Hartlepool firm Broadbents Business Recovery Services is set for further growth after being bought out by a professional services consultancy.
Begbies Traynor Group has acquired the insolvency firm, which also has a base in York, for an undisclosed sum.
Dave Broadbent’s ten-strong team will merge with Begbies Traynor’s existing teams following the sale.
Established in August 2010, Broadbents tincludes a licensed insolvency practitioner and three managers who work for clients mainly across the North-east and Yorkshire.
On Teesside, Jonathan Todd and Lorraine Mulgrew of Broadbents will join forces with Ian Royle who heads up Begbies Traynor’s office in Thornaby.
Andrew Haslam, partner in the North-east, will continue to lead the Begbies Traynor team on Tyneside.
Broadbents co-founder Andy Peace will continue to play a key role in the York office, supported by senior manager Ian Gostellow alongside the Begbies Traynor team headed by partner Rob Sadler.
Julian Pitts, regional managing partner for Begbies Traynor in Yorkshire and the North-east, said: “We have remained close to Dave since he left Begbies Traynor to set up his own firm five years ago, and we know how well regarded he is in the North Yorkshire and Teesside business community.
“We wanted to grow our presence in York and on Teesside, and joining forces with Dave and his team will deepen our breadth of expertise and complement our own resources perfectly,” he added.
The Broadbents Hartlepool office will merge with Begbies Traynor’s office in Thornaby, and both will relocate to a new, larger base in the coming months.
The Broadbents York team will relocate to Begbies Traynor’s offices at Clifton Moor in York, taking headcount in the city to 12.
Dave, who has worked in the insolvency sector for almost 20 years, said: “Having built a niche practice specialising in providing quality advice to small businesses and individuals, I would like to reassure our clients that it will be very much business as usual.
“Our commitment to offering an excellent service at a competitive price will continue and the Broadbents team will have the additional benefit of working as part of a larger firm with all the depth of resource that brings.
“Having successfully undertaken a number of joint instructions in recent years, I am confident that we are the perfect fit.” Our Begbies Traynor colleagues will continue to deal with the larger, more complex cases, and we will focus on what we do best, working with smaller, owned and managed businesses and individuals.
“Begbies Traynor is the market leader here, and it makes perfect sense to team up with the colleagues I have known for almost 15 years, and who are committed to expansion and investment in the region.”
Begbies Traynor Group currently has eight offices and employs around 100 staff in Yorkshire and the North-east. The group offers a full range of professional services including insolvency and corporate recovery, restructuring, investigations and risk, and forensic accounting advice.
No comments:
Post a Comment