Paramount D&B Ltd, one of Wales’ leading office fit out businesses, has ceased trading with Huw Powell and Susan Clay of Begbies Traynor appointed as administrators on 15th July 2024.
Andrew Mackenzie and Louise Longley were recently appointed joint administrators of SH Structures Ltd – a multi-award-winning steelwork business set up in 1992 by the chairman Simon Holden, with approximately 70 staff, based in Sherburn-in-Elmet.
34 jobs have been saved in a deal which sees the sale of a specialist landscaping company as a going concern to a third party.
The Bryn Consortium has completed its purchase of Torquay United following creditor approval of the CVA, which will see all tax debts, football and trade creditors paid in full by the in-coming ownership group within the next six months.
A sale agreement for Torquay United AFC Limited has been reached with The Bryn Consortium of Michael Westcott, Mark Bowes-Cavanagh, Tom Allen, Rob Hawes and Simon Robinson, subject to creditor approval.
The latest Begbies Traynor “Red Flag Alert” research, which has provided a snapshot of British corporate health for over 15 years, highlights the speed at which financial distress has accelerated over the last 12 months, with 554,554 UK businesses now in ‘significant’ financial distress – a 30.8% rise compared to Q1 2023. This deterioration now affects all 22 sectors covered by this latest research.
Begbies Traynor advises on the administration of Elite Emergency Medical Services LTD and the successful pre-pack sale
Folio Print Finishing Limited has been sold out of administration to ATB Folio Print & Packaging Solutions Limited, safeguarding the jobs of all 40 employees.
Scott Kippax, Neil Vinnicombe and Simon Haskew of Begbies Traynor have been appointed as joint administrators of Torquay United AFC Limited. They are legally advised by Robin Koolhoven of Stephens Scown LLP.
As you may be aware, Options Skills Ltd was placed into Creditors’ Voluntary Liquidation on 9 April 2024. Craig Povey and Mark Malone of Begbies Traynor (Central) LLP were appointed as Joint Liquidators on the same date. The Company ceased to trade prior to this date on 17 March 2024.
Begbies Traynor is liaising with the director of Options Skills Limited to review its position. We are unable to provide any further details at this stage, but will provide updates as soon as we have further information that we can share. Any enquiries regarding Options Skills should be sent to [email protected].
A Somerset-based firm which makes high quality furniture to individual specification has been sold out of administration, safeguarding the jobs of 50 employees.
Joint statement by Thomas McKay and Ken Pattullo, Partners at Begbies Traynor
The majority of the business and assets of T.G. Howell & Sons Limited, trading as Terry Howell Timber & Builders’ Merchants, has been sold out of administration to Robert Price (Builders’ Merchants) Limited, securing the jobs of all 53 employees.
Our Media Centre
Read our latest news, expert opinion pieces and articles covering the the professional and financial sector.