Restructuring news in the UK | Page 7

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

Cinema chain Cineworld calls in AlixPartners and PJT Partners The world's second-biggest cinema chain Cineworld has brought in a team of consultants from AlixPartners and PJT Partners to help it come through the most challenging period in its 25-year history.
27 October 2020
Duff & Phelps looks to match cash strapped SMEs with investors Buoyed by heightened demand for its restructuring services, Duff & Phelps has bucked a consulting industry trend by expanding its multifaceted offering throughout 2020.
22 October 2020
BDO may bail out Spanish sister firm after hefty audit fine The global network of audit and advisory firm BDO – including its UK office – may be forced to bail out its Spanish wing, after it was stung with a massive penalty for its alleged role in an accounting scandal.
13 October 2020
Grant Thornton sells recycling business out of administration Audit and advisory firm Grant Thornton has sold a South Yorkshire based recycling group out of administration.
13 October 2020
Grant Thornton sells Cylinder Service Centre out of administration The acquisition of North East automotive maintenance firm The Cylinder Service Centre has preserved 30 jobs in the region.
06 October 2020
Mazars appointed to liquidate international college MLS International College has collapsed amid the continued Covid-19 pandemic, with liquidators from Mazars being appointed to the Bournemouth-based international college.
05 October 2020
Deloitte Global vetoes plans to sell UK restructuring unit The prospective sale of Deloitte UK’s restructuring unit has been torpedoed by the Big Four firm’s global leadership.
30 September 2020
Six ways to protect your business from the Covid-19 recession Both public safety and the global economy are experiencing uncertain times due to the Covid-19 pandemic – not to mention the fact that the UK has entered its second recession in 12 years.
24 September 2020
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

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