2020 Corporate Recovery
Working in partnership with Begbies Traynor
2020 Corporate Recovery is a partnership between 2020 Innovation and Begbies Traynor, the UK’s leading insolvency firm. They have a long standing reputation for working in partnership with local accounting practices to assist their clients who may be experiencing financial distress and have more than 70 offices across the UK.
Their team of specialists complement the services 2020 members provide to their clients. The nature of their services means that by working in partnership with you they can broaden your service offering and help you build on your existing client relationships.
They only provide insolvency and advisory services and do not offer audit or taxation services, therefore their advice is offered seamlessly in conjunction with your own expertise.
How Begbies Traynor can help
All initial meetings are free of charge. They are happy to discuss any distressed situation with you first on a confidential basis.
They have a highly experienced team of local business rescue and recovery, and insolvency experts ready to help you and your clients’ businesses through this time of unprecedented challenges. They provide locally delivered, sector-specific advice and support when your clients need it most, including:
Business Rescue and Recovery
If you have clients who are experiencing overwhelming debt levels or serious cash flow problems and need specialist help, Begbies Traynor can work alongside your practice as a supportive partner, providing the specialist advice and guidance your clients need. Business recovery is always their primary aim and there are often a variety of options available to company directors in distress; formal insolvency is not the only answer.
Circumstances can dictate that restructuring simply is not a viable option for a distressed company. There may be a number of reasons why a formal insolvency procedure may be the best solution.
Begbies Traynor team of specialists can put forward their expert opinion on which option is right for the business. Formal procedures include Administration, Company Voluntary Arrangement, Compulsory Liquidation, Creditors Voluntary Liquidation, and (for solvent companies) Members Voluntary Liquidation.
If your client is facing personal financial difficulties, Begbies Traynor team of personal insolvency specialists can provide timely and invaluable support to help them stabilise their financial situation.
There are a number of solutions available that can provide a practical, workable solution to debt problems. Obviously, which solution is best depends on your clients personal circumstances. The sooner they are involved, the more options they will have to secure a workable financial solution.
How do I access this advice?
Begbies Traynor are delighted to support 2020 members and have launched a dedicated advice line. Please contact them if you feel that you/your clients could benefit from their assistance. There is no charge for initial meetings and they will do their very best to make themselves quickly available to assist when needed.
You can contact them on:
- T. 0800 012 6257