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Restructuring news in the UK | Page 11

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

Grant Thornton confirmed for administration of payday loan firm Wonga Controversial pay day lender Wonga has collapsed into administration, following a slew of compensation claims which rocked the company in recent years.
04 September 2018
PwC charged £356 per hour for Carillion insolvency work Big Four firm PwC has been criticised for the hourly rate it has charged for Partners during the administration of Carillion.
03 September 2018
42 digital consultancy jobs saved in Chelsea Apps Factory sale In an uncommon turn of events amid a booming digital consulting industry, Chelsea Apps Factory fell into administration earlier in the summer.
22 August 2018
House of Fraser administrators defend Sports Direct deal House of Fraser administrator EY has come under pressure to justify accepting Sports Direct’s offer to buy the department store.
21 August 2018
RSM to administrate Northern Ireland drinks maker RSM has been called in to administrate a drinks company set up by one of Northern Ireland's best-known industry figures.
30 July 2018
Deloitte to oversee Gaucho administration with 1,300 jobs at stake The latest victim of the continued consumer crunch in the UK looks set to be Argentine-themed restaurant group Gaucho.
23 July 2018
FRP to administrate farmer-owned Angus Cereals The future of a Scottish farming co-operative has been left hanging in the balance, with administrators rushing to find a buyer ahead of the year’s cereal harvest.
18 July 2018
Begbies Traynor administrates GinFestival.com as gin bubble threatens to burst For the best part of a decade, gin sales in the UK have been growing exponentially, however, the collapse of a firm previously riding high on that wave of consumption has suggested that the gin bubbl
13 July 2018
Confidence of executives in crisis management vastly exceeds actual readiness Few executives are following the advice that crisis management shouldn’t start with a crisis, a new survey from Deloitte reveals.
05 July 2018
Duff & Phelps administrates restaurant chain amid poor hospitality spending Duff & Phelps has been appointed as the administrator for collapsed up market dining chain Prescott & Conran.
27 June 2018
Moorfields advises Sunline Direct Mail as firm weighs administration Sunline Direct Mail, which provides print, marketing and direct mail services, is planning to bring in an administrator because of a falling order book.
18 June 2018
Deloitte poised to administrate ailing Poundworld Big Four professional services firm Deloitte is understood to be on the verge of an appointment as Poundworld administrator.
08 June 2018
Why Company Voluntary Arrangements need to be reviewed High street retailers are facing growing pressure from changing consumer behaviour and the e-commerce boom, and as a result a growing number of retailers are falling into administration.
23 May 2018
Landlords could block KPMG's House of Fraser CVA Big Four firm KPMG has worked with UK high-street brand House of Fraser to develop a restructuring plan – however angry landlords could block the scheme, threatening the store’s future.
18 May 2018
Maplin faces store closures as demise leaves creditors owed £150 million UK electronics retailer Maplin is facing store closures, according to PwC administrators, after the store-chain began liquidation proceedings earlier in 2018.
02 May 2018
RSM UK rescues boutique hotel with sale to Leeds entrepreneur The restructuring unit of a leading UK consultancy has given the Leeds hospitality sector a major boost.
26 April 2018
PwC administrators complete Conviviality sale to save thousands of jobs In a deal far less scandalous than it sounds, thousands of jobs have been safeguarded by the sale of Bargain Booze.
13 April 2018
EY appointed administrator for vehicle hire firm Hundreds of UK workers have lost their jobs after a vehicle hire firm collapsed. As TOM Vehicle Rental was forced into liquidation, Big Four firm EY was appointed administrator.
10 April 2018
Johnston Carmichael appointed administrator for Scottish construction companies Two Scottish construction businesses have collapsed into administration with the loss of more than 30 jobs.
09 April 2018
FTI to advise on restructuring as Claire's files for bankruptcy Teen-targetted US jewelery chain Claire’s has become the latest bricks-and-mortar retailer to file for bankruptcy, with FTI Consulting reportedly advising on restructuring of the group.
03 April 2018
Moore Stephens administrates indebted night-club chain Moore Stephens has been appointed the administrator to the company behind four clubs on the same street in Norwich.
23 March 2018
PwC confirms over 60 redundancies at Maplin with controlled closures in sight Professional services giant PwC have confirmed more than 60 jobs will be lost at the head offices of collapsed electronics retailer Maplin.
19 March 2018
AlixPartners to restructure Prezzo while Carluccio's hires KPMG Consultants from AlixPartners and KPMG have been tapped by two ailing members of the UK casual dining scene.
12 March 2018
Former KPMG Partner Richard Heis appointed to helm Steinhoff restructuring A former Head of Restructuring at KPMG has been appointed Chief Restructuring Officer of Steinhoff International.
07 March 2018
Moorfields and PwC appointed administrators, as Toys R Us and Maplin collapse UK high-street chains Toys R Us and Maplin have both collapsed into administration, citing growing debt and uncertainty relating to Brexit as key reasons behind their falls from grace.
05 March 2018
Begbies Traynor hired as Ultimate Foods administrator Cumbrian food producer The Ultimate Food Company has entered administration.
22 February 2018
UK phone maker WileyFox appoints Quantuma as administrator Following a catastrophic 2017 which saw numerous projects either delayed or jettisoned, British-based mobile phone maker WileyFox has entered into administration.
12 February 2018
EY to administrate Carillion as construction outsourcer collapses Controversial outsourcing firm Carillion has finally entered into administration, after extended please to lenders and the UK Government failed to prevent the company’s collapse.
16 January 2018
Corporate advisors consult on near $4 billion restructure of Ocean Rig Corporate and restructuring advisors from AlixPartners, Kalo Advisors, as well as legal experts from Orrick and Sidley, among others, were part of a team that successfully managed to restructure the
31 October 2017
Sainsbury's ups supermarket stakes with 2,000 job cut strategy As part of a £500 million cost-cutting plan, supermarket giant Sainsbury’s has announced that it will give 2,000 staff their marching orders.
25 October 2017
Bon-Ton taps AlixPartners to advise on turnaround efforts Bon-Ton has hired consulting firm AlixPartners to provide operational advice regarding its turnaround efforts, while restructuring advisory PJT consider refinancing of the company’s debts.
09 October 2017
With less crisis around, demand for chief restructuring officers stablises The number of industry experts predicting Chief Restructuring Officers gaining relevance has fallen for the first time in three years.
28 September 2017

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