Corporate Insolvency Appointments For 2013

RNS Number : 1796Z

Begbies Traynor Group PLC

04 February 2014

 



4 February 2014

BEGBIES TRAYNOR CORPORATE INSOLVENCY APPOINTMENTS FOR 2013

The latest analysis of published corporate insolvency statistics for 2013 reveals that Begbies Traynor has retained its position as the UK's leading business recovery practice with regard to total corporate insolvency appointments. Throughout 2013 the firm handled more than 1,000 new cases, including 807 liquidations and 133 company administrations, the most common types of formal insolvency procedure within the UK.

The research was undertaken using data provided by Dun & Bradstreet (comprising data sourced from Companies House, the London Gazette, the Edinburgh Gazette and the Belfast Gazette) as well as information from  "Accountant in Bankruptcy" (official recorder of all corporate insolvency appointments in Scotland).

Ric Traynor, Executive Chairman of Begbies Traynor Group, commented;

"2013 was another difficult year for the insolvency profession, with our own research estimating that overall volumes fell by approximately 10% from 2012 levels. However I am pleased to report that we have maintained our market leading position, handling the largest share of corporate insolvency appointments."

"In addition we are actively seeking out new acquisitions to further increase the number of cases handled by the firm."

"With 34 UK offices, we have greater coverage than any other UK specialist insolvency practice, enabling us to reinforce our local relationships with key intermediaries such as banks, accountants, lawyers and asset based lenders."

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For further information contact:

MHP Communications

Katie Hunt / Jade Neal / Giles Robinson / Ben Griffiths

Tel:      [phone]

Email:  [e-mail]

About Begbies Traynor Group:

Begbies Traynor Group plc is a specialist professional services consultancy providing independent professional advice and solutions to businesses, financial institutions, the accountancy and legal professions and individuals in the areas of recovery, corporate finance, investigations and risk management.  It is listed on AIM (Ticker: BEG).  Further information can be found at: www.begbies-traynorgroup.com.

 

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