Business recovery firm Begbies Traynor has promoted two of its Birmingham office staff to appointment-taking director level.

Mark Malone and Gareth Prince’s promotions bring to five the number of partners and directors in the Birmingham office.

Mr Prince, who lives in Lichfield, has worked in Begbies Traynor’s Birmingham office for the past ten years. 

Mr Malone, who hails from Worcester, is also responsible for the development of the firm’s Cheltenham office.

Both achieved the Joint Insolvency Examination Board qualification in 2010, having previously qualified as Chartered Certified Accountants. 

Mr Prince and Mr Malone have been part of the Begbies Traynor team in the Midlands since 2004 and 2005 respectively.

John Kelly, regional managing partner for Begbies Traynor in the Midlands, said the appointments reflected the continued development of the team and the office in Birmingham. 

“I have worked with Mark and Gareth for many years and they have developed a wide experience in corporate recovery procedures and turnaround situations working with directors, banks and other stakeholders of distressed businesses,” he said.

“I am delighted they will both now be available to take appointments, which is a natural development in their careers. 

“The Birmingham office covers a wide range of sectors from traditional manufacturing to professional practices and I look forward to Mark and Gareth’s continued progress in our office.”

Both Mr Prince and Mr Malone have spent time on secondment with two of the UK’s major clearing banks working in business support and special situation functions.

The Birmingham Post has launched a free app for iPad and iPhone. Download it here.