Leading professional services firm Begbies Traynor Group has promoted Lee Lockwood to partner in its BTG Advisory division. Based in the firm’s Leeds office, he works across the Yorkshire region.

With over 15 years’ restructuring experience, Lee previously worked for Kroll and the majority of his career has been spent working alongside the major clearing banks. He has undertaken a formal secondment with Yorkshire Bank and also headed a project team working within National Australia Bank.

A chartered accountant and Licensed Insolvency Practitioner, Lee joined Begbies Traynor in 2008, rising to the position of director. He has a strong insolvency background, but has always focused on corporate turnaround and recovery assignments. Lee specialises in assisting businesses and stakeholders to restructure and preserve value. This often involves undertaking diagnostic reviews and identifying options to successfully navigate through distressed situations. He also works with lenders to undertaken pre-lends reviews and assess potential lending opportunities.

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. 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.”