Begbies Traynor acquires insolvency firm

Diane Dunion

Begbies Traynor has made another acquisition with the purchase of a Stoke-on-Trent firm.

Insolvency practitioners Dunion & Co have become part of the stock market-listed group.

In April Begbies Traynor acquired BSM, a firm of chartered surveyors based in the South East, for £1.4m.

Last month the professional services firm revealed that profits for the year would be ahead of market expectations, causing its share price to jump nearly 20% in a day.

Its latest deal will see the Tunstall-based firm rebrand as Begbies Traynor. It will remain in its existing premises and continue to be headed up by founder, Diane Dunion.

She said: “The opportunity to be part of a hugely successful and growing national brand was really compelling and made for a strong fit with our considerable expertise in the insolvency and restructuring field.

“The addition of such a sizeable corporate professional services firm to Stoke on Trent is welcome news for the city and wider Staffordshire business community at a time when an increasing number of firms are requiring bespoke advice to help them tackle financial and operational challenges.”

Founded in 1989, Begbies Traynor has more than 70 offices across the UK.