Restructuring news in the UK | Page 5

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

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
FRP administrators to wind down Cleveland Bridge UK Cleveland Bridge UK is set to be wound down, after administrators failed to secure a sale of the firm’s assets.
15 September 2021
Kroll sells Ferrous Protection out of administration The appointment of Kroll for an administration has helped secure 20 jobs in Lancashire. The professional services firm quickly sold Ferrous Protection’s assets in a pre-pack deal.
14 September 2021
Hiber Energy appoints ReSolve as administrator Professionals from ReSolve have been tasked with the sale of Hiber Energy.
06 September 2021
Leonard Curtis sells printing business out of administration Aberdeen printing and marketing business Jasmine has been sold out of administration, saving 22 jobs. Professionals from Leonard Curtis Business Solutions oversaw the process.
02 September 2021
RSM administrators sell Bauhaus hotel for student accommodation RSM’s restructuring advisory arm has served as administrator for the former Bauhaus hotel in Aberdeen.
25 August 2021
How corporates can address their post-pandemic balance sheets Amid the pandemic, UK corporates received a stream of government enforced credit support to stabilise and support businesses.
23 August 2021
Interpath appointed to Leicestershire food firm administration Simtom Food Products has named Interpath Advisory as the firm to oversee its administration. The news jeopardises around 100 jobs across Leicestershire.
17 August 2021
Pre-pack administration regulations could deny struggling firms lifeline The effects of the coronavirus recession have left businesses across the UK on the brink of collapse – threatening huge losses in asset value and jobs.
09 August 2021
KPMG could rebuild restructuring business after sale Big Four firm KPMG is reportedly creating a new unit to advise on corporate restructurings, less than a year after selling the its UK insolvency advisory business for more than £350 million.
29 July 2021
FRP Advisory appointed for Cleveland Bridge administration North East construction firm Cleveland Bridge has fallen into administration, putting more than 300 jobs at risk.
26 July 2021
Halving of UK insolvencies prompts fears of 'zombie nation' Despite the continued financial crisis seen during the pandemic, the number of administrations and receiverships has plummeted during 2021.
22 July 2021
SFP sells construction firm out of administration A staffing company for the construction sector has been sold out of administration, preserving 20 jobs in the region. The sale of the West Sussex firm was overseen by professionals from SFP Group.
21 July 2021
Gate One expands into France with first international presence Eight years after its founding, business consultancy Gate One has gone international with its launch in France.
16 July 2021
Smith & Williamson agrees partial transfer of Dolfin assets Administrators from Smith & Williamson have agreed terms for the transfer of some of Dolfin Financial’s client agreements to Britannia Global Markets.
14 July 2021
Mazars sells coffee chain out of administration Professionals from Mazars have been called in to oversee the administration of Friska. The café franchise had suffered heavily from a loss of business during the coronavirus lockdown.
13 July 2021
Smith & Williamson to oversee Dolfin Financial administration Professionals from Smith & Williamson have been installed for the special administration of a UK financial services firm.
06 July 2021
Kroll appointed as liquidator of G-Rock Gibraltar based internet banking platform G-Rock has been forced into liquidation, after losing its limited licensing.
22 June 2021

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