Welcome to the Welwyn Garden City office of Begbies Traynor. We are a team of licensed insolvency practitioners providing expert help and guidance to limited company directors and self-employed sole traders.
Welwyn Garden City is one of a nationwide network of Begbies Traynor offices located across the UK. We are committed to providing company directors, their shareholders, as well as sole traders and individuals with sound and actionable advice during periods of financial distress no matter where in the UK they are based.
At the Welwyn Garden City office you will find a team of highly experienced insolvency practitioners and business turnaround experts. We are dedicated to helping your company navigate its way through its most challenging times, by identifying the most appropriate rescue and business turnaround strategy depending on its situation.
There are a number of formal and informal rescue and recovery processes which are designed to help companies overcome periods of financial distress and look forward to a brighter and more prosperous future.
As licensed insolvency practitioners, we are able to talk you through the various options which exist, and be with you every step of the way while you work towards saving your business. For some, this may involve placing the company into administration to protect it from threats of legal action by creditors. Other situations will require a formal repayment plan to be agreed with outstanding creditors; this is most commonly achieved using a process known as a Company Voluntary Arrangement (CVA). Alternatively, sourcing additional finance may be what you need to instantly improve cash flow, meet your liabilities, and purchase stock. We can also talk you through your options for liquidation if you have made the decision that you no longer wish to continue running your company.
You can arrange a free no-obligation consultation at our Welwyn Garden City office.
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 →