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

VARS Technology team up with debt resolution specialists to fight fuel theft David Nichol John Garnett Aydan Jones and Laura Tilley

VARS Technology team up with debt resolution specialists to fight fuel theft

12 Sep 2025

2

University of Lancashire unveils Preston campus installation to celebrate name change University of Lancashire new feature

University of Lancashire unveils Preston campus installation to celebrate name change

12 Sep 2025

3

PM+M welcomes ten new apprentices for 2025 intake Lucy Field, Kate Walsh, Ellie Fisher, Zainab Aswat, Reece Jones, Aisha Bibi Patel, Finley Vila, Uzair Zariwala, Richard Prest, and Charlie Harrison

PM+M welcomes ten new apprentices for 2025 intake

11 Sep 2025

4

ROCCIA strengthens commercial division with senior appointment Andrew Grove

ROCCIA strengthens commercial division with senior appointment

11 Sep 2025

5

Final call for investors: Rossendale community solar project must hit target by November Gary McEwan managing director of Interfloor

Final call for investors: Rossendale community solar project must hit target by November

10 Sep 2025

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
Sub36 Networking - Follow the signs
Sub36 Deaf Village Social1200
Networking
17 Sep 2025

Sub36 Networking - Follow the signs

The Deaf Village, Blackburn, BB2 5EN

10:00 - 12:00

LBV124 September/October Launch Event
MBP Arc Cinema Preston Opening 205
Networking
18 Sep 2025

LBV124 September/October Launch Event

The Arc Cinema, Preston, PR1 2BL

08:30 - 10:30

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

Longridge Soap Box Derby
Screenshot 2025-06-10 090035.png.png
LBV Hub Fundraisers
14 Sep 2025 - 14 Sep 2025

Longridge Soap Box Derby

Berry Lane, Longridge, PR3 3WH

10:00 - 16:30

Preston Tech Connection - The Ultimate Tech Quiz!
Preston Tech Connection Sept 25.png.png
LBV Hub Networking
16 Sep 2025 - 16 Sep 2025

Preston Tech Connection - The Ultimate Tech Quiz!

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:00

The Business Network Central & East Lancashire
LBV Hub Networking
17 Sep 2025 - 17 Sep 2025

The Business Network Central & East Lancashire

Stanley House, Blackburn, BB2 7NP

11:30 - 14:15

Cumbria Business Expo 2025
https---cdn.evbuc.com-images-880461633-4862066883-1-original.20241022-110415.jpeg.jpg
LBV Hub Exhibitions
19 Sep 2025 - 19 Sep 2025

Cumbria Business Expo 2025

Carlisle Racecourse, Carlisle, CA2 4TS

09:00 - 15:00

Preston Freelancer Meet-Up: September
Sept Freelancer (1).png.png
LBV Hub Networking
23 Sep 2025 - 23 Sep 2025

Preston Freelancer Meet-Up: September

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Your Business, Your Region: Making sense of devolution and Local Government Reorganisation
Chorley Council breakfast event new
LBV Hub Networking
23 Sep 2025 - 23 Sep 2025

Your Business, Your Region: Making sense of devolution and Local Government Reorganisation

Worden Hall, Leyland, PR25 3DH

08:00 - 11:00

Speed Networking with BNI
2.png.png
LBV Hub Networking
24 Sep 2025 - 24 Sep 2025

Speed Networking with BNI

Chorley Football Club, Chorley, PR7 3DU

16:00 - 19:00

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) drop-in day
MTD drop in session.jpg.jpg
LBV Hub Seminars
25 Sep 2025 - 25 Sep 2025

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) drop-in day

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) drop-in day, Blackburn, BB1 5QB

10:00 - 16:00

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 LBV 123 Online Graphic
Subscribe now

Weekly news bulletin