Corporate recovery experts at Begbies Traynor have successfully sold a business out of administration that keeps one of the West Midlands’ best known family business names alive.

The Francis Graves Partnership LLP is the new name of the business that has emerged from The Graves Partnership which went into administration on the appointment of Nigel Price and John Kelly of Begbies Traynor as joint administrators on Friday, October 9.

The new owner is Henry Riley, a construction consultancy formed in 1890 which has its head office in Croydon and offices in Bolton, Bristol, Croydon, Cambridge, Hamilton, Huddersfield, London, Newcastle, Peterborough and Reading.

The new business is part of Riley Consulting, a multi-disciplinary construction and property consultancy consisting of ten businesses that share ownership and management with more than 180 staff across the UK.

The deal rescues the jobs of the remaining 10 employees of The Graves Partnership in Birmingham including Mark Bevan, the former managing d