Financial distress soars in ‘extremely testing’ UK business environment Economics Although consumer facing firms were hit the worst, levels of distress increased across 20 of the 22 sectors covered in the Red Flag Alert.
Begbies Traynor: Insolvency giant’s revenue nears £140m as it powers to 2027 target results Professional services firm Begbies Traynor revenue has increased by 12 per cent to £136.7m, resulting in a "10 year track record of continual growth" for the firm
Fortress Capital is a Ponzi scheme, administrators claim amid attempt to bankrupt directors Investment Administrators of an investment firm that had been backed by celebrities and footballers have labelled it a Ponzi scheme, and will seek to bankrupt its two directors.
Lunchtime favourite Island Poke sold out of administration June 27, 2024 London-based Hawaiian food chain Island Poke has been sold in a pre-pack administration to a subsidiary of hospitality incubator White Rabbit Fun
Island Poke: London’s hot lunch spot files CVA to High Court May 23, 2024 Island Poke has ask Begbies Traynor to come in and provide advice for the business.
Double-digit growth for Begbies Traynor as business recovery booms May 21, 2024 Professional services restructuring specialist Begbies Traynor reported that revenue will increase by double-digits as the tough economy creates work for the firm
Almost 500 jobs saved as private ambulance company sold out of administration April 22, 2024 Almost 500 jobs have been saved after a private ambulance company was sold out of administration.
Deal agreed to sell 235-acre failed Britishvolt site to US private equity giant Blackstone April 15, 2024 A deal has been agreed to sell the site of failed EV battery business Britishvolt in Northumberland to a US private equity giant.
Japanese retailer Muji eyes up pre-pack administration deal to keep UK stores open March 28, 2024 Japanese retailer Muji is lining up a deal to sell itself out of administration in a bid to keep its UK stores open.
Economy: ‘Situation critical’ warning after huge spike in on the brink businesses January 22, 2024 Nearly 50,000 UK businesses are in a "critical" financial position, according to a new data, as high borrowing costs and inflationary pressures continue to squeeze firms.