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Begbies Traynor Wins Prestigious CorpComms Award

Begbies Traynor, the UK’s leading business rescue, recovery and restructuring specialist, was awarded Best Financial and Business Media Relations at the CorpComms Awards 2009, for the ongoing promotion of its ‘Red Flag’ statistics, which identify in real time those UK companies with material financial problems.

Donington Park Operators Enter Administration

The company which held the lease over the Donington Park motor racing circuit has entered administration.

Begbies Traynor Says the Worst for Insolvencies is Yet to Come as 134,000 UK Companies Show Material Signs of Financial Distress in Q3 2009

Red Flag Alert is a monitor of early warning signs of company distress by Begbies Traynor, the UK’s leading business rescue, recovery and restructuring specialist. The latest report focussing on Q3 2009 released today contains the following headlines:

Administrator Confirms Sale of Southampton FC to Markus Leibherr

The purchaser is owned and controlled by Markus Liebherr, 61, who is a Swiss national.

Begbies Traynor Red Flag Alert Statistics signal Credit Crunch is biting hard

Credit Crunch resulting in four times as many companies experiencing “Critical Problems”

The UK Recession Continues Unabated According to Red Flag Alert

Some good news as quarter on quarter change in adverse signals is stabilising in some sectors

Struggling Retail sector faces quarterly rent payment crunch day

Begbies Traynor helps to secure Jersey Evening Post Home & Lifestyle Show 2008

The team from business rescue, recovery and restructuring specialist Begbies Traynor (Channel Islands), who were appointed as joint liquidators.

Begbies Traynors Red Flag Alert reveals September worst month yet for UK businesses

More than twice as many companies experiencing ‘critical problems’ since the start of 2008 UK business feeling effects of ongoing economic turmoil IT, manufacturing, rental services and property services sectors showing highest increases .

Begbies Traynor Triumph at Prestigious Business Awards in Newcastle.

The evening, which was organised by the Journal, finished on a fantastic high when the College was awarded Deal of the Year.

Begbies Traynor Group acquires two new businesses

Fanshawe Lofts is a long established and well regarded firm, led by Antony Fanshawe and Rosemary Penn-Newman, both of whom are joining the group as partners. The firm operates from offices in Southampton and Bath, including some corporate finance advisory work. The operations of Fanshawe Lofts will be integrated into the group’s existing southern operations to form a distinct Southern Region and Antony will assume the role of Regional Managing Partner.

Northern Pharmacy Chain Acquired by Alliance Boots

A northeast pharmacy entrepreneur has sold his 25-strong chain of shops and wholesale business to Alliance Boots.

Acquisition of CoyleClarke LLP

Begbies Traynor Group plc (""the Group") (AIM: BEG), the specialist professional services organisation, today announces the acquisition of CoyleClark LLP, a specialist tax investigation practice based in Altrincham, in the North West of England, and with an office in Northern Ireland.

Begbies Traynor Red Flag Alert Statistics Signal Tough Times Ahead

The survey monitors the numbers of companies experiencing difficulties in two categories: “Significant Problems” * and “Critical Problems” **. Of those companies experiencing the more serious “Critical Problems”, Red Flag’s research shows that approximately 15% will enter into a formal insolvency procedure within 12 months. www.redflagalert.com

Conditions have continued to worsen during the last three months in the Retail sector

High Levels Of Financial Stress Comes As No Surprise In A Society Living On Credit

Research from credit reference agency Experian indicates that around three out of 10 people in Glasgow and Manchester experience high levels of financial stress. Other high stress locations include Nottingham, Middlesbrough, Hull and Liverpool.