Mike Day named Director of Begbies Traynor Humber offices

07 September 2020 Consultancy.uk 2 min. read
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Begbies Traynor has strengthened its advisory team with the appointment of a new regional director. Former Lloyds and Bibby finance speciialist Mike Day will now oversee the firm’s Yorkshire and Humber offices.

Commenting on the move, Day said, “Having been born and bred in the Humber region and now living in Doncaster, I am passionate about supporting local businesses and look forward to working alongside Andrew and the advisory team to provide funding expertise.”

More than 100 staff are now employed by Begbies Traynor across Yorkshire, the Humber and the North East. The team provides a wide range of services including fund raising and acquisitions, disposals and sales ledger management, alongside debt restructuring and review, and also supports the group’s Eddisons property and Ernest Wilson business disposal and insolvency divisions.

Mike Day, Regional director at Regbies Traynor

In his new role, Day will work alongside Karl Hodson to help support them in the growing of offices in the Humber region, including Hull, his home town of Grimsby and Scunthorpe, as well as working across the wider Yorkshire region. Day’s career of more than 30 years in the financial services sector will have equipped him with a wealth of experience to do so, and he brings extensive asset-based lending knowledge to the fold.

Andrew Mackenzie, Partner for Begbies Traynor Group in Yorkshire, said, “With his strong commercial acumen and solid track record in operational roles, Mike will be an invaluable addition to our BTG Advisory team. We are confident that he will be able to use his vast business and finance experience to further enhance our offering and commitment to providing value added services to our clients in the Humber region and across Yorkshire.”

For the past seven years, Day has worked for Bibby Financial Services, most recently in the position of head of sales. Prior to this, Day also spent nearly a quarter-century with Lloyds TSB Commercial Finance, latterly as Senior Client Manager and Area Director.

As a leading business recovery, financial advisory and property services consultancy, Begbies Traynor has enjoyed a boom in work over the last year in particular. According to the most recent data from the company, it enjoyed growth of 16% before the end of March 2020 – leading to an estimated annual revenue of £70 million. The news boosted the firm’s expected performance in the year, with profit growth of c.30%, reflecting an increasing number of insolvency appointments in the UK.