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Restructuring news in the UK | Page 4
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Mporium Group appoints Begbies Traynor for administration
Begbies Traynor has overseen the sale of Mporium Group’s assets, following its collapse into administration earlier in November 2019.
26 November 2019
Scottish haulage firm appoints KPMG administrators
Corporate Road Solutions 24:7, a company based in West Lothian, has collapsed into administration, appointing KPMG to oversee proceedings.
18 November 2019
Toto Energy appoints KPMG for administration
Brighton-based Toto Energy has collapsed, appointing KPMG as its administrator. The firm previously supplied gas and electricity to approximately 134,000 customers throughout the UK.
13 November 2019
Mothercare appoints PwC administrators for UK wind-up
PwC is set to close 79 Mothercare stores across the UK, after its appointment as administrator for the troubled brand. The news is likely to result in the loss of almost 3,000 jobs across Britain.
11 November 2019
EY and PwC also sold consulting work to Thomas Cook
Big Four audit and advisory firms PwC and EY have come under scrutiny for selling consulting and accounting services to Thomas Cook in the lead up to the company’s collapse.
05 November 2019
Deloitte to oversee Supercuts owner administration
Salon chain owner Regis UK has appointed administrators from Deloitte, becoming the latest victim of the UK’s ailing high street as a result.
04 November 2019
KPMG appointed to oversee Watt Brothers administration
A family-run retailer has collapsed after more than 100 years in business, seeing almost 300 jobs lost across Scotland.
30 October 2019
KPMG oversees Lingerie Outlet Store administration
Joint administrators from KPMG’s restructuring sector have sold the majority of ecommerce firm Lingerie Outlet Store, safeguarding 26 jobs in Wiltshire.
25 October 2019
Deloitte appointed as Links of London administrator
High street jewellery brand Links of London has been placed into administration, putting around 350 jobs at risk if a buyer cannot be found.
22 October 2019
KPMG appointed for Eversmart Energy administration
Manchester-based Eversmart Energy has appointed KPMG to oversee its administration.
30 September 2019
KPMG to oversee Northern manufacturer administration
The fallout from a serious fire in 2016 has eventually seen Northern manufacturer Total Polyfilm collapse into administration, costing the region more than 200 jobs.
27 September 2019
Tata Steel to close Welsh site amid A&M restructuring
Tata Steel has enlisted Alvarez & Marsal to help with a restructuring programme for its UK wing.
11 September 2019
KPMG oversees administration of Malvern Group
KPMG has been appointed as administrator for Super Break and LateRooms parent Malvern Group.
27 August 2019
BDO takes on administration of offshore wind fabricator
Administrators have been officially appointed to troubled UK offshore wind fabricator Harland and Wolff following a court hearing.
15 August 2019
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
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