Against the backdrop of a succession of football clubs entering administration both north and south of the border, a new study by corporate recovery specialists Begbies Traynor reveals a picture of poor financial health that is affecting a significant proportion of Scottish football clubs and threatens to extend far beyond the current situation at Rangers.
A new survey into the corporate health of the English Football League by Begbies Traynor the corporate recovery specialists, reveals that signs of financial distress are alarmingly widespread among professional football clubs in the Football League.
A new green energy company is proposing to build a £20 million combined heat and power (CHP) plant in Sheffield.The Community Renewable Energy Centre is being developed by the new business Mediena Ltd and its trading arm UYE (UK) Ltd, which have been advised by the BTG Corporate Finance team in Birmingham.
Bob Young, Gerald Krasner and Steve Currie of Begbies Traynor were appointed joint administrators of Port Vale (Valiant 2001) Football Club Ltd on Friday, March 9, 2012, following an order made by the High Court in Birmingham.
On Monday 30 January, Scott McGregor and Ken Pattullo of Begbies Traynor were appointed as provisional liquidators of CDW Ltd based in Hamilton.
Begbies Traynor appointed Administrators for FR Retail Limited t/as Fashion Rocks.
Key findings from the Q3 2011 Begbies Traynor Red Flag Alert statistics include:
A forty year old civil and structural engineering practice which specialises in multi-storey car park design has been sold for an undisclosed sum by joint administrators, Julian Pitts and David Wilson of Begbies Traynor, securing the future of its 13 employees.
A Portsmouth explosives disposal firm, hit by work in Libya failing to materialise following the uprising there, has been sold out of administration.
Ian Walker and John Kelly of national business rescue and recovery specialists Begbies Traynor were today appointed Joint Administrators of GUL International Limited.
Michael Pluta at the Ulm office of Pluta Rechtsanwälte GmbH & Nigel Atkinson &Neil Mather of Begbies Traynor London have been appointed Insolvency Trustees.
Our Media Centre
Read our latest news, expert opinion pieces and articles covering the the professional and financial sector.