Begbies Traynor strengthens advisory label with Regeneratus

The business advisory services wing of Begbies Traynor has been strengthened with the company’s purchase of UK consultancy Regeneratus. The Exeter-based firm complements Begbies Traynor’s company culture, as it too specialises in restructuring and turnaround work.

Before the purchase of Regeneratus, Begbies Traynor had already undertaken four acquisitions since 2014. With restructuring and insolvency work having stagnated for the firm to an extent, the specialist organisation sought to diversify its offering. Croft Transport Planning & Design joined Begbies Traynor’s transport planning wing, while other firms purchased in that time included property valuation firm Taylors, property auctioneers Pugh & Co and industrial auctioneers and valuers CJM.

While the importance of diversifying its portfolio is still at the forefront of the firm, however, its latest buy is in line with the company’s traditional bread and butter. Joining Begbies Traynor’s advisory label, BTG Advisory, Regeneratus is an Exeter-based consulting firm which boasts particular expertise in restructuring, turnaround and legal issues.

Founded by Rob Insall in 2016, it reported annual revenue of £0.6 million and pre-tax profits of £0.2 million in the latest financial year. The acquisition of the entire issued share capital of Regeneratus will conclude for an initial consideration of £0.5 million in cash, while contingent considerations of up to £1.1 million may become payable, subject to the achievement of stretching financial growth targets for the business in the four-year period directly following completion.

Ric Traynor, Executive Chairman of Begbies Traynor, commented, "This acquisition delivers on our strategy of developing the scale and quality of our businesses and continuing to develop our service offering. Rob has successfully grown his practice over the last three years and we look forward to continuing this development as a part of the broader group.”

The move sees Regeneratus’ entire team, including Rob Insall, join BTG Advisory’s existing South West practice, enhancing the services the company provides to clients across the region. It comes shortly after BTG Advisory also boosted its London outfit, with the addition of four new Advisory Partners. Anthony Brennan joined BTG Advisory from CameronBarney and Paul Davies from Menzies, while Andrew Dalton and Sorca Hunt were promoted to Partner.