Source - Alliance News

Begbies Traynor Group PLC - Manchester, England-based business recovery, financial advisory and property services consultancy - Acquires Cardiff-based debt advisory and business insolvency firm Jones Giles & Clay, as part of efforts to ‘consolidate its position as the leading business recovery and insolvency practice in the [South Wales] region.’ Directors Susan Clay and Vaughan Jones have joined Begbies Traynor. Company is intent on further South Wales expansion through both strategic acquisitions and recruitment.

Begbies Traynor Executive Chair Ric Traynor says: ‘This is an important step for our practice, bringing in significant hires and increasing our capacity to work with larger clients on complex cases...Vaughan and Susan are well respected in the local business community and by combining our teams we are creating an exciting offering for the South Wales market.’

Current stock price: 123.85 pence, up 10.5% in London on Tuesday

12-month change: down 13%

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