Press Releases

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Over 600,000 UK firms face financial strain amidst challenging economic climate

The latest Begbies Traynor “Red Flag Alert” research, which has provided a snapshot of British corporate health for almost two decades, reveals a particularly worrying picture as the number of UK companies in ‘significant’ financial distress jumped by nearly 10% in Q2 2024 to 601,950 businesses (Q1 2024: 554,554).

Begbies Traynor Outlines Growth Ambitions with New Birmingham Office

Professional services consultancy, Begbies Traynor, is expanding its presence in Birmingham with new offices at One Temple Row to accommodate its expert team of business recovery specialists and turnaround advisors.

2024 Football Distress Survey English Football League

The March 2024 Football Distress Survey, which has been conducted by business recovery specialist Begbies Traynor since 2012, reports that financial distress is at an all-time low in the English Football League.

2024 Football Distress Survey Scottish Football League

The March 2024 Football Distress Survey, which has been conducted by business recovery specialist Begbies Traynor since 2012, has shown that there were just three clubs (7%) in Scotland’s four top leagues showing signs of financial distress, down by almost two thirds from a total of eight clubs a year ago.

Paramount D&B Ltd Administration FAQ

Susan Clay and Huw Powell were appointed joint administrators of the Company on 15 July 2024 and the Company has ceased trading.

Award-winning office fit out company ceases trading with 43 redundancies

Paramount D&B Ltd, one of Wales’ leading office fit out businesses, has ceased trading with Huw Powell and Susan Clay of Begbies Traynor appointed as administrators on 15th July 2024.

Andrew MacKenzie and Louise Longley appointed joint administrators of SH Structures Ltd

Andrew MacKenzie and Louise Longley were recently appointed joint administrators of SH Structures Ltd – a multi-award-winning steelwork business set up in 1992 by the chairman Simon Holden, with approximately 70 staff, based in Sherburn-in-Elmet.

Begbies Traynor confirms deal which saves 34 jobs

34 jobs have been saved in a deal which sees the sale of a specialist landscaping company as a going concern to a third party.

Administrators handover control of Torquay United to Bryn Consortium

The Bryn Consortium has completed its purchase of Torquay United following creditor approval of the CVA, which will see all tax debts, football and trade creditors paid in full by the in-coming ownership group within the next six months.

Statement from the Administrators of Torquay United AFC Limited

A sale agreement for Torquay United AFC Limited has been reached with The Bryn Consortium of Michael Westcott, Mark Bowes-Cavanagh, Tom Allen, Rob Hawes and Simon Robinson, subject to creditor approval.

Over half a million UK businesses fighting for survival as UK economy stagnates

The latest Begbies Traynor “Red Flag Alert” research, which has provided a snapshot of British corporate health for over 15 years, highlights the speed at which financial distress has accelerated over the last 12 months, with 554,554 UK businesses now in ‘significant’ financial distress – a 30.8% rise compared to Q1 2023. This deterioration now affects all 22 sectors covered by this latest research.

Nearly 500 Frontline Blue Light Medical Jobs Saved

Begbies Traynor advises on the administration of Elite Emergency Medical Services LTD and the successful pre-pack sale

Bristol printing company sold out of administration, saving 40 jobs

Folio Print Finishing Limited has been sold out of administration to ATB Folio Print & Packaging Solutions Limited, safeguarding the jobs of all 40 employees.

Torquay United AFC Limited - Appointment of Administrators

Scott Kippax, Neil Vinnicombe and Simon Haskew of Begbies Traynor have been appointed as joint administrators of Torquay United AFC Limited. They are legally advised by Robin Koolhoven of Stephens Scown LLP.

Options Skills FAQ's

As you may be aware, Options Skills Ltd was placed into Creditors’ Voluntary Liquidation on 9 April 2024. Craig Povey and Mark Malone of Begbies Traynor (Central) LLP were appointed as Joint Liquidators on the same date. The Company ceased to trade prior to this date on 17 March 2024.

Options Skills

Begbies Traynor is liaising with the director of Options Skills Limited to review its position. We are unable to provide any further details at this stage, but will provide updates as soon as we have further information that we can share. Any enquiries regarding Options Skills should be sent to optionsskills@btguk.com.