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630,000 UK businesses now in significant financial distress as new lockdown comes into effect
January 21st 2021
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
Moratorium on Statutory Demands and Winding Up Petitions Extended by Government
January 11th 2021
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.
Retail And Hospitality Braces For A Bleak Winter As Covid-19 Takes Its Toll
December 22nd 2020
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
Almost half a million businesses in significant financial distress
January 27th 2020
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
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
Begbies Traynor Acquires Exeter-based Regeneratus Consulting to expand advisory offering
October 10th 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
Abingdon manufacturer sold out of administration
October 2nd 2019
A conservatory, window and door manufacturer has been sold out of administration by business recovery specialist, Begbies Traynor, safeguarding 19 jobs.
30 Jobs saved in Toft Country House Hotel and Golf Course sale
September 12th 2019
Thirty jobs have been saved at Toft Country House Hotel and Golf Course in Bourne, Lincolnshire following a pre-pack administration sale, led by business recovery specialists, Begbies Traynor, to Giri Golf Limited.
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.