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The Latest Breaking News from Begbies Traynor

Scots businessman made bankrupt by own nephew over £400,000 debt

Businessman Hugh King has been declared bankrupt after failing to replay a huge loan to his nephew Billy King Jr.

Daily Record

The thousands of Welsh firms in financial distress

Insolvency firm Begbies Traynor has released its latest quarterly Red Flag Alert report

Birmingham Post

Nottinghamshire carpet company with 5 shops 'taking steps' towards liquidation

The company, which has shops in Gedling, Mapperley, Arnold, Wollaton and West Bridgford, has entered the process of voluntary liquidation.

Nottingham Post

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Steep rise in number of North East companies facing 'critical financial distress'

Research from restructuring and turnaround specialist Begbies Traynor indicates the end of 2022 saw more firms fall in to the category

Birmingham Post

Rising levels of distress detected among Scottish businesses

Latest data shows a 161% year-on-year increase in the number of businesses experiencing ‘critical’ distress

Insider UK

'Calm before the storm' warning as businesses told to brace for crippling impact of inflation

Energy bill support tapering off is a further red flag trigger for an embattled SME community according to recovery specialist

Birmingham Post

Paperchase future uncertain as brand potentially seeks new buyer

The stationery brand is in trouble less then six months after its last buyout

Nottingham Post

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Paperchase faces uncertain future as owners consider sale

Struggling stationery retailer may go in administration less than six months after previous buyout

The Guardian - UK

Gilson Gray eyes growth with new Dundee office

Law firm is looking to expand further in the region via acquisition

Insider UK

New Barratt chairwoman plus jobs news at 200 Degrees, Furnley House, PKF Smith Cooper, BDO, DSA and more

Latest movers and shakers from the East Midlands include Caroline Silver joining UK’s biggest housebuilder

Birmingham Post

Investigators seize £1million Glasgow house linked to bankrupt businessman with '£120million debt'

Insolvency experts have sold the house on the outskirts of the city in a bid to recover some of the money owed by Gregory King after the collapse of his hedge fund.

Glasgow Live

Investigators seize £1m property linked to Scotland's biggest bankrupt businessman

The luxury home in Glasgow is part of assets linked to Gregory King which are being targeted to pay off some of his £120m debt.

Daily Record

Nine SPFL clubs in financial 'distress' over Covid payment cutoff as financial study highlights pain

The number of Scottish clubs on red alert for financial problems has soared throughout the calendar year.

Daily Record

Prospective home owners owed £4.4m face extension to five-year wait after company's administration

Construction at the Salford Quays site was initially expected to be completed in 2018

Birmingham Post

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news in one place.

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Birmingham Post

Somerset horse feed company sold out of administration, saving jobs

The business fell into difficulty following the rise in price of raw materials and a shortage of supplies caused by the war in Ukraine

Birmingham Post

Profits almost double at insolvency specialist Begbies Traynor as bankruptcies rise

Begbies Traynor has offices across the country

Birmingham Post

Administrators called in at Burleighs Gin

Burleighs stopped sales from its website a month ago and now Begbies Traynor have been called in

Birmingham Post

Historic Salisbury garage and car showroom forced to close

Rex Garage had been struggling with ongoing difficulties caused by the pandemic and the cost-of-living crisis

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Daily Mirror

Stricken Worcester Warriors face huge £30m debts as full extent of club’s troubles shown

Worcester Warriors were put into administration in September after being suspended by the RFU from all competitions, and were later relegated from the Premiership

Birmingham Post

Construction firm Jehu goes into administration

The administration process is being overseen by Begbies Traynor

Wales Online

One of Wales' oldest construction firms Jehu formally enters administration

The Bridgend-based family-owned firm said that its financial position has been undermined by spiralling construction sector costs

Birmingham Post

Warning as 17,000 Welsh firms in significant financial distress amid economic turmoil

Begbies Traynor's Red Flag Alert report reveals 17,527 Welsh businesses faced difficulties in Q3 this year

Birmingham Post

One of the oldest construction firms in Wales, Jehu, to enter administration

The businesses within the group have ceased trading with the loss of more than 100 jobs

Wales Online

One of Wales' oldest construction firms, Jehu, set to collapse into administration with 104 jobs lost

Jehu has blamed the situation of spiralling construction costs with 104 staff members losing their jobs

Birmingham Post

North East businesses told to brace for hard times amid bleak economic climate

The warning follows the publication of the latest Red Flag Alert data by advisors Begbies Traynor

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