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The Latest Breaking News from Begbies Traynor

Specialist appointed to handle Alex Salmond’s ‘effective bankruptcy’

A trustee in sequestration has been appointed to manage the former Scottish first minister’s affairs following his death in 2024.

Evening Standard

More than 55,000 UK firms in severe distress, research shows

Experts have warned that the upcoming autumn Budget ‘must deliver urgent support to avoid a wave of failures’.

The Independent UK

Over 100 jobs lost as Scottish traffic management firm goes bust

A Scottish traffic management firm has gone bust with over 119 jobs lost ...

The National (Scotland)

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£3m rescue deal saves historic hotel following administration

A £3 MILLION rescue deal has saved an historic 24-room Scottish boutique hotel after it entered administration earlier this year

The National (Scotland)

UK is stuck in a ‘debt doom loop’, says top investor

Hedge fund chief Ray Dalio warns over public finances, saying Britain will be forced into spending cuts and tax rises

The Guardian - UK

Number of UK companies in "critical" financial distress has surged more than 20% in a year

London has by far the most companies in financial distress of any UK region with 17,194 classified as “critical”

Evening Standard

Almost 50,000 firms near collapse amid strain from tax hike, report claims

Labour-intense companies in particular have felt the impact

The Independent UK

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Almost 50,000 firms near collapse amid ‘immense strain’ from tax hike – report

A report by Begbies Traynor found firms in critical financial distress rose by more than a fifth to 49,309 in the second quarter.

Evening Standard

Begbies Traynor boosted by rise in larger scale company failures

The firm saw annual pre-tax profits almost double to £11.5 million from £5.8 million the year before as revenues jumped 12%.

Evening Standard

Firm behind two Scottish wind farms bought after collapsing into administration

THE firm behind two Scottish wind farms has been bought after collapsing into administration ...

The National (Scotland)

Historic family-owned Scottish hotel calls in administrators after 165 years

A HISTORIC Scottish hotel has gone into administration after more than 160 years trading ...

The National (Scotland)

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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The Independent UK

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 Guardian - 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 National (Scotland)

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.

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news in one place.

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The National (Scotland)

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…

Evening Standard

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

The Guardian - UK

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 Independent 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.

Evening Standard

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

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