Begbies Traynor Group

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More than 47,000 UK businesses start 2024 on the edge of collapse after critical financial distress jumps over 25% again

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.

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Deal saves 28 skilled jobs and strengthens black country steel industry

A long-established Black Country metal finishing business has been sold out of administration, safeguarding the jobs of 28 skilled workers.

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4500 UK retailers face an uncertain New Year as the cost-of-living crisis bites before Christmas

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.

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Iconic music venue ceases trading in Bath

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.

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British High Street

What does 2024 hold for the future of the British high street?

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.

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70 jobs saved at Module-AR

The business and assets of a company, specialising in modular building construction, have been acquired out of administration, safeguarding more than 70 jobs.

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Begbies Traynor grows Teesside team by almost 60% as record demand continues

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.

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25% Rise in Critical Financial Distress Pushes Almost 40,000 UK Companies Towards Insolvency

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.

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Number of North West firms in ‘significant’ financial distress teeters on 50,000

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.

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Number of Lancashire firms in ‘significant’ financial distress tops 9,000.

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.

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Number of Merseyside firms in ‘significant’ financial distress teeters on 5,000

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.

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Historic Sheffield manufacturer of precious metal alloys placed into administration

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.

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Staff From Begbies Traynor In Preston Team Up With Jeff Marsh And John Parkinson From The Foxton Centre Ahead Of The Big PNE Sleep Out 2023 Min

Begbies Traynor gets ready for the Big PNE Sleep Out 2023

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.

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Rough economic terrain takes toll on leading motocross dealership

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.

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Begbies Traynor promotes Keeley Lord to Director

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.

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Finance service company

Begbies Traynor - Statement regarding Hamsard 3225 Limited trading as ‘CLC Finance’

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.

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