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Here you’ll find Begbies Traynor Group news and commentary
Ayrshire bus and coach company placed into Liquidation
On 16 February 2022 Ken Pattullo and Kenny Craig of Begbies Traynor were appointed as joint provisional liquidators of John Keenan & Sons (Darwin Garage) Ltd.
Holt Cars Limited
Joanne Hammond and Kris Wigfield of Begbies Traynor were appointed as joint administrators to new and used vehicle retailer Holt Cars Limited on 2nd February 2022.
Businesses braced for insolvency storm to hit home, as pandemic state aid and protection from creditors is shut off
Begbies Traynor’s “Red Flag Alert”, which has monitored the financial health of British companies for the past 15 years, now paints a particularly worrying picture for UK businesses with increasing numbers falling victim to pressures which have been build
Begbies Traynor Group complete the acquisition of Daniells Harrison Surveyors LLP
Begbies Traynor Group plc (the "group"), the business recovery, financial advisory and property services consultancy, today announces that it has completed the acquisition of Daniells Harrison Surveyors LLP ("Daniells Harrison").
Begbies Traynor Red Flag Alert Football Financial Distress Survey (Scotland)
Falling distress levels show Scottish clubs could be ‘immune’ to Covid impact while English leagues face rising financial distress
Begbies Traynor Red Flag Alert Football Financial Distress Survey (England)
Rise of the ‘zombie clubs’ looms with 100% rise in financial difficulties since Covid onset
Begbies Traynor Group’s advisory team strengthened with appointment of Humber-based bank lending expert
Danny Scarr, an experienced banking professional, has been appointed as a director in Begbies Traynor Group’s advisory practice as it builds its offering across the Humber region and East Yorkshire.
562,000 UK Business Facing Financial Distress in Q3 2021 with Dramatic Rise in Court Action Fuelling Insolvency Concerns
The latest red flag research for Q3 2021 from Begbies Traynor, which monitors the financial health of UK businesses has recorded 562,550 businesses in ‘significant financial distress1’, with a 139% uplift in CCJs2 in the past year.
Toxic debt held by 52% of all businesses as money owed increased by £1.9tn in 2020
New data from Begbies Traynor Group has found that UK corporate debt soared by £1.9tn in 2020 to £6.6tn, and 52% of UK businesses are now saddled with ‘toxic debt’ that may never be repaid.
Michaela Daly steps up at Begbies Traynor in Staffordshire
Experienced insolvency practitioner, Michaela Daly is stepping up to lead the Begbies Traynor operation in Staffordshire alongside partner Diane Dunion.
Begbies Traynor team gears up for 45-mile bike ride in aid of Lancashire Women’s charity
A trio of cyclists from the Preston office of Begbies Traynor are gearing up to tackle a 45 mile bike ride in aid of a local charity on Sunday 12th September.
High Court authorises first mid-market restructuring plan in landmark case
A restructuring plan for a mid-market company has been approved by the High Court for the first time in a case undertaken by the restructuring team at Begbies Traynor Group.
Despite rising inflation, price of people and debts being called in automotive still has opportunity in this market
Automotive has made it through the last 12 months and come out bruised, but in-tact. However, only now are we starting to see the real impacts on the automotive sector.
650,000 UK Businesses Facing Significant Financial Distress
The latest Red Flag Alert research for Q2 2021 has recorded 650,000 businesses in ‘significant financial distress’ – the second highest distress level ever recorded by this research.
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