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Wakefield Office - Insolvency Practitioners

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EXISTING CASES AND CONTACTS

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DISTRESSED DIRECTORS ADVICE LINE

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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


Another partner for Begbies Traynor’s Sheffield office
May 6th 2021

Leading insolvency specialist Begbies Traynor has promoted Joanne Hammond to partner. Based in the firm’s Sheffield office, she works across the Yorkshire region.

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Highest quarterly leap recorded by Red Flag Alert as almost 100,000 additional businesses drop into significant financial distress in Q1 2021
April 22nd 2021

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% increase

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Apple founder’s 1973 job application sold for £200,000 in recruitment firm liquidation
March 31st 2021

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.

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