Anniversary special: Begbies Traynor

By Lancashire Business View

15 Mar 2018

begbies-traynor-anniversary-1.jpg
Begbies Traynor is celebrating the 25th anniversary of the opening of its office in Preston. In the quarter of a century that followed the business has become a leading member of Lancashire’s business community and has built up a reputation for its professionalism.

Ian McCulloch is in no doubt when asked to describe the best part of his job. It’s successfully turning around a business that is in trouble and saving jobs in the process. “It is a great feeling,” he explains.

His colleague Dean Watson agrees. “It does feel really good when you’ve protected people’s employment and sold a business as a going concern,” he adds.

“When you go into a business you don’t know what you are going to find and there is nothing better than a successful outcome. No-one wants to go into a business to close it or to make people redundant.”

The team at Begbies Traynor’s Preston office, in the city’s business district, has had plenty of experience in rescuing companies over the past 25 years and its success stories abound.

As members of the UK’s leading business recovery and insolvency firm, the city-based office is celebrating being part of Lancashire’s business community for a quarter of a century this year.

Today, as the practice marks that milestone, Preston has a 30-strong team working not just across the North West of England, but internationally.

As well as its experienced team of corporate insolvency experts, Preston is also home to Begbies Traynor’s personal bankruptcy team.

It specialises in forensic investigative work, centred around personal bankruptcy cases, and has had spectacular success in tracking down both individuals and large sums of cash and assets squirrelled away around the globe.

“We’re here to give them the right solution. We may not tell them what they want to hear, but it is always what they need to hear” The Begbies Traynor story in Preston started back in 1993 with the opening of the office in Winckley Court by the founders of the practice which was then known as Buchler Phillips Traynor.

With a 12-strong team, its mission was to meet the growing demand for the practice’s specialist services in central Lancashire.

It was headed up at the time by Ric Traynor and Andrew Dick, who a quarter of a century later are still heavily involved with what is now a national, stock exchange-listed business which has 40 offices and more than 400 staff.

However, despite that growth and expansion Ian McCulloch, insolvency director and appointment taker in the corporate team in Preston, says the practice’s ethos has never altered since its arrival in the city centre.

“We are a local business,” he explains, “with a national network that supports us. That is how we operate and it is an approach that works.” The practice is active across all sectors and works with businesses of all sizes, from the smallest to regional and national companies.

What they all have in common is they are in some degree of financial distress when the Begbies Traynor team is called in.

Dean Watson, managing partner specialising in corporate insolvency and restructuring, stresses that whatever the size of the business, the key to a successful outcome is calling for help as early as possible.

He says: “Some people in struggling businesses bury their head in the sand for too long. The sooner we are called in the more likely there will be a positive outcome for everyone.

“We want to save jobs, turn things around and sell the company as a going concern, if we can.

“We’re also here to lighten the burden. There can be a great sense of relief when we go into a company, the feeling that something is being done and that the problems are being addressed.”

Ian agrees and adds: “The business owner or management team may have been carrying that burden for months, with growing stress and sleepless nights.

“We’re here to give them the right solution. We may not tell them what they want to hear, but it is always what they need to hear.”

Timeline:

1993: Preston office opens (then Buchler Phillips Traynor)

1996: Sarah Marsden joins the team

1997: Firm changes its name to Begbies Traynor

1999: Dean Watson joins the practice

2001: The office’s first international precedent of note as a UK bankruptcy order is recognised for the first time in Australia

2004: The group is floated on the AIM exchange

2008: Ian McCulloch joins the office

2010: The office creates another first with the use of a UN international protocol in a case that helps recover £1m+ in gold and silver hidden in New Zealand

2016: Dean Watson becomes managing partner, Ian starts taking appointments and heads up the corporate team

2018: 25th anniversary

He points to recent success stories including a locally-based business where almost 60 jobs were saved and a logistics company that was in trouble and which was saved from insolvency without the loss of any of the workforce.

There have been many more similar cases over the past 25 years. The office’s personal bankruptcy team also has its collection of success stories.

These include one massively high-profile case where more than £1m of gold and silver bullion was recovered from its hiding place on the other side of the world. Sarah Marsden, who manages the team, says: “We are involved in a wide range of work in bankruptcy cases, looking to trace assets on behalf of creditors.

“It is fascinating work that involves a lot of forensic and investigative work and can take us to anywhere in the world. It can be complex but it is extremely satisfying.”

Sarah, originally from Longridge, joined the practice after taking her A Levels and Ian, from Preston, arrived at the office a decade ago after working in the personal insolvency field.

Dean has been with the company for almost 20 years, arriving in Preston two years ago from its Manchester operation.

Ian says: “One of the great strengths we have here in Preston is our team. It is a dynamic office that wants to get results and to help businesses and we’ve got a good mix of experienced and younger professionals.

“Business failure is not something people want to talk about.

“However, we like to pride ourselves that our professionalism and our approach helps people in difficult times and that we can and do make a difference.

“We feel our role in the business community is an extremely valuable one." He adds: “We’ve gained a hard won reputation over the past 25 years for our work and that is something everyone in the office is aware of and determined to continue.”

T: 01772 202 000 E: [email protected] W: www.begbies-traynor.com A: 1 Winckley Court, Chapel Street, Preston, PR1 8BU

Latest news

1

PM urged not to retaliate over tariffs Manufacturing

PM urged not to retaliate over tariffs

03 Apr 2025

2

CMAC Group appoints Matthew Ratcliffe as chief operating officer Matthew Ratcliffe CMAC

CMAC Group appoints Matthew Ratcliffe as chief operating officer

03 Apr 2025

3

For sale signs at The Villa Villa Wrea Green has been brought to market (Image credit: The Villa Wrea Green)

For sale signs at The Villa

02 Apr 2025

4

Montane group expands with new Lancashire hub Anthony Rae Scott Murcott And Adam Lee

Montane group expands with new Lancashire hub

02 Apr 2025

5

Trio of wins for Lancaster brand and digital consultancy Tom Grattan MD and Daniel Wallace

Trio of wins for Lancaster brand and digital consultancy

02 Apr 2025

Pc Prestonmacan Gif980x120 March
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
Lancashire Net Zero Carbon Conference
Net Zero Carbon Social 1200px
Networking
18 Jun 2025

Lancashire Net Zero Carbon Conference

Crow Wood Hotel & Spa Resort, Burnley, BB12 0RT

08:30 - 13:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
02 Apr 2025 - 08 Oct 2025

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 15:30

Lancashire Business Expo 2025
https---cdn.evbuc.com-images-880395853-4862066883-1-original.20241022-091152-2.jpeg.jpg
LBV Hub Exhibitions
04 Apr 2025 - 04 Apr 2025

Lancashire Business Expo 2025

Sir Tom Finney Sports Centre, Preston, PR1 2HE

09:00 - 15:00

The Business Network Central & East Lancashire
LBV Hub Networking
24 Apr 2025 - 24 Apr 2025

The Business Network Central & East Lancashire

Stanley House, Blackburn, BB2 7NP

11:30 - 14:15

People Power: Exclusive Event Series
Stay ahead in 2025.jpg.jpg
LBV Hub Seminars
29 Apr 2025 - 29 Apr 2025

People Power: Exclusive Event Series

People's History Museum, Manchester, M3 3ER

17:00 - 21:00

Planning for the future + navigating Inheritance Tax changes
Planning for the future + navigating Inheritance Tax changes for website.png.png
LBV Hub Seminars
01 May 2025 - 01 May 2025

Planning for the future + navigating Inheritance Tax changes

Stanley House Hotel, Mellor, Blackburn, BB2 7NP, Blackburn, BB2 7NP

08:00 - 10:30

A night at the races
1.png.png
LBV Hub Dinners / Balls
02 May 2025 - 02 May 2025

A night at the races

Morecambe FC, Morecambe, LA4 4TB

19:00 - 23:59

Amber River True Bearing quarterly investment seminar
LBV Hub Seminars
22 May 2025 - 22 May 2025

Amber River True Bearing quarterly investment seminar

Cottons Hotel & Spa , Knutsford, WA16 0SU

16:00 - 18:00

Liverpool Business Expo 2025
https---cdn.evbuc.com-images-881365363-4862066883-1-original.20241023-085714.jpeg.jpg
LBV Hub Awards
23 May 2025 - 23 May 2025

Liverpool Business Expo 2025

Aintree Racecourse , Liverpool , L9 5AS

09:00 - 15:00

National Centre for Remote and Rural Medicine Conference 2025
Remote and Rural 3.jpg.jpg
LBV Hub Awards
05 Jun 2025 - 05 Jun 2025

National Centre for Remote and Rural Medicine Conference 2025

North Lakes Hotel and Spa, Penrith, CA11 8QT

09:30 - 17:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more Lbv121 Online Graphic
Subscribe now

Weekly news bulletin