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Retailers feel a chill as 27,000 in financial distress

January 6th 2020

In the final days before Christmas, the number of retailers facing significant financial distress has increased to nearly 27,000 during Q4 2019

115,000 businesses waiting an average of 57 days for payment

Almost 115,000 businesses waited an average of 57 days for payment in 2018 with more than 1,000 of these subsequently entering insolvency as a result, according to new data from insolvency specialist Begbies Traynor.

Open Banking opens the floodgates for alternative finance

August 11th 2016

This week the Competition & Markets Authority (CMA) mandated the adoption of Open Banking by early 2018, after a two-year investigation into SME and retail banking.

Commentary on M&S Q4 2015 trading figures by Julie Palmer on BBC Radio 5 Live

January 7th 2016

Begbies Traynor regional managing partner and retail expert Julie Palmer was in the BBC Radio 5 Live studio this morning to discuss the latest trading figures from Marks & Spencer. The figures ha…

Commentary on Black Friday/Cyber Monday

December 1st 2015

Julie Palmer, Partner and retail expert at Begbies Traynor, said: “With most retailers taking the decision to extend Black Friday and Cyber Monday into a full weekend worth of Christmas deals, m…

Commentary on Tesco H1 2015

October 7th 2015

Julie Palmer, Partner at Begbies Traynor, said:“Over a year has passed since Tesco’s £250m overstatement scandal hit the headlines and the Group is still struggling to see light at t…

Commentary on M&S Q1 2015 Trading Statement

Julie Palmer, Partner at Begbies Traynor said: “While CEO Marc Bolland will be buoyed by another quarter of steady sales in M&S’s food division, unfortunately the retailer’s gene…

Commentary on M&S annual profits

Three cheers for Marc Bolland, whose concertina turnaround plan has at last given M&S something to celebrate, after the retailer delivered its first increase in annual profits in four years. Undou…