Press Releases
25% Rise in Critical Financial Distress Pushes Almost 40,000 UK Companies Towards Insolvency
The latest Begbies Traynor “Red Flag Alert” report, which has provided a snapshot of British corporate health for the past 15 years, paints a worrying picture for UK businesses as nearly 40,000 companies are revealed to be in a critical financial situation as the pressure of higher interest rates, resilient inflation and weaker consumer confidence take their toll. These pressures are now clearly being seen beyond consumer facing sectors and are becoming widespread, particularly within the construction and property sectors.
Number of North West firms in ‘significant’ financial distress teeters on 50,000
New data released today by Begbies Traynor reveals the number of North West firms operating on the brink is now close to 50,000 as business challenges mount up for SME’s.
Number of Lancashire firms in ‘significant’ financial distress tops 9,000.
New data released today by Begbies Traynor in Preston reveals the number of Lancashire-based firms operating on the brink has risen to more than 9,000 as business challenges mount up for SME’s.
Number of Merseyside firms in ‘significant’ financial distress teeters on 5,000
New data released today by Begbies Traynor in Liverpool reveals the number of Merseyside firms operating on the brink is now close to 5,000 as business challenges mount up for SME’s.
Historic Sheffield manufacturer of precious metal alloys placed into administration
Thessco Ltd, manufacturers of brazing alloys and contact materials since 1760, was placed into administration on 26th October 2023 with Joanne Hammond and Kris Wigfield of Begbies Traynor appointed as joint administrators.
Begbies Traynor gets ready for the Big PNE Sleep Out 2023
Staff from Begbies Traynor in Preston joined up with representatives from The Foxton Centre today to promote their participation in the Big PNE Sleep Out 2023.
Rough economic terrain takes toll on leading motocross dealership
Difficult trading conditions have forced one of the UK’s largest off-road motorcycle dealers to close its Salisbury branch, resulting in the loss of five jobs.
Harrogate family take on Kilimanjaro challenge to raise money for local charity
Harrogate resident Richard Pughe and his family are in training for an expedition to the summit of Africa’s highest mountain, Tanzania’s Mount Kilimanjaro - to raise money for local charity Artizan International.
Love Lane Brewery Ltd enters administration, but Love Lane Brewery Bar & Kitchen continues
A popular Liverpool-based brewery which saw its beer served at the 151st Open golf tournament at Royal Liverpool over the summer has entered into administration.
Forty-six jobs saved after Bristol law firm sold out of administration
Former personal injury specialist Lysander Law Limited has been sold out of administration in a deal that has secured the future of 46 jobs.
Formula K International Limited enters administration
A North Wales based company that supplied go-karts and leisure vehicles for the amusement industry to more than 50 countries around the world has entered into administration after trading successfully for more than 25 years.
Derbyshire furniture manufacturer enters into administration
Long Eaton-based Acclaim Upholstery Company Limited has entered into administration following a difficult trading period. Inflationary pressure saw the bespoke furniture manufacturer struggle with rising costs and the impact of finance repayments, alongside a drop in sales.
Provisional liquidators appointed to developers of prominent Dundee waterfront building
On 20th June 2023, Ken Pattullo and Kenny Craig of Begbies Traynor were appointed as joint provisional liquidators of property development firm Alicydon Limited which had obtained planning permission to redevelop the landmark building, Custom House, on Dundee’s waterfront.
Begbies Traynor's Michaela Daly shortlisted for prestigious award
Michaela Daly, head of the Staffordshire office of Begbies Traynor, has been shortlisted as finalist in the Enterprise Vision Awards (EVAs) 2023 in the category of Employer of the Year.
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