New Guernsey Office Follows Hard on the Heels of Success of its Jersey Sister

A move into the Channel Islands by restructuring, forensic accounting and corporate intelligence specialists Begbies Traynor Group has proved so successful that the firm has just announced the launch of a second offshore office – this time in Guernsey.

The AIM listed firm launched its Jersey office in September 2007 and in that time has secured a significant number of instructions in both Jersey and Guernsey demonstrating there is also a clear need for this new office. 

One such instruction was the appointment of the Begbies team as Liquidators of Carlyle Capital Corporation Limited, the Guernsey-based fund which collapsed earlier this year with multi-billion dollar exposure in the US. The assignment required extensive operations in New York and Grand Cayman as well as Guernsey as part of the orderly winding up of the fund.

The Guernsey practice, which will open for business in Le Truchot on 1 July  will, like its Jersey counterpart, specialise in risk mitigation with corporate restructuring and insolvency, forensic and corporate intelligence services delivered to the finance industry in Guernsey.  The team will be working with banks, funds, fiduciaries, trusts and law firms.

The move into Guernsey is the latest initiative in a highly successful programme of expansion by UK- based Begbies Traynor Group which turns over in excess of £50 million operating across financial services, recovery, investigation and risk management, employing more than 600 people from a network of 40 regional offices.

The joint offshore practice will be led by two UK qualified insolvency practitioners who are both also Chartered Accountants.  Adrian Rabet is a Channel Islander born and bred and is also a Certified Fraud Examiner.   Alan Roberts has previously practised insolvency in Guernsey and has been working in corporate intelligence and complex corporate investigation for the past three years.

Alan says:  “The opportunity to return to the Channel Islands and establish an offshore practice was one I was very excited about and have relished.  There is no firm on either island handling the kind of specialisms we offer so there should be plenty of scope for growth.  Adrian and I have really enjoyed the challenges of the last year and are looking forward to taking the business forward across both islands.”