The Teesside team of leading rescue and recovery specialist Begbies Traynor has increased its headcount from seven to 11 people over the last six months in response to continuing high levels of demand for its services from SMEs and individuals across the region.
The latest Begbies Traynor “Red Flag Alert” report, which has provided a snapshot of British corporate health for the past 15 years, paints a worrying picture for UK businesses as nearly 40,000 companies are revealed to be in a critical financial situation as the pressure of higher interest rates, resilient inflation and weaker consumer confidence take their toll. These pressures are now clearly being seen beyond consumer facing sectors and are becoming widespread, particularly within the construction and property sectors.
New data released today by Begbies Traynor reveals the number of North West firms operating on the brink is now close to 50,000 as business challenges mount up for SME’s.
New data released today by Begbies Traynor in Preston reveals the number of Lancashire-based firms operating on the brink has risen to more than 9,000 as business challenges mount up for SME’s.
New data released today by Begbies Traynor in Liverpool reveals the number of Merseyside firms operating on the brink is now close to 5,000 as business challenges mount up for SME’s.
Thessco Ltd, manufacturers of brazing alloys and contact materials since 1760, was placed into administration on 26th October 2023 with Joanne Hammond and Kris Wigfield of Begbies Traynor appointed as joint administrators.
Staff from Begbies Traynor in Preston joined up with representatives from The Foxton Centre today to promote their participation in the Big PNE Sleep Out 2023.
Difficult trading conditions have forced one of the UK’s largest off-road motorcycle dealers to close its Salisbury branch, resulting in the loss of five jobs.
Begbies Traynor, the UK’s leading corporate restructuring and insolvency firm, has promoted Keeley Lord to the position of director at its office in Preston.
Bob Maxwell and Julian Pitts have been appointed as Joint Administrators over Hamsard 3225 Limited trading as ‘CLC Finance’ (“the Company”) on 8 August 2023. The Joint Administrators act as agents of the Company and without personal liability.
Begbies Traynor is expanding its operations in South Wales, following the acquisition of Jones Giles & Clay, as it seeks to consolidate its position as the leading business recovery and insolvency practice in the region.
Harrogate resident Richard Pughe and his family are in training for an expedition to the summit of Africa’s highest mountain, Tanzania’s Mount Kilimanjaro - to raise money for local charity Artizan International.
A popular Liverpool-based brewery which saw its beer served at the 151st Open golf tournament at Royal Liverpool over the summer has entered into administration.
Former personal injury specialist Lysander Law Limited has been sold out of administration in a deal that has secured the future of 46 jobs.
A North Wales based company that supplied go-karts and leisure vehicles for the amusement industry to more than 50 countries around the world has entered into administration after trading successfully for more than 25 years.
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