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.

Leading insolvency and restructuring firm, Begbies Traynor, has bolstered its senior team in Bristol with the appointment of a new partner.

The latest Red Flag Alert research for Q4 2020 has recorded 630,000 businesses in ‘significant distress1’ after the largest numerical quarterly leap (73,000) in financially distressed companies since Q2 2017. This 13% increase (from 557,000 in Q3 2020) co

The government has extended what is effectively a temporary ban on the use of statutory demands or winding up petitions in the context of commercial property leases where tenants cannot afford to pay their rent due to Covid-19.

In the run-up to Christmas, new data from leading insolvency firm, Begbies Traynor, has revealed the full impact of the Covid-19 crisis and tough trading conditions, which shows that nearly 40,000 (39,232) retailers

New research from Begbies Traynor, the UK’s leading independent insolvency firm, reveals the number of businesses in significant1 financial distress has risen to 494,000

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

Begbies Traynor Group plc, the business recovery, financial advisory and property services consultancy, has acquired Regeneratus Consulting 1 Limited, an Exeter-based advisory practice

A conservatory, window and door manufacturer has been sold out of administration by business recovery specialist, Begbies Traynor, safeguarding 19 jobs.