Group in Sutton Coldfield. Our team of licensed insolvency practitioners and business rescue experts are here to help you and your business deal with insolvency, and will explain the most suitable options depending on your circumstances.
Begbies Traynor is the leading insolvency practice in the UK and is well versed in advising company directors whose businesses are declining, whether due to the coronavirus pandemic or for other reasons.
We provide specialist advice on Creditors’ Voluntary Liquidation (CVL), which is a formal process to liquidate insolvent companies. It protects creditor interests and can enable eligible directors to claim statutory redundancy pay, whilst ensuring creditors are repaid in the statutory order.
Our team supports businesses of all sizes industry wide, and provides relevant guidance to company directors on such topics as personal liability and claiming director redundancy. If your business can be turned around we will provide specialist advice on emergency funding, and formal or informal insolvency measures to address the pressure on working capital.
We have contacts with alternative financiers around the UK, for example, and can help you quickly obtain funding that is flexible and tailored to your business. Not all forms of finance may be appropriate, and when your business is in financial distress it is crucial that you seek the most suitable.
In addition to delivering support for insolvent liquidations our team also advises company directors wishing to close down a solvent company - when the company is no longer required, for example, or a director wishes to retire.
Our Sutton Coldfield office offers easy accessibility and we have other offices in the area, including Birmingham, Wolverhampton, and Coventry, should these be more convenient. All our offices offer telephone and video consultations to directors, so you can receive professional assistance quickly.
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 →