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City

Creditors head to court as businesses struggle with debts, report shows

Businesses are bracing for the full force of debts accumulated during the pandemic to hit as Covid reliefs unwind, a new report has claimed. Corporate restructuring specialist Begbies Traynor said there have been significant spikes in key indicators ...

28 Jan 2022 at 09:55

City

Firms in critical financial distress across the UK

The latest Red Flag Alert report from Begbies Traynor has revealed that more than 47,000 firms have started 2024 in critical financial distress. Here is a list of the companies seen as being on the edge of collapse by region: London – 14,221 South ...

22 Jan 2024 at 08:57

City

Firms in distress surge amid ‘debt storm’ worries

The number of firms on the brink of collapse jumped by more than a quarter at the end of 2023 as fears grow over a “debt storm” caused by the recent barrage of interest rate rises, a report has warned. The latest Red Flag Alert report from ...

22 Jan 2024 at 11:29

City

Surge in companies facing collapse as Government chases down Covid debts

The number of companies in critical financial distress increased by more than one-third year-on-year at the end of 2022, according to an insolvency specialist which warned of an influx of small businesses teetering on the brink of closure....

24 Jan 2023 at 13:26

City

Jumps in administrations and liquidations boost trading at Begbies Traynor

Business restructuring and advisory firm Begbies Traynor is set to reveal sales and profits ahead of targets after being boosted by a jump in corporate collapses. The Manchester-based firm said it has seen insolvency numbers continue to ...

22 May 2023 at 09:11

Personal Finance

More firms going bust in England and Wales than since 2009

More businesses have gone bust in England and Wales in recent months than since 2009 amid the aftermath of the financial crisis, according to Government figures. The construction, retail and hospitality sectors are among the hardest ...

31 Oct 2023 at 12:43

City

Thousands of retailers close to the brink as consumers tighten belts, report finds

Close to 4,500 retailers are in a critical situation as the run-up to Christmas has not provided the boost that they might have hoped, a new report has suggested. Begbies Traynor said that the companies were facing tough trading ...

21 Dec 2023 at 15:12

City

Begbies Traynor boosts staff levels as it warns of growing insolvencies

A rise in the number of companies going bust in the UK proved good news for insolvency expert Begbies Traynor in recent months as it started hiring more staff to keep on top of what it thinks will be a growing trend. The ...

11 Dec 2023 at 08:07

City

Paperchase collapse and raft of company insolvencies boost Begbies Traynor

Restructuring specialist Begbies Traynor Group says its finances have been boosted by the collapse of Paperchase earlier this year. Begbies Traynor was appointed as administrator after the struggling stationery chain ...

27 Feb 2023 at 10:50

City

Insolvency levels to remain ‘elevated’ into 2025, says Begbies Traynor

Begbies Traynor has warned that insolvency activity will remain “elevated” into 2025 despite improvement in the wider economy. The Manchester-based restructuring firm said higher interest rates and funding ...

09 Jul 2024 at 10:33

City

Company failures will stay high amid surge in wage bills, warns Begbies

Insolvency specialist Begbies Traynor has warned that higher wage bills and prospects for fewer interest rate cuts will keep company failures at high levels, as it revealed its own cost hit from the ...

18 Nov 2024 at 09:15

City

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

The number of UK retailers on the brink of collapse surged by a quarter in recent months, a new report has warned. The strain on the retail sector follows new data showing a drop in the number of ...

27 Dec 2024 at 08:35

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