The majority of the business and assets of T.G. Howell & Sons Limited, trading as Terry Howell Timber & Builders’ Merchants, has been sold out of administration to Robert Price (Builders’ Merchants) Limited, securing the jobs of all 53 employees.
A Somerset printing firm which had experienced challenging trading conditions following the pandemic has been sold out of administration, saving 16 jobs.
Part of the trade and assets of family-owned haulier and logistics provider, Bridgetime Transport Ltd, have been sold out of administration to Monex Group, securing the future employment of the majority of the workforce.
On 6th February 2024, Ken Pattullo and Kenny Craig of Begbies Traynor were appointed as joint administrators of Kirriemuir-based haulage company AAD Transport Ltd.
The UK arm of global eyewear and optician chain, Ollie Quinn UK Limited, has been sold out of administration to OQ Eyewear Limited, with all stores remaining open and safeguarding the jobs of 80 employees.
Huw Powell, Paul Wood and Mark Malone, partners at Begbies Traynor, have been appointed as joint administrators to kitchen and bedroom manufacturer Highlight Green Acres Limited, which traded as Mereway Kitchens.
Following the appointment of Ken Pattullo and Jamie Taylor of Begbies Traynor as joint administrators of Livingston-headquartered Evoframes on 17h January 2024, a sale of the business and assets has been completed, saving all 76 jobs.
Fresh data released today by Begbies Traynor reveals the number of firms on Merseyside starting 2024 on the brink has now surged past 5,000.
Fresh data released today by Begbies Traynor reveals the number of Lancashire firms who have started 2024 on the brink has now surged past 10,000.
Fresh data released today by Begbies Traynor reveals the number of North West firms who have started 2024 on the brink has now surged past 50,000.
As we start 2024, the latest Begbies Traynor “Red Flag Alert” report, which has provided a snapshot of British corporate health for over 15 years, highlights the speed at which critical financial distress is growing in the UK after the second consecutive quarter of c.25% growth.
A long-established Black Country metal finishing business has been sold out of administration, safeguarding the jobs of 28 skilled workers.
With Christmas just around the corner, new data from leading insolvency firm, Begbies Traynor, covering the first 10 weeks of Q4 2023 (1 October to 14 December), has revealed the full impact of the current economic environment on the retail sector in the UK.
A long-established Bath nightclub ceased trading on Monday (4th December), and Begbies Traynor was engaged on Monday 11 December 2023 to assist with the liquidation of the business, which has seen all 26 members of staff being made redundant.
The business and assets of a company, specialising in modular building construction, have been acquired out of administration, safeguarding more than 70 jobs.
The latest Begbies Traynor “Red Flag Alert” report, which has provided a snapshot of British corporate health for the past 15 years, paints a worrying picture for UK businesses as nearly 40,000 companies are revealed to be in a critical financial situation as the pressure of higher interest rates, resilient inflation and weaker consumer confidence take their toll. These pressures are now clearly being seen beyond consumer facing sectors and are becoming widespread, particularly within the construction and property sectors.
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