Restructuring news in the UK | Page 5

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

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
Insect Technology Group appoints UHY Hacker Young administrator UHY Hacker Young has reportedly been heading an administration for UK headquartered waste management firm Insect Technology Group since February.
08 June 2021
FRP Advisory brought in for administration of grain trader FRP Advisory has been appointed to the administration of Scotland based grain supplier Alexander Inglis & Son, in a move which is expected to impact hundreds of growers throughout the UK’s north.
31 May 2021
Four-in-ten firms considering restructuring over next 12 months Many companies across the UK are emerging from lockdown with a sense of cautious optimism.
25 May 2021
FRP named administrator of Leicestershire building company Professionals from FRP Advisory have been installed to oversee the administration of one of the Midlands’ largest construction firms.
18 May 2021
Interpath Advisory commences life as independent business Having rebranded in March, the former restructuring practice of KPMG UK is formally launching as an independent firm.
05 May 2021
Football Index faces government probe following administration Online gambling platform Football Index collapsed into receivership in March, following with the appointment of administrators from Begbies Traynor.
30 April 2021
David Rubin & Partners to oversee Brooks Brothers administration US business attire retailer Brooks Brothers has seen its UK wing fall into administration, after suffering from a lack of demand for its products as people worked from home.
14 April 2021
Administrators secure deal for Wigan Athletic The future of former Premier League football club Wigan Athletic looks to have been secured, after administrators from Begbies Traynor announced new owners had been found.
17 March 2021
5,000 steel industry jobs at risk following Greensill collapse The collapse of Greensill Capital into administration has placed thousands of jobs in the UK’s steel industry in jeopardy.
15 March 2021
KPMG's UK restructuring arm rebrands as Interpath Advisory The UK wing of KPMG has signed an agreement with H.I.G. Europe to sell its UK restructuring practice.
05 March 2021
Greensill Capital lines up Grant Thornton for restructuring Fintech firm Greensill Capital may be heading for bankruptcy after Credit Suisse froze $10 billion of its assets.
05 March 2021
EY appointed to shopping centre administration Consultants from EY have been appointed to the administrate shopping centre owner IRAF UK Dragon.
01 March 2021
Teneo 'in advanced talks' for Deloitte's UK restructuring arm The continued saga regarding Deloitte’s UK restructuring business took another turn at the mid-point of February, months after Deloitte’s global leadership supposedly ruled out such a move.
16 February 2021
Begbies Traynor oversees administration of Tucan Travel Specialist tour operator and travel agency Tucan Travel has collapsed with the loss of nine jobs.
04 February 2021
RSM administrators complete sale of Bonmarché In late 2020, fashion retailer Bonmarché fell into administration for the second time in 14 months, placing 1,500 jobs at risk.
21 January 2021
Private equity moving in on KPMG's restructuring division The sale of KPMG UK’s restructuring arm is reportedly progressing at pace, just months after the global leadership of Big Four rival Deloitte vetoed similar efforts in its own British wing.
11 January 2021
Paperchase becomes latest victim of Covid-19 recession UK stationary firm Paperchase is reportedly on the brink of administration, after muted Christmas sales thanks to Covid-19 restrictions.
11 January 2021
Deloitte to oversee BiFab administration Administrators from Deloitte have been formally appointed to take control of the insolvent renewables manufacturer.
17 December 2020
Bonmarché appoints RSM for second administration in 18 months Days after the collapse of retail empire Arcadia, fashion retailer Bonmarché has fallen into administration, placing 1,500 jobs at risk.
07 December 2020
Deloitte named administrator as Arcadia collapses Arcadia, the scandal-stricken parent firm of Topshop, Miss Selfridge and Burton among others, has appointed administrators from Deloitte.
03 December 2020
FRP Advisory appointed for Peacocks and Jaeger administrations Peacocks and Jaeger have been placed into administration by parent company EWM Group, putting over 4,700 jobs at risk.
27 November 2020
Quantuma appoints Fred Satow as Director in London Business advisory firm Quantuma has appointed Fred Satow as a Director in its London team. Satow brings more than 40 years of experience in professional services and insolvency work to the role.
24 November 2020
KPMG appointed to historic silk company administration A silk company which has been trading in a Suffolk town for almost 250 years has gone into administration.
17 November 2020
Quantuma sells nursing home out of administration Consultants from Quantuma have completed the sale of a Welsh nursing home for more than £2 million. The deal follows the home’s owner, Gwent Nursing Homes, placing itself into administration more than a year ago.
12 November 2020
Grant Thornton named administrator of glass business Sarah O’Toole and Jason Bell of Grant Thornton have been appointed administrators of Total Glass.
09 November 2020

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