Speaking about the acquisition, MAF directors Dave and Sue Chapman, said:

“Today, we are delighted to announce that MAF Finance Group has joined the Begbies Traynor Group Plc.

Begbies Traynor are a leading business recovery, financial advisory and property services consultancy with 87 offices across the UK.

We will continue to trade under the MAF brand as a ringfenced broker and look after our growing client base, but with the all the benefits of being part of a wider group, bringing additional services to our clients and the added value of a national office network across the UK.

Since establishing the business in 2009, our objective has been to put our clients at the heart of everything we do, to add real value to support their growth aspirations and to deliver the very highest level of service.

Creating the right working environment was crucial to how we performed both individually and as a team. Integral to this was our talent development programme and a recognition and collaborative culture which has enabled our team to thrive and feel fulfilled.

We recognised that Begbies Traynor Group had the same approach and that there were a number of synergies between our respective businesses which would allow us to accelerate our own personal growth aspirations.

Many thanks to Austin Moore and Partners LLP who acted for MAF by providing specialist legal advice and handling this transaction so well, and to Botham Accounting who provided support to MAF on its financial accounting.

We would also like to thank all of our clients, funders and staff for their support on our journey so far and with a now, with a new national reach, we will be able to help even more clients across the UK access funding to achieve their goals.”