Begbies Regulatory News (BEG)

05 September 2023

Begbies Traynor Group plc

Acquisition

Begbies Traynor acquires Jones Giles & Clay, and eyes further expansion

Begbies Traynor Group plc, the professional services consultancy, is expanding its operations in South Wales, following the acquisition of Jones Giles & Clay, as it seeks to consolidate its position as the leading business recovery and insolvency practice in the region.

The deal sees Begbies Traynor welcome four experienced team members to the Cardiff-based team, including directors Susan Clay and Vaughan Jones, who were the principals of Jones Giles & Clay and operated as licensed insolvency practitioners.

Both Susan Clay and Vaughan Jones have over 38 years' experience in both personal and corporate insolvency with Susan Clay bringing additional personal insolvency expertise and Vaughan Jones with experience across a wide range of businesses including the charity and third sectors.

Nationally, the Begbies Traynor Group grew by 11% in the past financial year and the South Wales team is focussed on further expanding its operations through recruitment and strategic acquisition. 

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

"This is an important step for our practice, bringing in significant hires and increasing our capacity to work with larger clients on complex cases.

"Directors, Vaughan and Susan are well respected in the local business community and by combining our teams we are creating an exciting offering for the South Wales market."

Susan Clay added: "Begbies Traynor has established a reputation for providing a consistently high-quality offering across the UK, while retaining personal and friendly service at a local level. There has never been a more important time for businesses and individuals to have access to specialist expertise in this area, and Vaughan and I are looking forward to growing our practice with the Begbies Traynor team."

Enquiries please contact:

Begbies Traynor Group plc 0161 837 1700

Ric Traynor - Executive Chairman

Nick Taylor - Group Finance Director

Canaccord Genuity Limited 020 7523 8350

(Nominated Adviser and Joint Broker)

Emma Gabriel

Shore Capital (Joint Broker)  020 7408 4090

Malachy McEntyre / Mark Percy / Anita Ghanekar / James Thomas

MHP Communications 020 3128 8193

Reg Hoare / Katie Hunt / Charles Hirst begbies@mhpc.com 

About Begbies Traynor Group

Begbies Traynor Group plc is a leading professional services consultancy, providing services from a comprehensive network of UK and off-shore locations. Our professional team include licensed insolvency practitioners, accountants, chartered surveyors, bankers and lawyers. We provide the following services to our client base of corporates, financial institutions, the investment community and the professional community:

· Insolvency

o  Corporate and personal insolvency

· Financial advisory

o  Business and financial restructuring; debt advisory; forensic accounting and investigations

· Transactional support

o  Corporate finance; business sales agency; property agency; auctions

· Funding

o  Commercial finance broking; residential mortgage broking

· Valuations

o  Commercial property, business and asset valuations

· Projects and development support

o  Building consultancy; transport planning

· Asset management and insurance

o  Commercial property management; insurance broking; vacant property risk management

Further information can be accessed via the group's website at www.ir.begbies-traynorgroup.com.