Restructuring news in the UK | Page 4

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

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
Sanctioned CargoLogicAir appoints Buchler Phillips administrators UK based airline CargoLogicAir has fallen into administration, as a consequence of sanctions against Russia impacting its former Director.
25 November 2022
Crypto platform FTX appoints Alvarez & Marsal as restructuring advisor Consultancy Alvarez & Marsal and law firm Sullivan & Cromwell have been named as the restructuring advisors of FTX.
15 November 2022
PwC to oversee Made.com administration The operators of Made.com Design have filed a notice to appoint Big Four firm PwC as its administrator. The consultancy will now work to find a buyer for the assets of the e-commerce firm. Made.
03 November 2022
Historic rugby club Wasps tasks FRP Advisory with administration FRP Advisory has been installed as administrator to a two-time European champion rugby club.
01 November 2022
Bensons for Beds buys Eve Sleep after confirming administration Benson for Beds has bought the brand, intellectual property and website of Eve Sleep’s brand, after it fell into administration. The deal was overseen by administrators from Kroll.
26 October 2022
ReSolve secures buyer for ‘The Chelsea Cowboy’ film Boutique consultancy ReSolve has helped secure the future of an independent feature-film.
17 October 2022
Evelyn Partners brought in for pension group administration Rowanmoor Personal Pensions has appointed administrators from Evelyn Partners.
07 September 2022
Kroll tapped for DeTrafford Wavelength site sale A construction site at Salford Quays has been placed into administration, after its developers fell behind on debt payments. Administrators from Kroll will now look to sell on the site.
31 August 2022
The Health Store calls in Interpath for administration 140 jobs have been lost as a 90-year-old business in Nottingham business called in administrators from Interpath Advisory.
31 August 2022
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

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