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| Restructuring
An overview of news, trends and research in Restructuring consulting in the UK:
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Alvarez & Marsal
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No news found.
Teneo 'in advanced talks' for Deloitte's UK restructuring arm
The continued saga regarding Deloitte’s UK restructuring business took another turn at the mid-point of February, months after Deloitte’s global leadership supposedly ruled out such a move.
16 February 2021
Begbies Traynor oversees administration of Tucan Travel
Specialist tour operator and travel agency Tucan Travel has collapsed with the loss of nine jobs.
04 February 2021
RSM administrators complete sale of Bonmarché
In late 2020, fashion retailer Bonmarché fell into administration for the second time in 14 months, placing 1,500 jobs at risk.
21 January 2021
Private equity moving in on KPMG's restructuring division
The sale of KPMG UK’s restructuring arm is reportedly progressing at pace, just months after the global leadership of Big Four rival Deloitte vetoed similar efforts in its own British wing.
11 January 2021
Paperchase becomes latest victim of Covid-19 recession
UK stationary firm Paperchase is reportedly on the brink of administration, after muted Christmas sales thanks to Covid-19 restrictions.
11 January 2021
Deloitte to oversee BiFab administration
Administrators from Deloitte have been formally appointed to take control of the insolvent renewables manufacturer.
17 December 2020
Bonmarché appoints RSM for second administration in 18 months
Days after the collapse of retail empire Arcadia, fashion retailer Bonmarché has fallen into administration, placing 1,500 jobs at risk.
07 December 2020
Deloitte named administrator as Arcadia collapses
Arcadia, the scandal-stricken parent firm of Topshop, Miss Selfridge and Burton among others, has appointed administrators from Deloitte.
03 December 2020
FRP Advisory appointed for Peacocks and Jaeger administrations
Peacocks and Jaeger have been placed into administration by parent company EWM Group, putting over 4,700 jobs at risk.
27 November 2020
Quantuma appoints Fred Satow as Director in London
Business advisory firm Quantuma has appointed Fred Satow as a Director in its London team. Satow brings more than 40 years of experience in professional services and insolvency work to the role.
24 November 2020
KPMG appointed to historic silk company administration
A silk company which has been trading in a Suffolk town for almost 250 years has gone into administration.
17 November 2020
Quantuma sells nursing home out of administration
Consultants from Quantuma have completed the sale of a Welsh nursing home for more than £2 million. The deal follows the home’s owner, Gwent Nursing Homes, placing itself into administration more than a year ago.
12 November 2020
Grant Thornton named administrator of glass business
Sarah O’Toole and Jason Bell of Grant Thornton have been appointed administrators of Total Glass.
09 November 2020
Harrogate Councillors call for KPMG report to be made public
A local council is coming under pressure to make a report prepared by consultants from KPMG public.
05 November 2020
Rescuing steel tycoon Pramod Mittal who owed £2.5 billion
How does anyone end up going bankrupt with debts of over £2.
02 November 2020
Following Deloitte, KPMG explores sale of restructuring arm
The UK arm of KPMG is reportedly mooting the sale of its restructuring arm, just months after the global leadership of Big Four rival Deloitte vetoed similar efforts in its own British wing.
29 October 2020
Cinema chain Cineworld calls in AlixPartners and PJT Partners
The world's second-biggest cinema chain Cineworld has brought in a team of consultants from AlixPartners and PJT Partners to help it come through the most challenging period in its 25-year history.
27 October 2020
Duff & Phelps looks to match cash strapped SMEs with investors
Buoyed by heightened demand for its restructuring services, Duff & Phelps has bucked a consulting industry trend by expanding its multifaceted offering throughout 2020.
22 October 2020
BDO may bail out Spanish sister firm after hefty audit fine
The global network of audit and advisory firm BDO – including its UK office – may be forced to bail out its Spanish wing, after it was stung with a massive penalty for its alleged role in an accounting scandal.
13 October 2020
Grant Thornton sells recycling business out of administration
Audit and advisory firm Grant Thornton has sold a South Yorkshire based recycling group out of administration.
13 October 2020
Grant Thornton sells Cylinder Service Centre out of administration
The acquisition of North East automotive maintenance firm The Cylinder Service Centre has preserved 30 jobs in the region.
06 October 2020
Mazars appointed to liquidate international college
MLS International College has collapsed amid the continued Covid-19 pandemic, with liquidators from Mazars being appointed to the Bournemouth-based international college.
05 October 2020
Deloitte Global vetoes plans to sell UK restructuring unit
The prospective sale of Deloitte UK’s restructuring unit has been torpedoed by the Big Four firm’s global leadership.
30 September 2020
Six ways to protect your business from the Covid-19 recession
Both public safety and the global economy are experiencing uncertain times due to the Covid-19 pandemic – not to mention the fact that the UK has entered its second recession in 12 years.
24 September 2020
How Covid-19 is impacting small and mid sized insolvency firms
The unprecedented economic impact of the coronavirus has triggered a wave of insolvency cases across the United Kingdom.
14 September 2020
KPMG appointed by Caffe Nero to find savings
KPMG is understood to be working with Caffe Nero to help the ailing chain negotiate rent cuts.
14 September 2020
Liquidator KPMG withdraws Debenhams redundancy offer
Liquidators from KPMG have been facing off with redundant Debenhams workers in Ireland, withdrawing the firm’s offered payment scheme after the retailer’s staff staged sit in protests across Ireland
11 September 2020
Menswear retailer Moss Bros hires KPMG for restructuring
UK menswear retailer Moss Bros is reportedly undergoing a restructuring process, as it struggles to recoup losses over 2020.
08 September 2020
PwC helps save 2,300 jobs with sale of vehicle repair business
PwC has overseen the sale of Nationwide Accident Repair Services and a number of its subsidiaries, after being appointed for the company’s administration.
07 September 2020
Eligible for UK furlough scheme? FAQ on furloughing employees
Covid-19 and the lockdown in the UK has undoubtedly been one of the most important events in recent history, and it has fundamentally changed the way that we live – at least in the short term.
21 August 2020
PwC and legal advisers help Travelex restructure its debt
Professional services firm PwC has clinched a restructuring deal for Travelex, which appointed administrators earlier in August. The news safeguards around 1,800 jobs in the UK.
17 August 2020
Duff & Phelps to oversee Cruise & Maritime Voyages administration
Cruise & Maritime Voyages has collapsed into administration, ceasing trading with immediate effect across Europe and North America.
27 July 2020
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