2 minute read
A PIONEERING FORCE IN THE WORLD OF INSOLVENCY
The insolvency industry is uniquely dynamic, maintaining pace with consumers amid a rapidly changing economy. With innovation at the heart of the corporate insolvency market, we look at how our Liverpool team maintain their creative footprint, appetite for growth, and competitive edge.
The competitive edge
Insolvency legislation is complex, with much in the way of legal and regulatory hurdles, which business owners must take heed of to remain on the right side of the law. We cut through the complexities of insolvency law and provide a roadmap out of financial distress to businesses grappling with the risk of insolvency.
Actionable advice, always
While our advice is actionable, practical, and digestible, the golden nugget of advice that can flip the fortunes of a business is early intervention. The earlier insolvency advice is sought, the greater the options will be. Throughout our journey in the insolvency field, we’ve witnessed early intervention play the winning card for businesses each and every time. When in doubt, seek professional help, and when certain, act with immediacy.
A truly in-house offering
The professional needs of a business are naturally varied, which is why a truly multidisciplinary provider can absorb the wider picture and propose comprehensive solutions that directly address the root of the problem.
As an AIM-listed professional services consultancy covering over ten core disciplines, expert advice is always closely on hand. Creative problem-solving is one of our strongest assets and often essential when forging a rescue plan for distressed companies, regardless of their commercial value.
Thoughtful collaborations
Our team engages in thoughtful collaborations and partnerships, including those within the charity sector. We are on the Interim Manager panel of the Charity Commission, through which we provide professional support to charities often overcome by financial pressure, financial mismanagement, or wrongdoing.
A powerful force for change
In contrast to our local-level SME work, our wider team possesses the technical capabilities and experience to advise highly regulated sectors, such as financial services. We have dedicated specialists who provide support to FCA (Financial Conduct Authority) regulated businesses which is in growing demand. This requires direct collaboration with the Financial Conduct Authority, the chief governing body for the financial services market in the UK.
We have a proven track record in guiding the rescue of major FCA-regulated businesses where we have utilised the prepack administration route to retain share and asset value, or a Creditors’ Voluntary Liquidation (CVL) to secure the best outcome for creditors.
Feeding growing demand
There is no exception to trends, even in insolvency. Following an upsurge of ‘debt in death’ cases, we established a deceased insolvent estates division to resolve the debts of deceased persons.
The UK is home to a large ageing population. From care home debts to healthcare debts, managing the insolvent estate of deceased persons is a complex area that we specialise in. Our deceased estates team were highly influential in two leading matters of case law in this field.
Other notable services established in response to changing consumer needs
Jason Greenhalgh and Stephen Berry include the development of our Digital Asset Investigation Unit (DAIU) through our advisory division. The DAIU team investigates and mitigates threats arising from digital assets.
Innovation at the heart
In all that we do, we are duty-bound to secure the best outcome for creditors and stakeholders. To achieve this, we must be highly responsive to market conditions as they are intrinsically linked to insolvency rates, we must be hyper aware of trends on a local level, and we must strive to develop innovative solutions to maintain our position as market leader.
For expert advice on any of the matters addressed, reach out to us or visit the Begbies Traynor Group office in Liverpool.
Jason Greenhalgh, Partner at Begbies Traynor Group, Liverpool T 0151 224 0729
E jason.greenhalgh@btguk.com
Stephen Berry, Partner at Begbies Traynor Group, Liverpool T 0151 459 0528
E stephen.berry@btguk.com www.begbies-traynorgroup.com
