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115,000 businesses waiting an average of 57 days for payment
Almost 115,000 businesses waited an average of 57 days for payment in 2018 with more than 1,000 of these subsequently entering insolvency as a result, according to new data from insolvency specialist Begbies Traynor.
Newcastle insolvency firm acquired by Begbies Traynor Group
Begbies Traynor Group plc has acquired insolvency practitioner KRE Corporate Recovery (North East) Limited, based in Newcastle upon Tyne, further strengthening the AIM listed group’s presence in the North East.
Begbies Traynor instructed to act as Joint Liquidators of C&L Sherrington Ltd, which trades as Virginia House Ulverston
Ian McCulloch and Dean Watson of Begbies Traynor have been instructed to act as Joint Liquidators of C&L Sherrington Ltd, which trades as Virginia House Ulverston.
The Christie contractor enters into administration
The construction firm appointed to develop The Christie hospital in Manchester has entered into administration with all the company's assets immediately moving to a new specially formed company.
Begbies Traynor acts on restructuring of UK chain of wine bar cafes
Julie Palmer and Steve Powell were appointed as joint administrators on Friday 1 March of the Veeno group of companies, which operates a national chain of wine bar cafes including venues in the South West, the Midlands, the North West, Yorkshire and Scotland.
West Yorkshire furniture manufacturer placed into administration
Bespoke furniture maker YTM Group, based in Castleford, ceased trading last week after being placed into administration.
Begbies Traynor Group plc strengthens Northern advisory offering with appointment of new partner
Begbies Traynor Group plc has appointed restructuring and corporate finance specialist Martin Barron as a partner in its BTG Advisory team in Leeds.
Begbies Traynor snaps up North East business in £600,000 deal
Begbies Traynor Group plc (the "Group"), the business recovery, financial advisory and property services consultancy, today announces the acquisition of the entire issued share capital of KRE (North East) Limited, a Newcastle based insolvency practice.
Corporate Insolvency Appointments in 2018
The latest analysis of corporate insolvency statistics for 2018 reveals that Begbies Traynor has retained its position as the UK’s leading business recovery practice with regard to total corporate insolvency appointments.
481,000 businesses in significant financial distress as winter freeze impacts
The number of businesses in ‘significant’ financial distress now stands at 481,000, leaping by 15,000 during Q4 2018, after a winter of uncertainty, according to the latest Red Flag Alert research from Begbies Traynor.
Eighty jobs saved with £1m sale of South Yorkshire engineering business
On 22 January 2019, Joanne Hammond and Claire Dowson of Begbies Traynor in Sheffield were appointed as joint administrators of Newburgh Precision in Rotherham with the company immediately being acquired by Ledantech Limited, saving all 80 jobs at the firm
Yorkshire family coach company ceases trading
Long‐established family business John Smith & Sons Ltd ceased trading last week. The directors have instructed Mike Jenkins and David Broadbent of Begbies Traynor to assist with the winding up of the company.
Begbies Traynor appointed liquidators of £300m turnover Omega Travel
An urgent investigation, led by Begbies Traynor, is underway to recover more than £20m owed to creditors of collapsed travel agency firm Omega Travel.
Key appointment at Begbies Traynor’s Birmingham office
Business recovery specialists Begbies Traynor continues to expand its offering in Birmingham with a new key appointment.
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