Begbies Traynor Group has announced the promotion of Lee Lockwood to partner in its BTG Advisory division.
The chartered accountant and licensed insolvency practitioner joined the firm in 2008, where he later assumed the position of director. He is currently based in the firm’s Leeds office, and works across the Yorkshire region.
Lockwood specialises in assisting businesses and stakeholders to restructure and preserve value, and remains “focused” on corporate turnaround and recovery assignments.
According to the firm, this often involves undertaking diagnostic reviews and identifying options in order to “successfully navigate through distressed situations”.
Lockwood brings with him over 15 years of restructuring experience as well as a “strong” insolvency background, and previously worked for Kroll and alongside major clearing banks.
He has also undertaken a formal secondment with Yorkshire Bank, as well as led a project team working within National Australia Bank.
Julian Pitts, regional managing partner for Begbies Traynor in Yorkshire, said: “Lee’s expertise in assessing financial situations and knowledge of distress has enabled him to guide businesses through difficult situations or to identify the most appropriate procedure to maximise return.
“Over the last 12 years, Lee has worked with SMEs across a variety of sectors and has an impressive track record of providing vital assistance.”
He added: “This promotion is well-deserved recognition of the key role he has played in helping us to strengthen our services across the region.”
Lee Lockwood added: “It’s great to work for an advisory firm with such a strong reputation and to be part of a dynamic team.
“Given the current challenges facing businesses as we start to emerge from lockdown, it’s vital that they have access to expert advice they can trust.”
Begbies Traynor Group currently has nine offices across Yorkshire, the Humber and the North East.