Begbies Traynor recruits head of restructuring

INSOLVENCY FIRM Begbies Traynor has promoted its partner in restructuring, Mark Fry, to head the division.

The listed firm has created the head of insolvency and restructuring role to strengthen its insolvency division. Insolvencies have failed to increase so far this year, which has resulted in below-expected results.

Ric Traynor, executive chairman at Begbies Traynor, said: "[Fry's] appointment follows the group's recent decision to focus on its core skills relating to insolvency and pre-insolvency, restructuring and corporate finance, together with developing its complementary global risk partners business."

Fry (pictured) joined the listed firm in August 2005 as partner when Begbies acquired his Southend-based insolvency practice.

He has worked on several high-profile cases including collapsed tour operator Goldtrail, Hull City Football Club and Southampton FC. Fry has also acted, in an advisory capacity, for 45 of the landlords embroiled in restructuring plans at care home operator Southern Cross.