Begbies secures future of interior design business

Begbies secures future of interior design business

Receivers of a leading Somerset interiors and design company have applauded its management for saving its future and that of its employees by taking early action.

Link: Business recovery stories

Begbies Traynor said it had sold Stuart Interiors out of receivership, saving 30 jobs at the firm. The company went into receivership in May after the directors identified imminent cashflow problems. It was sold to a new company, Stuart Renaissance.

Ian Walker, joint receiver with Andy Beckingham, said: ‘This is a successful outcome for a leading company in a notoriously competitive market. Good management identified a serious problem before it became a crisis, and then sought timely and appropriate help.’

The company will continue to trade from its distinctive base in the Tudor manor house of the National Trust’s Barrington Court.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource