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Here you’ll find Begbies Traynor Group news and commentary
Critical corporate financial distress levels jump as cocktail of threats start to take their toll
The latest Begbies Traynor “Red Flag Alert” research, which has examined the financial health of British companies for the past 15 years, highlights the strain two years of extraordinary financial pressures have had on thousands of UK companies.
Elland joinery firm CWC bought out of administration
Joint administrators Bob Maxwell and Louise Longley from Begbies Traynor, who were appointed as joint administrators of Elland commercial joinery and shopfitting firm Crossley Webb Contracts (CWC) on 11 April, have sold the business to the Oak Touch.
Renfrew bus and coach company placed into liquidation
On 6 April 2022 Ken Pattullo and Kenny Craig of Begbies Traynor were appointed as joint provisional liquidators of Gibson Direct Ltd.
14 Jobs Preserved in WRB Solutions Limited Sale to Telenet Technology Services
Mark Malone and Gareth Prince, both Partners at Begbies Traynor in Birmingham, were appointed joint administrators of WRB Solutions Limited on 9 March 2022 after the company faced significantly increased operating costs and mounting creditor pressure duri
Michaela Daly takes the reins at Begbies Traynor In Staffordshire
Experienced insolvency practitioner, Michaela Daly will lead the Begbies Traynor operation in Staffordshire from this month following Diane Dunion’s retirement from the business.
70 jobs saved at North West motor repair firm
SEVENTY jobs have been saved in a deal which sees the business and assets of a North West motor repair chain acquired.
‘Red’ diesel rebate to be scrapped for construction sector from April
With the construction industry already being tested by labour shortages and rising material costs, the upcoming abolishment of the red diesel rebate is yet another unwelcome challenge facing companies and contractors up and down the country.
Ayrshire bus and coach company placed into Liquidation
On 16 February 2022 Ken Pattullo and Kenny Craig of Begbies Traynor were appointed as joint provisional liquidators of John Keenan & Sons (Darwin Garage) Ltd.
Holt Cars Limited
Joanne Hammond and Kris Wigfield of Begbies Traynor were appointed as joint administrators to new and used vehicle retailer Holt Cars Limited on 2nd February 2022.
Businesses braced for insolvency storm to hit home, as pandemic state aid and protection from creditors is shut off
Begbies Traynor’s “Red Flag Alert”, which has monitored the financial health of British companies for the past 15 years, now paints a particularly worrying picture for UK businesses with increasing numbers falling victim to pressures which have been build
Begbies Traynor Group complete the acquisition of Daniells Harrison Surveyors LLP
Begbies Traynor Group plc (the "group"), the business recovery, financial advisory and property services consultancy, today announces that it has completed the acquisition of Daniells Harrison Surveyors LLP ("Daniells Harrison").
Begbies Traynor Red Flag Alert Football Financial Distress Survey (Scotland)
Falling distress levels show Scottish clubs could be ‘immune’ to Covid impact while English leagues face rising financial distress
Begbies Traynor Red Flag Alert Football Financial Distress Survey (England)
Rise of the ‘zombie clubs’ looms with 100% rise in financial difficulties since Covid onset
Begbies Traynor Group’s advisory team strengthened with appointment of Humber-based bank lending expert
Danny Scarr, an experienced banking professional, has been appointed as a director in Begbies Traynor Group’s advisory practice as it builds its offering across the Humber region and East Yorkshire.
562,000 UK Business Facing Financial Distress in Q3 2021 with Dramatic Rise in Court Action Fuelling Insolvency Concerns
The latest red flag research for Q3 2021 from Begbies Traynor, which monitors the financial health of UK businesses has recorded 562,550 businesses in ‘significant financial distress1’, with a 139% uplift in CCJs2 in the past year.
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