115,000 businesses waiting an average of 57 days for payment
April 8th 2019
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.
Begbies Traynor acts on restructuring of UK chain of wine bar cafes
March 7th 2019
Julie Palmer and Steve Powell were appointed as joint administrators on Friday 1 March of the Veeno group of companies, which operates a national chain of wine bar cafes including venues in the South West, the Midlands, the North West, Yorkshire and Scotl
481,000 businesses in significant financial distress as winter freeze impacts
January 30th 2019
The number of businesses in ‘significant’ financial distress now stands at 481,000, leaping by 15,000 during Q4 2018, after a winter of uncertainty, according to the latest Red Flag Alert research from Begbies Traynor.
469,000 Businesses In ‘Significant’ Financial Distress
October 25th 2018
The number of UK companies rated as being in ‘significant financial distress’ during Q3 2018 has increased by 5% compared to the same quarter last year, according to the latest Red Flag Alert research data from Begbies Traynor, the UK’s leading independen
Begbies Traynor appoints new head at Southampton office
October 11th 2018
Corporate recovery specialist Begbies Traynor has bolstered its growing team in Southampton with the appointment of a new partner who will head up the business in the city. Steve Powell joins Begbie…
John Lewis Reports First Half Profits Down 99%
September 13th 2018
The John Lewis Partnership has reported profits for the first half of this year down by 98.8 per cent as compared with the same period in 2017.
Drop in Trade Forces Closure of Basingstoke Trampoline Park
August 3rd 2018
A Basingstoke trampoline park has closed with the loss of two full-time jobs and 50 casual positions, along with debts in excess of £700,000.
UK corporate health deteriorates 9%, leaving 472,000 businesses in financial distress
July 23rd 2018
According to Begbies Traynor’s Red Flag Alert research for Q2 2018, which monitors the financial health of UKcompanies, 472,183 businesses were experiencing ‘Significant’ financial distress at t…