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UK Construction SMEs in hot water as funding crisis reaches boiling point

Despite favourable market conditions for the construction sector, the number of Construction SMEs suffering ‘Significant’ financial distress continues to rise as traditional lenders tighten their purse strings, cutting more firms off from vital funding, warns business recovery specialists Begbies Traynor.

Supermarkets Price War Continues To Devastate Food Suppliers

While most of the UK’s largest supermarkets are embarking on turnaround strategies in an attempt to claw their way back to financial health, their means of slashing prices and delaying payments is grinding many food suppliers and smaller high street grocers to the ground, warns business recovery specialists Begbies Traynor.

Election uncertainty stalls business growth as investment dries up

Businesses across the UK have battened down the hatches since the start of the year, holding back investment for growth and initiating recruitment and pay freezes as they await the outcome of May’s General Election, resulting in a state of stagnation across all areas of the economy, warns business recovery specialists Begbies Traynor.

TSG acquisition of North East technology specialist saves jobs

Technology Services Group Limited (TSG) has bolstered its technical offering by acquiring the trade and assets of Aegis IT Limited (Aegis).

Begbies Traynor Appointed as Liquidators of Stockport Finance Firm

Stockport-based loans call centre Cash Finance Direct (Holdings) Limited, trading as Horizon Finance, has been placed into liquidation.

Corporate Insolvency Appointments in 2014

The latest analysis of published corporate insolvency statistics for 2014 reveals that Begbies Traynor has retained its position as the UK’s leading business recovery practice with regard to total corporate insolvency appointments.

Sale agreed for Nottingham residential investment

A majority let apartment block investment close to Nottingham city centre has been sold to a private investor for in excess of the guide of £650,000.

Don Leisure Limited/Don Leisure Holding Ltd

John Kelly and Mark Malone of the Birmingham office of business rescue and recovery specialist Begbies Traynor were appointed joint administrators of Don Leisure Limited and Don Leisure Holdings Ltd on 31 March 2015.

The beautiful game ‘in good health’ as club distress falls to almost nil

In just the second season in which football clubs’ accounts have come under the scrutiny of the Financial Fair Play (FFP) rules, the health of English league clubs has improved significantly, reversing last year’s rise in distress.

Scottish football ‘in good overall health’ despite high-profile wrangles

The Begbies Traynor Red Flag Alert Football Distress Report provides annual snapshots of financial distress in 72 English and 32 Scottish football clubs. South of the border, the report’s latest figures reveal that just three clubs in the English Championship and Leagues One and Two are suffering from serious financial distress.

Gamma Global (UK) Ltd – a statement

John Kelly and Gareth Prince, of the Birmingham office of Begbies Traynor, were appointed joint administrators of Gamma Global (UK) Limited on February 25.

Nottinghamshire plumbing and air conditioning installation company placed into administration

On 5 February 2015 Adrian Graham and Julian Pitts of Begbies Traynor were appointed as joint administrators of Pure-air Building Services Limited.

Crude awakening for oil services companies as significant distress doubles

Historically low oil prices are already pushing smaller oil extraction and services companies into significant distress, before the impact of substantial cuts to the capital expenditure budgets of the major oil companies.