Begbies Traynor Group Adds to Regional Strength with Fanshawe Lofts Acquisition

Begbies Traynor Group plc, the AIM listed specialist professional services organisation, has added to its strength in the region with the acquisition of Southampton and Bath based corporate recovery and insolvency firm, Fanshawe Lofts. Fanshawe Lofts was set up in 1990. The well-established firm provides corporate finance, business turnaround, corporate recovery and insolvency services to small and medium-size businesses and is headed up by Senior Partners, Antony Fanshawe and Rosemary Penn-Newman.

Begbies Traynor Group plc, the AIM listed specialist professional services organisation, has added to its strength in the region with the acquisition of Southampton and Bath based corporate recovery and insolvency firm, Fanshawe Lofts.

Fanshawe Lofts was set up in 1990.  The well-established firm provides corporate finance, business turnaround, corporate recovery and insolvency services to small and medium-size businesses and is headed up by Senior Partners, Antony Fanshawe and Rosemary Penn-Newman.

The acquisition is another move by the Begbies Traynor Group, which has existing regional offices in Southampton, Bournemouth, Salisbury, Bath and Bristol, to strengthen its already well-established presence in the area  - a market which the Group believes has significant growth potential.   

Antony Fanshawe commented:  “We are delighted to be joining Begbies Traynor Group. The move will enable us to benefit from this national, highly respected brand, making us a formidable competitor in this market.”

Julie Palmer, Partner with overall responsibility for the Group’s Southampton, Salisbury and Bournemouth offices, says:  “Fanshawe Lofts is a well established and respected firm and will add significantly to our offering on the South Coast. Our respective services are highly complementary and our combined strength will make us the leading player in our local market.”

Begbies Traynor Group plc has a turnover in excess of £50m employing more than 600 people across a network of regional offices.  It provides independent professional advice and solutions to businesses, financial institutions, the accountancy and other professions and individuals in areas of finance, recovery, investigation and risk management, specialist financial advice and commercial finance. The Group’s international network, Begbies Global Network (BGN) covers over 40 countries