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Wakefield Office - Insolvency Practitioners

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EXISTING CASES AND CONTACTS

  • Current Case Updates for Creditors
  • General Office Enquiries
  • Contact a member of our team
DISTRESSED DIRECTORS ADVICE LINE

  • Advice for Directors in Distress
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Welcome to Begbies Traynor in Wakefield. We are a team of licensed insolvency practitioners and business turnaround professionals, here to help your company during times of financial distress.

At our Wakefield office our team of insolvency practitioners and restructuring experts help company directors from across West Yorkshire on all aspects of business rescue, recovery, and turnaround. We can also discuss closure options if you no longer wish to continue trading.

Many businesses will experience a period of financial distress at some point. This may be temporary and short-lived, or it may become endemic and threaten the future of the company altogether. The most important thing is to take action at the early signs of distress or financial challenges. In many cases, a plan can be put into place to stem the losses being suffered, and get the company back to a healthier position.

We will take the time to understand the challenges you up against before fully exploring all the options which may be suitable for your situation. Business rescue is not a one size fits all solution; what may work for one company, may be wholly inappropriate for another. By taking a tailored approach to business turnaround, we can give your company the very best chance of survival as possible.

If liabilities need to be restructured, we can conduct negotiations with creditors on your behalf, arrange a repayment plan with HMRC for tax arrears, or consider a more formal process known as a Company Voluntary Arrangement (CVA) for more acute debt problems. Alternatively, company administration can be considered when creditors are threatening legal action, or where more intensive restructuring is required.

As well as being able to utilise both formal and informal business rescue processes, we can also help bring to an end those companies which cannot be saved by placing them in a voluntary liquidation process.

You can arrange a consultation at our Wakefield office, or at nearby locations in Huddersfield and Leeds.

Wakefield Address Market Walk, Wakefield, West Yorkshire, WF1 1QR
Office Hours:
Monday to Friday 09:00 - 17:15

Wakefield Office Contact Form


Here at Begbies Traynor Group we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Case Studies


T-shirts on hangers
2nd Thoughts Ltd

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 …

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Architect making a model house
Architects

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…

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Large scale printer
Capital Print & Display

This London-based large-scale printer was given a cash payment to move from its site by the London Development Agency (LDA), making way for London’s 2012 Olympic Park. After moving, the firm experie…

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Begbies Traynor News


650,000 UK Businesses Facing Significant Financial Distress
July 28th 2021

The latest Red Flag Alert research for Q2 2021 has recorded 650,000 businesses in ‘significant financial distress’ – the second highest distress level ever recorded by this research.

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Liquidators appointed for Liverpool School of English
July 14th 2021

A language school in Liverpool which has taught thousands of international students for more than 20 years has ceased trading and entered voluntary liquidation.

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Scott Kippax takes reins at Begbies Traynor in Exeter following promotion
July 8th 2021

Scott Kippax has been promoted to partner at Begbies Traynor Group’s Exeter office, taking the reins at the firm’s Balliol House premises in the city.

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