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The Latest Breaking News from Begbies Traynor

New Worcester Warriors owners confirmed as crisis-hit club looks to move forward

Former Premiership rugby club Worcester Warriors is officially new ownership after the Atlas consortium completed its takeover of the team following last year's move into administration

Daily Mirror

Warriors taken over by consortium including ex-Worcester chief executive Jim O’Toole

The club entered administration earlier this season, resulting in their expulsion from the Gallagher Premiership.

The Independent UK

Tesco buys Paperchase brand, but shops face closure

75 staff already made redundant at head office, with future of store staff uncertain

Insider UK

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Tesco buys Paperchase brand but not shops, with 800 jobs at risk

Stationery retailer collapses into administration after rising costs and disappointing sales

The Guardian - UK

Paperchase Belfast stores at risk after company falls into administration

The company has 106 stores across the UK and Ireland, putting 820 jobs at risk

Belfast Live

Tesco buys Paperchase brand after retailer falls into administration - but more than 100 stores still at risk

The retailer was previously placed on the market by retail owner Steve Curtis

Manchester Evening News

Paperchase falls into administration with 106 shops at risk

It comes after Paperchase failed to secure a buyer after being placed on the market by retail veteran owner Steve Curtis

Evening Standard

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Hopes remain that Burleighs Gin will still be bought out of administration as scale of debts revealed

Newly released documents show Burleighs was £1.58m in the red when it went under at the start of December

Birmingham Post

'Wealthy' Glasgow businessman bankrupt after failing to repay £400,00 loan from nephew

Paisley Sheriff Court heard that retired Hugh King failed to repay the cash three years after Billy King Jr loaned it to him on the understanding it would be returned months later.

Glasgow Live

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

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

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Birmingham Post

'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

Nottingham Post

Paperchase future uncertain as brand potentially seeks new buyer

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

The Guardian - UK

Paperchase faces uncertain future as owners consider sale

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

Insider UK

Gilson Gray eyes growth with new Dundee office

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

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Birmingham Post

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

Glasgow Live

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.

Daily Record

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.

Birmingham Post

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

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

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