Restructuring news in the UK | Page 10

An overview of news, trends and research in Restructuring consulting in the UK:

Debenhams taps Alvarez & Marsal's Stefaan Vansteenkiste as CEO Troubled UK retailer Debenhams has installed turnaround expert Stefaan Vansteenkiste as its Chief Executive Officer, as it approaches a make-or-break Christmas trading period in late 2019.
15 August 2019
Leonard Curtis installed as Spudulike administrator Insolvency specialists from professional services firm Leonard Curtis have been appointed to oversee the administration of Spudulike.
08 August 2019
FRP replaces KPMG as Patisserie Valerie administrator Following the emergence of conflicts of interest relating to Grant Thornton, the creditors of collapsed café chain Patisserie Valerie have dropped KPMG as administrators.
30 July 2019
Homebase purchases Bathstore out of administration Homebase has successfully secured a deal to acquire Bathstore, rescuing the brand from administration. The sale was overseen by administrators from professional services firm BDO.
26 July 2019
Duff & Phelps secures accessible transport firms Following the administration of a group of charities providing transport in rural areas, Duff & Phelps has announced that it has found a buyer.
24 July 2019
Bolton Wanderers administration hit by player strike The players of Bolton Wanderers have traded barbs with one of the ailing football club’s joint administrators, following the news the team would be taking strike action during pre-season.
22 July 2019
KPMG to help embattled Jack Wills ‘assess all options’ Advisory firm KPMG is set to work with Jack Wills on a possible restructuring, amid talk of a cash crisis at the retailer.
17 July 2019
BDO administrators look to sell Bathstore as going concern Loss-making bathroom specialist Bathstore has appointed administrators, after a gruelling restructuring effort failed to deliver the firm back into profit.
09 July 2019
Daniel Rubin & Partners to administrate development in Everton The company responsible for a construction scheme in Everton has collapsed into administration. Daniel Rubin & Partners will now look to find investors.
08 July 2019
Vijay Merchant joins Birmingham restructuring wing of Duff & Phelps Duff & Phelps has bolstered its restructuring practice in Birmingham, with the appointment of Director Vijay Merchant.
24 June 2019
Quantuma appointed administrator for Brighton short-lets agency A short-term letting agency for holiday homes has closed its doors without warning, leaving holiday makers and landlords scrambling to recoup thousands of pounds from credit card companies.
19 June 2019
Grant Thornton made administrator of Quinn Radiators Close to 300 workers in have lost their jobs in Wales, following the collapse into administration of Quinn Radiators.
17 June 2019
Specialist metals firm appoints Grant Thornton administrators Grant Thornton has been appointed to oversee the administration of specialist metal producer Metalysis.
11 June 2019
RSM administrators appointed by Lendy Peer-to-peer loans company Lendy has fallen into administration, prompting an investigation from the UK’s financial ombudsman.
05 June 2019
Select administrators call for second CVA deal Following its collapse into administration, the administrators of fashion retailer Select have asked landlords to approve a company voluntary arrangement to keep the business from ceasing to trade.
03 June 2019
EY appointed as British Steel administrator British Steel has announced its collapse into administration, following years of turbulence and changing hands between owners on multiple occasions.
28 May 2019
KPMG administrators installed as Jamie's Italian collapses A restaurant chain belonging to celebrity chef Jamie Oliver has become the latest casualty of the UK’s sustained casual dining crunch.
23 May 2019
Duff & Phelps promotes five consultants in restructuring unit Simon Shipperlee, Rob Goodhew, Mike Lennon, Mike Parsons and Martin Gray have been promoted to the role of Director at Duff & Phelps.
21 May 2019
David Rubin & Partners to oversee Bolton Wanderers administration One of the English Football League’s oldest members is on the brink of collapse, following its appointment of administrators at the end of the 2018/19 season.
17 May 2019
One-fifth of UK businesses in financial distress The number of UK businesses in significant financial distress in the first quarter of 2019 has increased, while those under critical distress has ramped up by 17% on last year’s levels.
15 May 2019
Alvarez & Marsal administrates 322-strong care home group Four Seasons Health Care, one of Britain's largest care home groups, has appointed professional services firm Alvarez & Marsal to oversee its administration.
13 May 2019
Debenhams administrator handed legal threat from Sports Direct Earlier in April 2019, the long-suffering high street entity of Debenhams finally collapsed into a pre-pack administration, wiping out equity for shareholders including Sports Direct.
24 April 2019
8 tips for successfully buying or selling a distressed business Embarking on the sale of a business is one of the most challenging experiences a management team can undertake.
18 April 2019
Duff & Phelps appointed for Meridian Metal Trading administration UK steel supplier Meridian Metal Trading has collapsed into administration.
08 April 2019
RSM sells controversial UK wealth manager out of administration RSM has overseen the sale of UK financial advisory firm Mount Sterling Wealth out of administration.
26 March 2019
Deloitte to oversee Office Outlet administration Over 1,000 jobs have been jeopardised by the news that UK stationary store Office Outlet has been placed in administration.
25 March 2019
Grant Thornton named administrator for ‘Welsh Carillion’ Dawnus Following the collapse of Cardiff headquartered outsourcing firm Dawnus Group, the firm has been compared to failed contractor Carillion, while 700 workers have lost their jobs.
22 March 2019
Outsourcer Interserve sold out of administration by EY Administrators from EY have overseen the fire sale of Interserve, after the outsourcer finally collapsed following a year of poor trading.
19 March 2019
Quantuma helps rescue Bradford development project Corporate recovery experts from Quantuma have helped complete a restructuring deal for Xchange House in Bradford.
15 March 2019
Deloitte wins CRH role from Big Four rival Big Four professional services firm Deloitte has secured a new contract as the external auditor of constructions industry manufacturer CRH. The firm will replace rival EY in the role as of 2020.
14 March 2019
Duff & Phelps appointed administrator for insurance comparison site A buyer of assets is being sought for a life insurance comparison site, after it appointed administrators in March 2019.
14 March 2019
Administrators swamped by thousands of Wonga claims More than 40,000 Wonga customers are seeking compensation from the defunct payday lender, according to documents released by the Treasury Committee.
13 March 2019

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