A Somerset printing firm which had experienced challenging trading conditions following the pandemic has been sold out of administration, saving 16 jobs.
Part of the trade and assets of family-owned haulier and logistics provider, Bridgetime Transport Ltd, have been sold out of administration to Monex Group, securing the future employment of the majority of the workforce.
On 6th February 2024, Ken Pattullo and Kenny Craig of Begbies Traynor were appointed as joint administrators of Kirriemuir-based haulage company AAD Transport Ltd.
The UK arm of global eyewear and optician chain, Ollie Quinn UK Limited, has been sold out of administration to OQ Eyewear Limited, with all stores remaining open and safeguarding the jobs of 80 employees.
Huw Powell, Paul Wood and Mark Malone, partners at Begbies Traynor, have been appointed as joint administrators to kitchen and bedroom manufacturer Highlight Green Acres Limited, which traded as Mereway Kitchens.
Following the appointment of Ken Pattullo and Jamie Taylor of Begbies Traynor as joint administrators of Livingston-headquartered Evoframes on 17h January 2024, a sale of the business and assets has been completed, saving all 76 jobs.
Fresh data released today by Begbies Traynor reveals the number of firms on Merseyside starting 2024 on the brink has now surged past 5,000.
Fresh data released today by Begbies Traynor reveals the number of Lancashire firms who have started 2024 on the brink has now surged past 10,000.
Fresh data released today by Begbies Traynor reveals the number of North West firms who have started 2024 on the brink has now surged past 50,000.
As we start 2024, the latest Begbies Traynor “Red Flag Alert” report, which has provided a snapshot of British corporate health for over 15 years, highlights the speed at which critical financial distress is growing in the UK after the second consecutive quarter of c.25% growth.
A long-established Black Country metal finishing business has been sold out of administration, safeguarding the jobs of 28 skilled workers.
With Christmas just around the corner, new data from leading insolvency firm, Begbies Traynor, covering the first 10 weeks of Q4 2023 (1 October to 14 December), has revealed the full impact of the current economic environment on the retail sector in the UK.
A long-established Bath nightclub ceased trading on Monday (4th December), and Begbies Traynor was engaged on Monday 11 December 2023 to assist with the liquidation of the business, which has seen all 26 members of staff being made redundant.
The retail landscape is ever changing and 2024 looks to see no end to the challenges faced by the high street as retailers face the prospect of tempting customers into their stores at a time where consumer confidence is low and discretionary spending power squeezed.
The business and assets of a company, specialising in modular building construction, have been acquired out of administration, safeguarding more than 70 jobs.
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.
Our Media Centre
Read our latest news, expert opinion pieces and articles covering the the professional and financial sector.