Begbies Traynor Group plc, the AIM listed specialist professional services organisation, has added to its strength in the region with the acquisition of Southampton and Bath based corporate recovery and insolvency firm, Fanshawe Lofts.

Fanshawe Lofts was set up in 1990. The well-established firm provides corporate finance, business turnaround, corporate recovery and insolvency services to small and medium-size businesses and is headed up by senior partners, Antony Fanshawe and Rosemary Penn-Newman.

The acquisition is another move by the Begbies Traynor Group, which has existing regional offices in Southampton, Bournemouth, Salisbury, Bath and Bristol, to strengthen its already well-established presence in the area - a market which the Group believes has significant growth potential.

Antony Fanshawe said: "The move will enable us to benefit from this national, highly respected brand, making us a formidable competitor in this market."

Julie Palmer, partner with overall responsibility for the Group's Southampton, Salisbury and Bournemouth offices, said: "Our respective services are highly complementary and our combined strength will make us the leading player in our local market."

2:00pm Monday 12th May 2008

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