An historic 49 bedroomed hotel in the heart of Paisley has been forced into administration under the burden of unsustainable debts.
Business recovery and restructuring specialists Begbies Traynor have been called in as administrators to one of the Southampton’s longest-established building contractors.
Well-known Leicestershire construction company JH Hallam (Contracts) Limited has gone into administration.
Paul Wildes, CEO and Founder of the Alchemy Investment Group and Norman Smurthwaite have today finalised the takeover of Port Vale Football Club with administrators Begbies Traynor.
The Begbies Traynor Red Flag Alert Football Distress Survey, which twice a year scrutinises the corporate health of football clubs, reveals a widening chasm between the financial fortunes of English and Scottish football league clubs.
The most recent Begbies Traynor Red Flag Alert research, published today (19 October), which monitors the financial health of “Corporate UK”, shows a starkly divided nation with marked increases in financial distress amongst businesses based in the North and SMEs, whilst Southern based and larger businesses have shown marked improvements in financial health.
United Carpets Group has acquired the business and assets of its trading subsidiary United Carpets (Northern) Limited out of a pre-pack administration.
Two West Country hotels have been sold by Bristol-based business recovery experts Begbies Traynor, saving more than 40 jobs.
One of Wales’s leading golf clubs is up for sale after going into administration.
More than 30 jobs have been saved after the assets and business of a long-established West Country legal practice were sold by administrators.
Kitley House Hotel Ltd which traded from Kitley House in Yealmpton near Plymouth in South Devon, has gone into administration.
Julie Palmer of business recovery and restructuring specialist, Begbies Traynor commented on today’s GDP figures
While many accountants advocate using director’s loan accounts and dividends as a tax efficient way of paying remuneration, this may not always be advantage
Statement from Bob Young, Gerald Krasner and Steve Currie of Begbies Traynor, joint administrators of Port Vale (Valiant 2001) Football Club Limited.
The latest Begbies Traynor Red Flag Alert statistics, published today (20 April), shows that Britain’s beleaguered pub trade has joined football clubs to become among the country’s most distressed business sectors.
Our Media Centre
Read our latest news, expert opinion pieces and articles covering the the professional and financial sector.