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Restructuring news in the UK | Page 5
An overview of news, trends and research in Restructuring consulting in the UK:
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AFRY Management Consulting
Airwalk Reply
Alvarez & Marsal
Analysys Mason
Argon & Co
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umlaut
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How Covid-19 is impacting small and mid sized insolvency firms
The unprecedented economic impact of the coronavirus has triggered a wave of insolvency cases across the United Kingdom.
14 September 2020
KPMG appointed by Caffe Nero to find savings
KPMG is understood to be working with Caffe Nero to help the ailing chain negotiate rent cuts.
14 September 2020
Liquidator KPMG withdraws Debenhams redundancy offer
Liquidators from KPMG have been facing off with redundant Debenhams workers in Ireland, withdrawing the firm’s offered payment scheme after the retailer’s staff staged sit in protests across Ireland
11 September 2020
Menswear retailer Moss Bros hires KPMG for restructuring
UK menswear retailer Moss Bros is reportedly undergoing a restructuring process, as it struggles to recoup losses over 2020.
08 September 2020
PwC helps save 2,300 jobs with sale of vehicle repair business
PwC has overseen the sale of Nationwide Accident Repair Services and a number of its subsidiaries, after being appointed for the company’s administration.
07 September 2020
Eligible for UK furlough scheme? FAQ on furloughing employees
Covid-19 and the lockdown in the UK has undoubtedly been one of the most important events in recent history, and it has fundamentally changed the way that we live – at least in the short term.
21 August 2020
PwC and legal advisers help Travelex restructure its debt
Professional services firm PwC has clinched a restructuring deal for Travelex, which appointed administrators earlier in August. The news safeguards around 1,800 jobs in the UK.
17 August 2020
Duff & Phelps to oversee Cruise & Maritime Voyages administration
Cruise & Maritime Voyages has collapsed into administration, ceasing trading with immediate effect across Europe and North America.
27 July 2020
Wigan Athletic appoints Begbies Traynor for administration
Championship club Wigan Athletic has gone into administration, becoming the first English professional club to do so since the coronavirus pandemic began.
02 July 2020
Begbies Traynor Group appointed administrator of Suite Hospitality
A hotel chain’s 100 staff are facing uncertainty after it collapsed into administration.
30 June 2020
Go Outdoors sold out of administration by Deloitte
Go Outdoors’ 2,400 staff have been handed a temporary reprieve, after the collapsed company was sold out of administration by professional services firm Deloitte.
26 June 2020
Quiz appoints KPMG for restructuring
Fashion retailer Quiz has tapped KPMG administrators to restructure its store portfolio.
25 June 2020
Croydon Park Hotel appoints administrators from KPMG
The Croydon Park Hotel has appointed administrators from KPMG, after the coronavirus pandemic significantly weakened its cash position.
19 June 2020
Deloitte appointed for Victoria's Secret administration
Lingerie behemoth Victoria’s Secret has appointed administrators for its UK wing, falling a rapid fall from grace for the brand’s global entity.
12 June 2020
KPMG sells Dawsons Music out of administration
Professionals from KPMG have overseen the rapid sale of a UK music retailer out of administration, saving 75 jobs in the process.
10 June 2020
KPMG appointed to oversee Joe Media administration
Joe Media, the parent company of social news website Joe.co.uk, has appointed administrators from KPMG.
05 June 2020
EY to oversee insolvency of Specialist Leisure Group
Big Four professional services firm EY has been appointed as administrator for Specialist Leisure Group.
04 June 2020
Pret A Manger taps Alvarez & Marsal and CWM for transformation
Dining chain Pret A Manger looks to be drastically shifting its business model to adapt for a new retail environment in the UK.
03 June 2020
Adelie Foods installs Deloitte as administrator
Deloitte has been appointed to administrate UK food and drink firm Adelie Foods, which has collapsed after its finances were destabilised by a series of private equity sales.
02 June 2020
Duff & Phelps joins leading insolvency and restructuring alliance
INSOL International has admitted Duff & Phelps into its Group of 36, making the global consulting firm the twelfth tier one consultancy to join the leading industry alliance.
29 May 2020
AlixPartners advising Casual Dining Group on restructuring
The firm behind casual dining brands such as Bella Italia and Café Rouge has filed to appoint administrators.
20 May 2020
Duff & Phelps secures mattress division of Breasley Pillows
Part of a Derbyshire mattress manufacturing firm has been sold out of administration saving 60 jobs.
18 May 2020
Duff & Phelps appointed as Arlington Automotive administrator
Arlington Automotive Group has called on Duff & Phelps to oversee its administration.
14 May 2020
Virgin Atlantic taps Alvarez & Marsal for possible insolvency
As the global aviation industry struggles amid the coronavirus lock-down, a number of firms have entered into administration.
12 May 2020
Smith & Williamson administrates Southampton theatre group
After being severely hit by the coronavirus lockdown, the operator of Southampton's Nuffield theatres has gone into administration.
07 May 2020
KPMG appointed administrator to Central Building Contractors
KPMG has been installed to oversee the administration of a Glasgow headquartered construction company.
04 May 2020
Quantuma appointed for Beales Gourmet administration
Professionals from business advisory firm Quantuma have been appointed as joint administrators of events company Beales Gourmet.
22 April 2020
Third PwC administrator appointed to Laura Ashley
A third joint administrator has been appointed for UK retailer Laura Ashley, following a court hearing in April.
20 April 2020
Will Covid-19 help or hinder cross-border insolvency work?
The impact of the Coronavirus is being felt by businesses in every sectors, and as part of the survival of the fittest, some companies will not be able to weather the unprecedented storm.
14 April 2020
Debenhams appoints administrators for second time in a year
UK high street stalwart Debenhams has appointed administrators for the second time in 12 months, after calling on Begbies Traynor to broker a rescue deal to prevent its liquidation.
08 April 2020
Carluccio’s appoints administrators from FRP Advisory
Following a turbulent three years amid the casual dining crunch, Italian restaurant chain Carluccio’s has been forced to appoint administrators.
06 April 2020
Duff & Phelps administrators close hotels amid Covid-19 fears
Six hotels across the UK have been closed by administrators from Duff & Phelps, in accordance with Britain’s current coronavirus containment strategy.
02 April 2020
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