562,000 UK Business Facing Financial Distress in Q3 2021 with Dramatic Rise in Court Action Fuelling Insolvency Concerns
October 29th 2021
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.
Toxic debt held by 52% of all businesses as money owed increased by £1.9tn in 2020
October 26th 2021
New data from Begbies Traynor Group has found that UK corporate debt soared by £1.9tn in 2020 to £6.6tn, and 52% of UK businesses are now saddled with ‘toxic debt’ that may never be repaid.
Michaela Daly steps up at Begbies Traynor in Staffordshire
September 15th 2021
Experienced insolvency practitioner, Michaela Daly is stepping up to lead the Begbies Traynor operation in Staffordshire alongside partner Diane Dunion.
Begbies Traynor team gears up for 45-mile bike ride in aid of Lancashire Women’s charity
September 10th 2021
A trio of cyclists from the Preston office of Begbies Traynor are gearing up to tackle a 45 mile bike ride in aid of a local charity on Sunday 12th September.
High Court authorises first mid-market restructuring plan in landmark case
August 20th 2021
A restructuring plan for a mid-market company has been approved by the High Court for the first time in a case undertaken by the restructuring team at Begbies Traynor Group.
Despite rising inflation, price of people and debts being called in automotive still has opportunity in this market
August 17th 2021
Automotive has made it through the last 12 months and come out bruised, but in-tact. However, only now are we starting to see the real impacts on the automotive sector.
650,000 UK Businesses Facing Significant Financial Distress
July 28th 2021
The latest Red Flag Alert research for Q2 2021 has recorded 650,000 businesses in ‘significant financial distress’ – the second highest distress level ever recorded by this research.
Liquidators Appointed for Liverpool School of English
July 14th 2021
A language school in Liverpool which has taught thousands of international students for more than 20 years has ceased trading and entered voluntary liquidation.