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The Latest Breaking News from Begbies Traynor

Travel group Tui grows sales as tailor-made package holidays take off

The German business said people are prioritising their holidays ‘even in times of change and economic risks’.

The Independent UK

UK firms ‘could be pushed over edge’ after record rise in financial distress

Consumer-facing sectors such as hotels, leisure and retailers have particularly been under pressure, advisory firm Begbies Traynor said.

Evening Standard

Number of UK retailers on brink of collapse soars by 25%

Report for final three months of year shows pressure driven by rising costs and weak consumer confidence

The Guardian - UK

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UK retailers on brink of collapse surges by a quarter, report warns

The strain on the retail sector follows new data showing a drop in the number of people heading to the shops during Boxing Day sales.

The Independent UK

More UK retailers in critical financial distress; fashion brand Quiz needs more funding soon – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Budget tax rises could push more firms into trouble, says insolvency specialist

National insurance increase and higher interest rates mean company failures will stay high, says Begbies Traynor

The Guardian - UK

Liquidators appointed at firm tasked with building 200 homes for Fife Council

A BUILDING firm who had been due to build more than 200 affordable homes for Fife Council has collapsed.

The National (Scotland)

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Scottish building firm that sacked staff 'by mistake' enters liquidation

A CONSTRUCTION firm which “mistakenly” sacked its workers and had its affordable house building contract ripped up by Fife Council has gone into…

The National (Scotland)

40,000 companies are close to collapse, insolvency experts say — These are the sectors most at risk

Begbies Traynor found that found that 554,554 companies are in significant’ distress and 40,174 in ‘critical’ distress

Evening Standard

London bears the brunt of 'perfect storm' ripping through UK business in 2024

Influential 'Red Flag' report from Begbies Traynor cites rising interest rates, soaring costs and faltering consumer confidence

Evening Standard

More than 47,000 UK businesses on ‘brink of collapse’, warn insolvency experts

25% jump in firms facing ‘critical’ financial distress, with property and construction sectors featuring heavily, says Begbies Traynor

The Guardian - UK

UK insolvencies rising due to high interest rates, says Begbies Traynor

Insolvency specialist recruits more staff as small businesses are hit by tough economic climate

The Guardian - UK

More firms going bust in England and Wales than since 2009

The construction, retail and hospitality sectors are among the hardest hit, Government figures show.

The Independent UK

When will Paperchase products be available in Tesco, and why did the shops close?

Pens, paper, pencils and more - some of it smelly - will be back on shelves

Evening Standard

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Birmingham Post

North East insolvencies jump 50% in last three months, figures show

Almost 12,300 North East businesses were holding overdue invoices on their books last month too

Evening Standard

Insolvency specialist Begbies Traynor sees rise of companies going bust continuing into 2024

But the rise may be slow and steady rather than a sudden jump

The Guardian - UK

UK’s ‘zombie’ firms will be wiped out by interest rates, says insolvency specialist

Begbies Traynor’s profits leap 50% as insolvencies in England and Wales hit a 24-year high

Birmingham Post

Rise in administrations bolsters Begbies Traynor's finances

'We have reported another successful year of continued growth'

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Manchester Evening News

Manchester Food and Drink Festival company collapses after being hit by 'triple whammy'

The organisers said they are taking the 'opportunity to restructure the trading operations and regroup'

Birmingham Post

'Triple whammy' of issues force company behind Manchester Food and Drink Festival into liquidation

The festival has brought a host of world-famous names to Manchester, with the likes of Gordon Ramsay, Jamie Oliver, Tom Kerridge and Michel Roux all having been guests of the festival in past years

Birmingham Post

Insolvencies surge helps Begbies Traynor raise expectations

The group said it has seen a 'good momentum' in new insolvency appointments as well as a 'significant' increase in higher value cases

Manchester Evening News

Covid-19 testing firm owed over £3.5m when it collapsed despite earning millions from pandemic

The business had employed hundreds of staff at its height

Birmingham Post

Covid-19 testing firm that earned millions from pandemic owed over £3.5m when it collapsed

The business had operations in Cumbria and Manchester

Evening Standard

Doubts emerge over Worcester Warriors takeover as Atlas Group look to revive stricken club

Deal to buy rugby club not yet complete despite administrators signing off purchase

Birmingham Post

Begbies Traynor strikes multi-million pound deal for chartered surveyors Banks Long & Co

The national business advisors and restructuring specialist said further acquisitions are also planned

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