Sixty-eight jobs in Lincolnshire have been saved following the pre-pack sale of the Burdens Group in a deal negotiated by joint administrators Gareth Rusling and Robert Dymond of Begbies Traynor in Sheffield which completed on 19th August 2024.
The future of direct mail, fulfilment and print specialists, RNB Group, has been secured and the jobs of all 30 employees saved by a sale led by Bob Maxwell and Louise Longley of Begbies Traynor Group which completed on 23 August 2024.
David Knaggs and Richard Larking, the duo of Leeds lawyers who plan to row across the Atlantic in 2025 to raise £100,000 for two Yorkshire charities, have taken to the waters of Tees Bay in their newly-named boat, Brizo.
Twenty jobs and a golf club that dates back more than a century have been saved by a sale led by Bob Maxwell and Robert Dymond of Begbies Traynor Group which completed on 16 July.
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).
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.
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.
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.
Susan Clay and Huw Powell were appointed joint administrators of the Company on 15 July 2024 and the Company has ceased trading.
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 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.
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.
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.
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.
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.
Our Media Centre
Read our latest news, expert opinion pieces and articles covering the the professional and financial sector.