Skip to Main Menu MENU Begbies Traynor Group plc (the "group"), today announces that it has completed the acquisition of CVR Global LLP (“CVR”). The UK's Market Leader Licensed Insolvency Practitioners Affected by Covid-19? 100% Confidential Support Home News Firm News Begbies Traynor Group plc (the "gro... Firm News Ric Traynor - Executive Chairman | January 18th 2021 More News by Ric Traynor Date Published: 18th January 2021 Highlights of the acquisition Represents the largest insolvency acquisition the group has undertaken to date Delivers a significant expansion of the group’s scale in London and the South of England Enhances the group’s existing specialisms in business recovery and financial advisory Adds first overseas offices, enhancing the offering provided by BTG Global Advisory In line with strategy to target value-accretive acquisitions and is expected to be immediately earnings enhancing About CVR CVR is a leading independent firm of insolvency practitioners, forensic accountants and experts in other related complementary disciplines. The firm’s specialisms include restructuring, financial distress, fraud and asset recovery, business disputes, ADR and dispute resolution, and pension covenant reviews. The business operates from seven UK offices in London, Birmingham, Bristol, Southampton, Hove, Medway and Colchester; together with offshore offices in Gibraltar, Jersey, Cyprus and the British Virgin Islands. The team of 90 partners and employees will all join the group and enhance our existing strong network of offices and teams across London and the South of England. In common with our previous insolvency acquisitions, the CVR team will operate as Begbies Traynor and BTG Advisory moving forwards. The CVR specialisms are expected to enhance the group’s offering and include: Significant insolvency expertise with cases largely sourced from professional intermediaries. A strong contentious insolvency practice which will complement the group’s existing practice. Forensic accounting, expert witness and pensions advisory services which will develop our BTG Advisory service line. Established operations in offshore locations which will enhance the offering provided by BTG Global Advisory. Mark Fry, Head of business recovery and advisory of Begbies Traynor Group plc, commented: “The acquisition of CVR significantly increases the scale and specialisms of our business recovery and financial advisory business across London and the South of England, whilst enhancing our overseas capabilities. The CVR team has a similar style and culture to our own and will be a highly complementary fit with our business. “We welcome the team into the group and look forward to working with them.” Ric Traynor, Executive Chairman of Begbies Traynor Group plc, commented: “The acquisition of CVR is our largest insolvency acquisition to date and is expected to be immediately earnings enhancing. The increase in scale and capabilities leaves the group well-positioned to increase its market share and continue to grow its business recovery and financial advisory revenues. “The group continues to consider further acquisition opportunities and organic investments in both of its divisions, in line with our stated strategy.” About the author Ric Traynor Executive Chairman Meet our Team of Experts Ric qualified with Arthur Andersen in 1984 and founded Begbies Traynor in 1989. Ric specialises in practice management and has considerable experience in financial turnaround and dispute resolution within professional practices. Share: Share on Linkedin Share on Facebook Share on Twitter More News 562,000 UK Business Facing Financial Distress in Q3 2021 with Dramatic Rise in Court Action Fuelling Insolvency Concerns Toxic debt held by 52% of all businesses as money owed increased by £1.9tn in 2020 Michaela Daly steps up at Begbies Traynor in Staffordshire Begbies Traynor team gears up for 45-mile bike ride in aid of Lancashire Women’s charity High Court authorises first mid-market restructuring plan in landmark case Despite rising inflation, price of people and debts being called in automotive still has opportunity in this market News Archive 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 Other News Categories Administration Administrative Receivership Advisory Asset Sales Business Health Statistics Career News Commentary Corporate Finance CVA HMRC Insolvency IVA Liquidation Pre Pack Administration Turnaround Investigations Pensions 116 Regional UK Offices Find your local Begbies Traynor office and speak to an adviser today. 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