Begbies Traynor (lse: BEG) (until 1997 known as Traynor & Partners) is a firm specialising in corporate restructuring. They were formed in 1989, expanded through mergers and organic growth and were floated in 2004. The company employs over 700 people and has over 100 offices around the United Kingdom.[1]
History
The company was formed as Traynor & Partners in 1989 by Ric Traynor and Andrew Dick. It traded under this name for eight years, growing during this period to cover much of Northern England. In 1997 Traynor took over London-based firm Begbies, founded by George Begbie, and was renamed Begbies Traynor.[2]
The company was floated on the Alternative Investment Market in August 2004, becoming the first insolvency specialist to do so. It was initially intended that this should occur in July 2004, but was put back by a month. At this point the company had 23 offices and 240 employees.[3]
Begbies benefited from the economic downturn caused by the