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Restructuring news in the UK | Page 3
An overview of news, trends and research in Restructuring consulting in the UK:
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Quantuma selected for Greswolde Construction administration
Greswolde Construction has appointed administrators from Quantuma.
24 August 2022
Welcome Nurseries selects Begbies Traynor for administration
With hundreds of jobs on the line across England, a nurseries group has been sold out of administration, in a pre-pack deal.
17 August 2022
FRP launches restructuring offering in Norwich office
FRP Advisory has launched a new restructuring team in East Anglia, adding to its corporate finance and forensic services lines.
05 August 2022
Hundreds of jobs saved by Houst restructuring manoeuvre
Begbies Traynor, a leading business recovery and financial advisory specialist has advised on the first SME restructuring to use a “cram down” of dissenting creditors in a turnaround which has saved more than 300 jobs.
29 July 2022
Offshore restructuring specialist Kalo joins Interpath Advisory
Restructuring and consulting firm Interpath Advisory has completed the acquisition of Kalo.
25 July 2022
Airline cabin maker selects Grant Thornton for administration
After the collapse of a historic aviation company in Dorset, Grant Thornton was appointed to the firm’s administration.
07 July 2022
FTI oversees sale process of Cayman Islands resort
Consultants from FTI Consulting have been appointed receivers of a hotel formerly known as the Margaritaville Beach Resort Grand Cayman.
01 July 2022
Buchler Phillips and Airline Management Group launch aviation offering
As the aviation industry faces a host of challenges, the demand for external expertise in the sector is on the rise.
01 July 2022
International transport selects picks Mazars for administration
Global professional services firm Mazars has been appointed to the administration of Toogood International Transport and Agricultural Services.
30 June 2022
Teneo seals next step in sale of Sungard Availability Services
The administrators of Sungard Availability Services have sealed the next step in the sale process out of administration, with Redcentric Solutions buying up three data centers.
17 June 2022
How will pre-pack administrations fare in the current climate?
As the UK tax office chases outstanding amounts from the lockdown months, the number of administrations is rising.
31 May 2022
Administrators sue EY for NMC 'negligence'
Following the collapse of NMC, administrators from Alvarez & Marsal have levelled a legal claim against EY.
25 May 2022
PwC named for McColl's administration
British convenience retail chain McColl’s has announced its intention to appoint administrators from PwC.
19 May 2022
Begbies Traynor oversees CWC sale
West Yorkshire commercial joinery CWC has been acquired out of administration, preserving the jobs of its employees. The firm struggled after work dried up during the pandemic.
12 May 2022
Steel jobs saved as FRP finds buyer for Cardiff firm
The work of administrators from FRP Advisory has helped preserve the employment of 20 people across Wales.
03 May 2022
Jobs lost in Mechanical Facilities Services administration
Doncaster-based Mechanical Facilities Services has appointed administrators from Interpath Advisory, after being unable to keep up with cashflow pressure.
20 April 2022
Alvarez & Marsal completes next step of Tricorn Group restructuring
Having been called in the summer of last year, Alvarez & Marsal has completed the next step of Tricorn Group’s international restructuring plan.
11 April 2022
Grant Thornton appointed to Loans at Home administration
Consumer lending business Loans at Home has entered administration. Grant Thornton professionals have been tasked with overseeing the process.
21 March 2022
Consultants to oversee administration of men's footwear brand
UK headquartered footwear brand Steptronic has called in administrators, after its bottom line was hit hard by supply chain issues.
21 March 2022
Begbies Traynor sells motor repair centre out of administration
Administrators have found a buyer for the business and assets of motor repair chain Crossleys Accident Repair Centre. The news preserves 70 jobs across the North West.
11 March 2022
Kroll selected for Restructuring and Insolvency Services framework
Professional services firm Kroll has been named as a supplier on the Crown Commercial Service’s Restructuring and Insolvency Services framework.
10 March 2022
Quantuma appointed for Strathkelvin administration
Business advisory firm Quantuma has been tasked with the administration of Strathkelvin Credit Union. Three experts from the firm will serve as joint administrators for the financial cooperative.
01 March 2022
Teneo to oversee administration of Studio Retail
UK ecommerce firm Studio Retail is hoping for a rapid sale of its assets, after the appointment of administrators from Teneo.
28 February 2022
Kroll appointed administrator to Mulbury Homes
Affordable housing provider Mulbury Homes has fallen into administration. Kroll professionals Andrew Knowles and Steve Clancy will now oversee the sale of the firm’s remaining assets.
25 February 2022
Smith & Williamson sells snack brand out of administration
The Livia’s snack brand has been rescued from administration, via a sale to investment firm S-Ventures.
24 February 2022
Teneo appointed to Midas administration
Advisors from Teneo have been named as administrators of a Devonshire construction firm. Midas Group has collapsed after sustained supply chain disruption resulting from the on-going pandemic.
10 February 2022
Holt Car appoints Begbies Traynor for administration
Begbies Traynor has been appointed to the administration of a Derby-based new and used car retailer. The move sees all the business’ employees lose their jobs.
09 February 2022
Fine dining firm appoints FRP for administration
Corbin & King, a company operating several of London’s fine diners, has been placed into administration. Experts from FRP Advisory will now look to sell off the company’s assets.
28 January 2022
Kesslers International staff to take legal action over redundancies
The former employees of Stratford based retail display specialists Kesslers International have commenced legal action regarding their layoffs.
25 January 2022
Creditors face huge losses from NMCN administration
Debts for unsecured creditors for construction firm NMCN has doubled since the firm collapsed in October, according to reports in the British press.
11 January 2022
Mazars appointed administrator for Leeds marketing agency
Professionals from Mazars have been tasked with the administration of Banana Kick. The firm fell into insolvency at the end of 2021.
06 January 2022
Interpath sells Lorne Hotel out of administration
A hotel forced to close its doors during the UK’s winter lockdown has been sold out of administration.
03 January 2022
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