Almost half of EFL clubs now in financial distress, with surge in new US and Middle Eastern ownership expected

The latest Begbies Traynor Red Flag alert report, which has provided a snapshot of British corporate health for the past 15 years

Julie Palmer, Julian Pitts and Andrew Hook have been appointed as Joint Administrators over WRFC Trading Ltd (“the Company”) on 27 September 2022. The Joint Administrators act as agents of the Com…

March 2022 Football Distress Survey: Almost half of EFL clubs see continuing financial distress as high levels of debt and rising player wages choke English clubs

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