Restructuring news in the UK | Page 2

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

Arrival selects EY-Parthenon for UK businesses administration Electric vehicle firm Arrival has selected EY-Parthenon for the administration of its UK wing. The firm will continue production in the US.
15 February 2024
P2P lenders' wind-down plans are in the FCA cross hairs The UK’s regulators are changing their focus around peer-to-peer lenders, with a number of collapses having highlighted their risk to investors.
07 February 2024
Quantuma appointed to administration of P2P lender ABLRate Peer-to-peer lender ABLRate has fallen into administration, following a period of financial uncertainty. Professionals from Quantuma are now undertaking the winding down of its loan portfolio.
26 January 2024
BDO selected for mountain bikes administration Two mountain bike manufacturers in West Yorkshire have gone into administration.
23 January 2024
Viaplay shareholders approve financial restructuring plan The online sports broadcaster which holds the rights to Scotland’s League Cup and URC Rugby has approved a restructuring plan, with new joint-majority owners.
12 January 2024
Interpath to oversee meat-alternative VBites administration VBites has become the latest alternative-protein firm to collapse in the UK market. Administrators have been appointed from Interpath Advisory, with 24 jobs already lost.
10 January 2024
Alvarez & Marsal delivers sale of Purity Brewing Independent real ale brewery Purity Brewing has been bought out of administration by the Breal Group. The deal was overseen by administrators from Alvarez & Marsal.
08 January 2024
Opus swoops for restructuring firm SKSI Opus Business Advisory Group has purchased SKSI and its subsidiary MLM CPS. The insolvency specialists will join the specialised Opus Restructuring of the company.
02 January 2024
Petrofac hires Moelis and Teneo to advise financial restructuring The board of London-listed energy services company Petrofac has selected Moelis & Company and Teneo as advisors to its major restructuring overhaul.
18 December 2023
Eight Advisory opens first office in the US As the firm continues to grow its global offering, Eight Advisory has established a new office in New York. The move sees Eight Advisory open its first presence on the other side of the Atlantic.
30 November 2023
WeWork hires Alvarez & Marsal for lifeline restructuring Beleaguered ‘unicorn’ WeWork has appointed restructuring specialists from Alvarez & Marsal, as it seeks a lifeline for its floundering business.
30 August 2023
PwC selected for Wilko administration UK high-street stalwart Wilko has fallen into administration, after an extended period of poor trading.
16 August 2023
Pre-pack sale saves jobs at model retailer Ripmax Online model retailer Ripmax has been sold out of administration, protecting more than 20 jobs. The sale was overseen by administrators from restructuring specialist Quantuma.
07 August 2023
Interpath chosen for Tuffnells Parcel Express administration A major UK courier service has appointed administrators, citing the cost of inflation and increasing competition as factors contributing to its downfall.
15 June 2023
Rolls-Royce taps McKinsey for organisational restructuring Rumours have begun circulating that Rolls-Royce may be heading for a round of job cuts.
13 June 2023
ReSolve to oversee administration of rugby club London Irish London Irish has become the second top-tier rugby union club in a year to fall into administration, following a financial crisis that saw it suspended from all leagues for the following season.
13 June 2023
Cork Gully expands portfolio with asset management offering London-based financial advisory and restructuring firm Cork Gully has extended its portfolio of services with a new asset management offering.
08 June 2023
Grant Thornton picked for Fife recycling administration A recycling plant in Scotland has fallen into administration, less than a year after it opened. Grant Thornton will now seek a buyer for the facility’s assets.
27 April 2023
Moorfields selected for David's Bridal UK administration The UK wing of David’s Bridal has followed its US parent into insolvency proceedings. The firm’s British outlets installed administrators from Moorfields Advisory in mid-April 2023.
20 April 2023
Opus selected for automotive refurbisher administration Land Rover Defender restorer Spirit of 48 fell into administration along with its parent company, ARM Automotive Yorkshire in early 2023.
05 April 2023
Interpath data and technology wing celebrates first-year growth Interpath Advisory is celebrating the first year in business of its data and technology practice.
28 March 2023
RSM to oversee All Saints Construction liquidation Following a winding up order, North East contractor All Saints Construction is set to be liquidated. The process will be undertaken by professionals from RSM UK.
13 March 2023
Tolent selects Interpath for administration North East construction firm Tolent has fallen into administration, seeing hundreds of jobs lost across the region.
17 February 2023
A&M to oversee Aartee Bright Bar administration Administrators Alvarez & Marsal have been appointed to UK steel firm AarteeBright Bar.
15 February 2023
Flybe grounded by second administration since 2020 UK airline Flybe has fallen into administration for the second time in three years. Professionals from Interpath Advisory are overseeing the process.
02 February 2023
December insolvency stats cap year to forget for UK business In 2022, the UK averaged around 2,000 insolvencies per month, with figures continuing to rise in December.
01 February 2023
Complete Business Solutions sold to EVO preserving 600 jobs Business supplies firm Complete Business Solutions Group has been sold out of administration by professionals from EY-Parthenon. The move is reported to have saved more than 600 jobs across the UK.
16 January 2023
Leigh Adams selected for Bobby Charlton academy liquidation A football school set up by Manchester United and England legend Bobby Charlton has collapsed into administration.
11 January 2023
Clothing retailer M&Co tasks Teneo with administration Clothes retailer M&Co has installed administrators from Teneo. The news comes as the company collapses for a second time in just over two years, amid the cost-of-living crisis.
16 December 2022
Teneo takes on administration of Russian bank's UK arm The British unit of Russian bank VTB has been placed in administration, after it was stung by sanctions following Russia’s military invasion of Ukraine.
15 December 2022
Craft beer brewery appoints administrators Somerset brewery Wild Beer Co has fallen into administration, with inflation having made production costs untenable. Professionals from Undebt.co.uk have been installed as joint administrators.
08 December 2022
Interpath overseeing Chartham Paper Mill administration Dozens of people have lost their jobs as Chartham Paper Mill has appointed administrators from Interpath Advisory.
30 November 2022

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