Welcome to the Wembley office of Begbies Traynor. We are a team of corporate rescue and recovery professionals providing expert help and advice to companies in financial distress.
From our office in Wembley, we help SMEs, owner managed businesses, as well as larger corporations, across all areas of corporate insolvency and financial distress. Whether you are struggling to meet your liabilities, are on the receiving end of increasing creditor pressure, or you have concerns regarding what the future holds for your company, seeking the expert services of a professional business rescue expert at the earliest possible opportunity can help you understand your current possible and what options are open to you.
No company director wants to find themselves in the position of dealing with financial and operational challenges when running their business. However, for those businesses that are experiencing cash flow worries, mounting debts, or falling sales, there are a variety of business rescue and recovery processes available which have been designed to provide a lifeline for companies facing these challenges.
Business turnaround comes in a range of guises, and can be as simple as negotiating an informal repayment plan with creditors to ease your outgoings in the short-term, through to formal insolvency processes such as placing the company into administration, or arranging a Company Voluntary Arrangement (CVA).
For those companies with insurmountable problems, the most appropriate course of action may be to explore the possibility of liquidation. This would bring the company to an end in an orderly manner while ensuring creditors get paid as much as possible using available company assets. As insolvency practitioners we are licensed to act as liquidators and can handle the whole process on behalf of your company.
You can arrange a free consultation with a licensed insolvency practitioner or business turnaround expert at our Wembley 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 →
Leading insolvency specialist Begbies Traynor has promoted Joanne Hammond to partner. Based in the firm’s Sheffield office, she works across the Yorkshire region.Read more →
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% increaseRead more →
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.Read more →