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REGULATORY NEWS
The latest regulatory news from the company including Begbies Traynor Group plc announcements, trading reports, executive changes, andfinancial results.
LEE DE - BEGBIES TRAYNOR GROUP Lee De'ath. Lee is a licensed Insolvency Practitioner with more than 20 years of experience and leads the firm’s Colchester office, predominately working in the Essex, Suffolk and Norfolk region. Lee is experienced in working with directors, shareholders, creditors, banks and other financiers in a wide range of formal and informal DANIEL DJANOGLY, PARTNER AT BEGBIES TRAYNOR Daniel is a specialist in accounting, financial and valuation issues in complex business-related disputes, and fraud. As Forensic Accountant he is appointed by claimants, defendants or by both as Single Joint Expert. He is engaged in ADR procedures, High Court and Crown Court litigation, and international commercial arbitration.KARYN PRITCHARD
Karyn Pritchard. Karyn joined Begbies Traynor Group in 2020 from the FD Centre (providers of high-calibre FD services), having previously been with the advisory/restructuring team at a leading accountancy firm in Cambridge and Milton Keynes. With over 20 years’ experience as a qualified accountant and insolvency practitioner, she provides a ESC C16? WHAT IS IT AND WHAT DOES IT MEAN? ESC C16 was an extra-statutory concession widely used by company directors when closing down their business. Prior to legislative changes in 2012, ESC C16 allowed directors to follow a closure process that was both straightforward and tax-efficient. DISSOLUTION LOOPHOLE SET TO BE CLOSED Dissolution loophole set to be closed. New legislation, which aims to prevent company directors avoiding investigation into their conduct by informally striking off their company instead of entering an insolvency process, has had its first reading in Parliament and looks set to become law. Dissolution loophole set to be clos BEGBIES TRAYNOR CORPORATE RECOVERY AND PROFESSIONAL SERVICESOUR SERVICESOUR PEOPLE78 OFFICESABOUT USVALUATIONSCAREERS Welcome to Begbies. The UK’s market leader in business rescue and recovery. Providing independent professional advice and solutions in corporate recovery and restructuring as well as corporate finance, forensic accounting, investigations and risk consulting. Listed on the London Stock Exchange and employing more than 700 staff across a INSOLVENCY PRACTITIONERS PRESTON Begbies Traynor also has further offices in the North West region which are located in Blackpool, Chester, Liverpool and Manchester which you may find more convenient. Preston Address Units 2 to 3 Winckley Court, Chapel Street, Preston, Lancashire, PR1 8BU, (Office parking is on Mount Street, access via Fishergate) Office Hours: COMPLAINTS PROCEDURE CRAIG POVEY, PARTNER AT BEGBIES TRAYNOR Craig Povey. Craig has more than 15 years’ experience in the field of turnaround, restructuring and business recovery and leads CVR Global’s Birmingham office (acquired by Begbies Traynor Group in 2021). Having qualified as a Chartered Accountant with KPMG, became a Finance Director before returning to turnaround and restructuring aschief
REGULATORY NEWS
The latest regulatory news from the company including Begbies Traynor Group plc announcements, trading reports, executive changes, andfinancial results.
LEE DE - BEGBIES TRAYNOR GROUP Lee De'ath. Lee is a licensed Insolvency Practitioner with more than 20 years of experience and leads the firm’s Colchester office, predominately working in the Essex, Suffolk and Norfolk region. Lee is experienced in working with directors, shareholders, creditors, banks and other financiers in a wide range of formal and informal DANIEL DJANOGLY, PARTNER AT BEGBIES TRAYNOR Daniel is a specialist in accounting, financial and valuation issues in complex business-related disputes, and fraud. As Forensic Accountant he is appointed by claimants, defendants or by both as Single Joint Expert. He is engaged in ADR procedures, High Court and Crown Court litigation, and international commercial arbitration.KARYN PRITCHARD
Karyn Pritchard. Karyn joined Begbies Traynor Group in 2020 from the FD Centre (providers of high-calibre FD services), having previously been with the advisory/restructuring team at a leading accountancy firm in Cambridge and Milton Keynes. With over 20 years’ experience as a qualified accountant and insolvency practitioner, she provides a ESC C16? WHAT IS IT AND WHAT DOES IT MEAN? ESC C16 was an extra-statutory concession widely used by company directors when closing down their business. Prior to legislative changes in 2012, ESC C16 allowed directors to follow a closure process that was both straightforward and tax-efficient. DISSOLUTION LOOPHOLE SET TO BE CLOSED Dissolution loophole set to be closed. New legislation, which aims to prevent company directors avoiding investigation into their conduct by informally striking off their company instead of entering an insolvency process, has had its first reading in Parliament and looks set to become law. Dissolution loophole set to be clos COMPLAINTS PROCEDURE Complaints Procedure. Begbies Traynor is the UK's market leader in business recovery. With over 100 UK offices and 800 staff we are well positioned to assist you.KARYN PRITCHARD
Karyn Pritchard. Karyn joined Begbies Traynor Group in 2020 from the FD Centre (providers of high-calibre FD services), having previously been with the advisory/restructuring team at a leading accountancy firm in Cambridge and Milton Keynes. With over 20 years’ experience as a qualified accountant and insolvency practitioner, she provides a LEE DE - BEGBIES TRAYNOR GROUP Lee De'ath. Lee is a licensed Insolvency Practitioner with more than 20 years of experience and leads the firm’s Colchester office, predominately working in the Essex, Suffolk and Norfolk region. Lee is experienced in working with directors, shareholders, creditors, banks and other financiers in a wide range of formal and informal DANIEL DJANOGLY, PARTNER AT BEGBIES TRAYNOR Daniel is a specialist in accounting, financial and valuation issues in complex business-related disputes, and fraud. As Forensic Accountant he is appointed by claimants, defendants or by both as Single Joint Expert. He is engaged in ADR procedures, High Court and Crown Court litigation, and international commercial arbitration. KEVIN MURPHY, PARTNER AT BEGBIES TRAYNOR Kevin Murphy. Kevin is a Chartered Accountant and Licensed Insolvency Practitioner with over 25 years’ experience in corporate recovery and insolvency. Kevin has developed considerable expertise in advising stakeholders of businesses facing financial distress. This includes advising directors of companies in the ‘zone of insolvency’ on INSOLVENCY PRACTITIONERS COLCHESTER Welcome to Begbies Traynor Colchester. We are a group of licensed Insolvency Practitioners in Colchester offering services to help companies with either rescue or closure options. INSOLVENCY PRACTITIONERS LONDON NORTH Welcome to Begbies Traynor London North. We are a group of licensed Insolvency Practitioners in London offering services to help companies with both rescue and closure options.DIRECTOR DISPUTES
Updated: 11th January 2021. If you are in serious dispute with a co-director – maybe you have strongly disagreed on a matter of business, for example, or are a divorcing couple - you may want to liquidate the company and move on. When directors are also 50/50 shareholders, however, it can be difficult to find a solution even ifthere is a
MARK FRY, PARTNER AT BEGBIES TRAYNOR LONDON Mark is an experienced insolvency practitioner, with over twenty years experience. Originally a founding partner in Taylor Gotham & Fry, a specialist boutique practice in the corporate recovery sector, he later sold this practice in 2005 to Begbies Traynor. WHAT ARE THE CONSEQUENCES OF COMPANY INSOLVENCY? Furthermore continuing to trade while knowingly insolvent comes with extremely serious consequences for you on a personal level. Failure to put the interests of your creditors first during this time (e.g. by continuing to trade and accept orders you know you are unlikely to be able to fulfil) is a breach of your duties as a company director and BEGBIES TRAYNOR CORPORATE RECOVERY AND PROFESSIONAL SERVICESOUR SERVICESOUR PEOPLE78 OFFICESABOUT USVALUATIONSCAREERS Welcome to Begbies. The UK’s market leader in business rescue and recovery. Providing independent professional advice and solutions in corporate recovery and restructuring as well as corporate finance, forensic accounting, investigations and risk consulting. Listed on the London Stock Exchange and employing more than 700 staff across a COMPLAINTS PROCEDURE Complaints Procedure. Begbies Traynor is the UK's market leader in business recovery. With over 100 UK offices and 800 staff we are well positioned to assist you.REGULATORY NEWS
The latest regulatory news from the company including Begbies Traynor Group plc announcements, trading reports, executive changes, andfinancial results.
ESC C16? WHAT IS IT AND WHAT DOES IT MEAN? ESC C16 was an extra-statutory concession widely used by company directors when closing down their business. Prior to legislative changes in 2012, ESC C16 allowed directors to follow a closure process that was both straightforward and tax-efficient. INSOLVENCY PRACTITIONERS COLCHESTER Welcome to Begbies Traynor Colchester. We are a group of licensed Insolvency Practitioners in Colchester offering services to help companies with either rescue or closure options. DANIEL DJANOGLY, PARTNER AT BEGBIES TRAYNOR Daniel is a specialist in accounting, financial and valuation issues in complex business-related disputes, and fraud. As Forensic Accountant he is appointed by claimants, defendants or by both as Single Joint Expert. He is engaged in ADR procedures, High Court and Crown Court litigation, and international commercial arbitration.KARYN PRITCHARD
Karyn Pritchard. Karyn joined Begbies Traynor Group in 2020 from the FD Centre (providers of high-calibre FD services), having previously been with the advisory/restructuring team at a leading accountancy firm in Cambridge and Milton Keynes. With over 20 years’ experience as a qualified accountant and insolvency practitioner, she provides a INSOLVENCY PRACTITIONERS NEWCASTLE Gerald Krasner. With a wealth of experience advising directors and shareholders facing corporate insolvency, Gillian Sayburn is one of the north-east's leading insolvency experts. She's been with Begbies Traynor since 1999, initially working in our Head Office in WHAT ARE THE ADVANTAGES AND DISADVANTAGES OF DEBENTURES? Some of the advantages of using a debenture. Debentures ensure a higher position in the ‘pecking order’ for repayment as a creditor. Otherwise, the loan is unsecured - the position of unsecured creditors near the bottom of the payment hierarchy means a significantly lower chance of I HAVE TAKEN TOO MUCH OUT OF MY COMPANY IN DIVIDENDS Once declared dividends have been paid, they cannot then be cancelled even if they are found to be unlawful. Instead the amount issued should be treated as a loan from the company. As is the nature of a loan, the shareholder is required to pay these funds back to the company in a timely manner. In instances where the recipientshareholder also
BEGBIES TRAYNOR CORPORATE RECOVERY AND PROFESSIONAL SERVICESOUR SERVICESOUR PEOPLE78 OFFICESABOUT USVALUATIONSCAREERS Welcome to Begbies. The UK’s market leader in business rescue and recovery. Providing independent professional advice and solutions in corporate recovery and restructuring as well as corporate finance, forensic accounting, investigations and risk consulting. Listed on the London Stock Exchange and employing more than 700 staff across a COMPLAINTS PROCEDURE Complaints Procedure. Begbies Traynor is the UK's market leader in business recovery. With over 100 UK offices and 800 staff we are well positioned to assist you.REGULATORY NEWS
The latest regulatory news from the company including Begbies Traynor Group plc announcements, trading reports, executive changes, andfinancial results.
ESC C16? WHAT IS IT AND WHAT DOES IT MEAN? ESC C16 was an extra-statutory concession widely used by company directors when closing down their business. Prior to legislative changes in 2012, ESC C16 allowed directors to follow a closure process that was both straightforward and tax-efficient. INSOLVENCY PRACTITIONERS COLCHESTER Welcome to Begbies Traynor Colchester. We are a group of licensed Insolvency Practitioners in Colchester offering services to help companies with either rescue or closure options. DANIEL DJANOGLY, PARTNER AT BEGBIES TRAYNOR Daniel is a specialist in accounting, financial and valuation issues in complex business-related disputes, and fraud. As Forensic Accountant he is appointed by claimants, defendants or by both as Single Joint Expert. He is engaged in ADR procedures, High Court and Crown Court litigation, and international commercial arbitration.KARYN PRITCHARD
Karyn Pritchard. Karyn joined Begbies Traynor Group in 2020 from the FD Centre (providers of high-calibre FD services), having previously been with the advisory/restructuring team at a leading accountancy firm in Cambridge and Milton Keynes. With over 20 years’ experience as a qualified accountant and insolvency practitioner, she provides a INSOLVENCY PRACTITIONERS NEWCASTLE Gerald Krasner. With a wealth of experience advising directors and shareholders facing corporate insolvency, Gillian Sayburn is one of the north-east's leading insolvency experts. She's been with Begbies Traynor since 1999, initially working in our Head Office in WHAT ARE THE ADVANTAGES AND DISADVANTAGES OF DEBENTURES? Some of the advantages of using a debenture. Debentures ensure a higher position in the ‘pecking order’ for repayment as a creditor. Otherwise, the loan is unsecured - the position of unsecured creditors near the bottom of the payment hierarchy means a significantly lower chance of I HAVE TAKEN TOO MUCH OUT OF MY COMPANY IN DIVIDENDS Once declared dividends have been paid, they cannot then be cancelled even if they are found to be unlawful. Instead the amount issued should be treated as a loan from the company. As is the nature of a loan, the shareholder is required to pay these funds back to the company in a timely manner. In instances where the recipientshareholder also
KARYN PRITCHARD
Karyn Pritchard. Karyn joined Begbies Traynor Group in 2020 from the FD Centre (providers of high-calibre FD services), having previously been with the advisory/restructuring team at a leading accountancy firm in Cambridge and Milton Keynes. With over 20 years’ experience as a qualified accountant and insolvency practitioner, she provides a INSOLVENCY PRACTITIONERS NEWCASTLE Gerald Krasner. With a wealth of experience advising directors and shareholders facing corporate insolvency, Gillian Sayburn is one of the north-east's leading insolvency experts. She's been with Begbies Traynor since 1999, initially working in our Head Office in INSOLVENCY PRACTITIONERS LONDON NORTH Welcome to Begbies Traynor London North. We are a group of licensed Insolvency Practitioners in London offering services to help companies with both rescue and closure options. WHAT HAPPENS WHEN A CHARITY IS INSOLVENT? When a charity becomes insolvent, it means that it cannot pay its bills as they fall due. The actions of the charity’s directors and trustees leading up to insolvency will come under scrutiny to establish the cause of its downfall, and allow for any necessary action to be taken.. A number of different charity structures are available in the UK, and in this respect, the ramifications for GARETH PRINCE, PARTNER AT BEGBIES TRAYNOR BIRMINGHAM Gareth Prince. Gareth is a Partner based predominantly in our Birmingham office but covering the whole Midlands region, a Fellow of the Association of Chartered Certified Accountants and a Licensed Insolvency Practitioner. He joined the firm in 2004 having started his career in 2000 and therefore has many years’ experience in corporate HOW DOES TUPE APPLY IN AN ADMINISTRATION PROCESS The rules of TUPE cover employee contracts, including their rights in terms of receiving overdue wages and other outstanding payments, their working hours and other benefits that applied when employed by the old company. Begbies Traynor is the leading corporate recovery firm in the UK, and is available for appointment as administrator. DIFFERENCE BETWEEN COMPULSORY AND VOLUNTARY LIQUIDATION Liquidation is a formal insolvency process in which a liquidator is appointed to 'wind up' the affairs of a limited company. There are a variety of reasons why a business might enter liquidation and this process can be instigated either by the company director(s) (voluntary liquidation) or by a creditor (compulsory liquidation). THE DIFFERENCE BETWEEN SECURED AND UNSECURED CREDITORS When realising assets in insolvency, status is the main difference between secured and unsecured creditors. Secured creditors are generally paid in full from the sale of the asset over which they hold the charge, after the liquidator’s costs have been met. Begbies Traynor is the number one corporate recovery firm in the UK, andoffers a free
WHAT HAPPENS TO INTELLECTUAL PROPERTY RIGHTS DURING Updated: 11th February 2021. Intellectual property (IP) is a complex asset class that requires specialist valuation, but also one that can add considerable value to a company in insolvency. In fact, the total value of a company’s intellectual property portfolio can be a determining factor in the eventual outcome of their insolvency event. CAN I TRADE UNDER A DIFFERENT NAME THAT REGISTERED AT It is possible to officially register a company name at Companies House, but then use one or more ‘trading names’ as required by yourself or your organisation. Some companies trade under different names, with the name registered at Companies House belonging to the original company. This arrangement offers some specific benefits, butthere
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Business rescue advice from your local experts More than 400 staff across 78 offices Find your local office → Join thousands of professionals by signing up for our updates Analysis and Opinion from our Partners Top Industry News Register Now → Coronavirus pushes financially distressed companies over thehalf-million mark
Number of businesses in significant distress stands at 509,000 – the highest number measured by the Red Flag Alert research Read More → BTG Advisory accelerates growth with appointment of four new partners to its London office BTG Advisory, the boutique advisory arm of Begbies Traynor Group announces the appointment of four new partners to its Canary Wharf office Read More → Eighty jobs saved with £1m sale of engineering business South Yorkshire company Newburgh Precision rescued throughadministration
Sale enables 75-year-old business to continue trading Read More → Business rescue advice from your local experts More than 400 staff across 78 offices Find your local office → Join thousands of professionals by signing up for our updates Analysis and Opinion from our Partners Top Industry News Register Now → Coronavirus pushes financially distressed companies over thehalf-million mark
Number of businesses in significant distress stands at 509,000 – the highest number measured by the Red Flag Alert research Read More → BTG Advisory accelerates growth with appointment of four new partners to its London office BTG Advisory, the boutique advisory arm of Begbies Traynor Group announces the appointment of four new partners to its Canary Wharf office Read More →Next
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ARTICLES WE THINK MAY INTEREST YOU. VIEW ALL Scottish football clubs pushed to ‘brink of insolvency’ by coronavirus crisis despite good management and prior healthMay 14th 2020
Scottish football club finances had gained unprecedented stability by the end of March this yearRead more →
Just a handful of British clubs in peril before the shutdown but majority of clubs now face unprecedented financial distress in wake of coronavirus pandemicMay 14th 2020
Football club finances were continuing to grow in stability by Marchthis year
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Begbies Traynor in Hull strengthens team with director promotionMay 5th 2020
Experienced insolvency practitioner Laura Baxter has been promoted to director, based at Begbies Traynor’s growing offices in the Humber region. After joining Begbies Traynor in 2012 as a senior ins…Read more →
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