Begbies Regulatory News (BEG)

2 Nov 2007 07:00

BEGBIES TRAYNOR GROUP PLC 2nd November 2007

Acquisition of Insolvency practice

Begbies Traynor Group plc, (AIM: BEG), the specialist professional services organisation which includes the leading independent, business rescue, recovery, and restructuring specialist in the UK, has acquired the insolvency division of Bartfields (UK) Limited for an undisclosed sum.

The Insolvency Division is led by Gerald Krasner supported by a team of sixteen staff, who will be integrated with the Group's existing Leeds practice shortly after completion.

The acquisition is another move by the Begbies Traynor Group to strengthen its insolvency presence in the Yorkshire and North East region, a market which the Group believes has significant growth potential.

Bartfield & Co was founded in 1927 and has developed significantly over recent years through a combination of acquisition and organic growth. The Insolvency Division specialises in insolvency services to small to medium sized businesses but reaches beyond the Leeds area by sourcing work in Newcastle, London, Lincoln, Liverpool, Chester, and Hull.

Ric Traynor, Executive Chairman of Begbies Traynor Group plc, comments:

"We are delighted that Gerald Krasner and his team have chosen to join the Group; the acquisition of Bartfields insolvency division will significantly enhance the Group's insolvency offering in Yorkshire and the wider North East region".

Gerald Krasner, Director, Bartfields added:

"My team and I are delighted to be joining the Begbies Traynor Group; this move will strengthen the core business and will allow our existing work referrers the opportunity to benefit from additional services now available to them from within the Group".

For further information:

Ric Traynor BegbiesTraynor Group PLC 0161 837 1700

Guy Peters Shore Capital & Corporate Limited 0207 408 4090

Notes to Editors

Begbies Traynor Group is an AIM listed specialist professional services organisation. Providing specific independent, professional advice and solutions to businesses, financial institutions, the accountancy and legal professions and individuals in areas of finance, recovery, investigation and risk management, specialist tax advice and commercial finance

It has nine operating divisions. These cover: business rescue, recovery and restructuring; forensic accounting and valuations services; corporate finance; corporate intelligence and investigations; specialist tax and investigations advice; finance brokerage; security and risk management; and an international network of professionals working with struggling or declining businesses