Pair promoted to partners as Begbies Traynor team expands
BUSINESS recovery specialists Begbies Traynor have promoted two Birmingham-based directors to the position of partner to serve the Midlands region.
Mark Malone and Gareth Prince, who have been with the firm for a combined total of 25 years, said the move further enhanced Begbies Traynor’s strong position in the region.
They said it was a “logical progression” for the expanding Birmingham office, which is part of the UK’s leading independent insolvency practice and which has also recently appointed two other new members of staff.
Mr Prince, who lives in Lichfield, and Mr Malone, from Worcester, will as partners be responsible for driving future growth and strategy for Begbies Traynor across the Midlands.
Both achieved the Joint Insolvency Examination Board qualification in 2010, having qualified as chartered certified accountants, and were appointed directors three years ago.
Mr Malone said: “This is an excellent opportunity and we are pleased to become partners.
“As well as delivering insolvency and recovery advice, as a group we are also continuing to develop our advisory offering which will bring new opportunities and, in consequence, further growth for our team in the Midlands.”
Mr Prince added: “We are both focused on driving the growth further.
“With the depth of experience we have, we know we’re a team that’s very well equipped to offer advice and support to businesses experiencing any degree of financial distress, whether that be through the group’s advisory and recovery offering or by achieving the best possible outcome through a formal insolvency process.”
John Kelly, regional managing partner for Begbies Traynor in the Midlands, said: “This is excellent news, and part of a strategy that has long been in the planning.
“It is also further demonstration of the strong presence we have in the Midlands, and we are delighted as a firm to be able to implement what is a logical progression for Mark and Gareth whilst also ensuring our goals as the UK’s leading independent business recovery specialists are met.
“This progression is further reflected by our other new recruits, and we look forward to being able to announce more recruits in due course.”
The Birmingham office has handled a large number of different cases, including the high profile sale out of administration of Town and Country Inns plc, which comprised a number of well-known bars and restaurants across the Midlands, and the sale of the Royal Pier, in Aberystwyth.
Begbies Traynor appointed Rob Udell and Laura Malkin as case administrators based at the Birmingham office earlier this year.
We are also continuing to develop our advisory offering which will bring new opportunities