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Restructuring news in the UK | Page 4

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

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
Personal injury firm appoints administrators Changes to the UK’s legal market have led to the collapse of MTA Personal Injury Solicitors.
20 December 2021
WeSwap rescued from administration following Blackthorn deal After becoming a victim of the global collapse in travel, currency exchange firm WeSwap has been saved from administration.
08 December 2021
Bluegreen Energy enters administration amid energy crisis Interpath Advisory has been named as the administrator of Bluegreen Energy. The firm’s customers have transferred to British Gas.
23 November 2021
Administrators hopeful despite latest Derby points deduction Championship football club Derby County has been stung with a second points deduction since falling into administration.
18 November 2021
PwC installed as administrator of Zebra Power Amid a mounting crisis in the UK energy market, PwC has been appointed as administrator of Zebra Power.
17 November 2021
Firms must be proactive in consulting restructuring experts As the UK Government’s temporary restrictions on insolvency procedures are phased out, restructuring firms will soon be in keen demand – meaning struggling companies which act slowly will find it har
15 November 2021
Quantuma oversees administration of Savants Restructuring The UK insolvencies market is heating up, as the number of companies falling into administration rises with the fallback of government pandemic support.
10 November 2021
Administrators from A&M appointed to People's Energy Amid the mounting energy crisis of the UK, Alvarez & Marsal has been appointed as Joint Administrators to the People’s Energy Company.
30 September 2021
Ankura builds high-profile team to enter UK restructuring market Ankura Consulting has launched a European restructuring practice to work with businesses across various industries facing complex challenges following the pandemic.
28 September 2021
A&M appointed administrator to PFP Energy Administrators from Alvarez & Marsal have been appointed to PFP Energy. The company’s customers have been transferred to British Gas as part of the Supplier of Last Resort process.
28 September 2021
Quantuma to oversee Derby County administration Andrew Hosking, Carl Jackson and Andrew Andronikou, managing directors at business advisory firm Quantuma, have been appointed joint administrators of Derby County.
23 September 2021
Kroll appointed for administration of Manchester hospitality firm Restructuring experts from Kroll are overseeing the sale of a Manchester property business, with a hotel and apartment complex amid the firm’s portfolio.
22 September 2021

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