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Restructuring news in the UK | Page 8
An overview of news, trends and research in Restructuring consulting in the UK:
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Deloitte wins CRH role from Big Four rival
Big Four professional services firm Deloitte has secured a new contract as the external auditor of constructions industry manufacturer CRH. The firm will replace rival EY in the role as of 2020.
14 March 2019
Duff & Phelps appointed administrator for insurance comparison site
A buyer of assets is being sought for a life insurance comparison site, after it appointed administrators in March 2019.
14 March 2019
Administrators swamped by thousands of Wonga claims
More than 40,000 Wonga customers are seeking compensation from the defunct payday lender, according to documents released by the Treasury Committee.
13 March 2019
Northern Ireland's oldest architecture firm falls into administration
One of Northern Ireland's oldest businesses, the construction and design firm WDR & RT Taggart, has entered administration.
11 March 2019
FRP Advisory appointed for Better Bathrooms administration
More than 300 jobs have been lost, as home improvement retailer Better Bathrooms has fallen into administration.
07 March 2019
KPMG advises on Boparan Restaurant Group CVA
A company voluntary arrangement at two casual dining brands has put more than 300 jobs at risk across the UK.
06 March 2019
EY reportedly in line to administrate ailing Interserve
As a standoff between shareholders and lenders at Interserve looks to continue well into the eleventh hour, EY has reportedly earmarked to oversee an administration of the outsourcing firm.
26 February 2019
Smith Cooper to oversee administration of UK print firm
Professional services firm Smith Cooper has been installed as the administrator for ailing print firm Pressroom Plus.
25 February 2019
BDO administrates Flybmi amid aviation industry turbulence
Around 400 jobs UK, Germany, Sweden and Belgium have been lost, following the collapse of commercial airliner Flybmi.
21 February 2019
Leonard Curtis oversees solicitors administration
26 jobs have been lost, as Just Costs Solicitors collapsed into administration at the end of January.
20 February 2019
FTI to administrate Utilitywise with 1,000 jobs on the line
Energy focused professional services firm Utilitywise has collapsed into administration, following allegations of years of mismanagement from a number of staff.
15 February 2019
FRP oversees British Ceramic Tile administration
More than 300 jobs have been lost in the South-West of England, as a ceramic tile producer collapsed into administration at the end of January.
13 February 2019
Hollywood Cinemas appoints Parker Andrews as administrator
A chain of cinemas in the East of England has folded, following an especially poor year of business.
12 February 2019
Duff & Phelps appointed to administration of Oddbins
The business behind a chain of UK off licences has fallen into administration, appointing consulting firm Duff & Phelps to oversee proceedings.
06 February 2019
Common People Festival falls into administration
Corporate rescue and restructuring consultancy Begbies Traynor has been appointed administrator for the Common People Festival.
04 February 2019
PwC administrators preserve M40 flow despite Carillion debacle
In its capacity as administrator for the collapsed outsourcing firm Carillion, advisory and auditing giant PwC was tasked with rapidly replacing the firm for a number of keystone service contracts.
04 February 2019
Quantuma advises on rapid sale of home improvements company
Restructuring consultancy Quantuma has advised on the sale of home products company Apple Panels, which traded as Apple Home Improvements, to conservatory and door supplier, County Windows.
31 January 2019
Patisserie Valerie appoints KPMG administrators after collapse
Following the emergence of a £20 million black hole in its accounts three months before, café chain Patisserie Valerie has collapsed into administration.
25 January 2019
PA Consulting advises Scope on charity's restructuring
Global professional services firm PA Consulting was called in by Scope to help lead an organisational change programme, as part of a five-year strategy.
24 January 2019
Patisserie Valerie hires KPMG to prepare for potential collapse
Following the emergence of a £20 million black hole in its accounts, café chain Patisserie Valerie has struggled to return to stability, while scrambling to uncover the extent of its short-fall in ca
21 January 2019
Kaiam’s UK and Europe operations appoint KPMG administrators
Global fibre-optics manufacturer Kaiam has seen its UK and Europe arms collapse into administration, following adverse trading conditions in 2018.
11 January 2019
KRE Corporate Recovery oversees Mahabis administration
Luxury slipper brand Mahabis has collapsed into administration, following poor seasonal trading and a heavy debt burden, according to reports in the British press.
10 January 2019
Monarch Aircraft Engineering appoints KPMG administrators
KPMG has been installed as the administrator for Monarch Aircraft Engineering, having already performed a similar role for the entity’s connected airline in 2017.
09 January 2019
HMV appoints KPMG for second administration in six years
UK entertainment retailer HMV has appointed joint administrators from KPMG to oversee the sale or closure of its business.
08 January 2019
Quantuma appointed administrator for Manor House School
A £10,000 per year Manor House School in Ashby has appointed administrators just a month after a pay dispute led to a mass walkout of its teachers.
04 January 2019
Outsourcer Interserve's rescue plan sparks share slide
Embattled government contractor Interserve has announced that a plan to reduce its debt by issuing new shares.
13 December 2018
Online estate agency appoints administrators from James Cowper Kreston
Professional services firm James Cowper Kreston has been installed administrator of online estate agency Emoov.
12 December 2018
Vultures circle some 200 UK shopping centres on brink of administration
A new report has found that over 200 shopping centres in Britain are in danger of collapsing into administration.
26 November 2018
Jobs secured as Quantuma advises BCF Heating & Plumbing
BCF Heating and Plumbing has agreed upon a Company Voluntary Arrangement, securing the jobs of its entire workforce.
15 November 2018
Johnston Press commissions AlixPartners for possible administration
With the printed press facing deflating revenues and declining readership in the UK, troubled newspaper publisher Johnston Press is preparing to hand control to its lenders as the search for a rescue
15 November 2018
UK retail net store closures quadruple in first half of 2018
The UK high street is enduring its most challenging period in five years, according to a new study.
14 November 2018
Yorkshire butcher chain Crawshaw appoints EY for administration
Crawshaw Group has confirmed the appointment of administrators, as the UK meat retailer said in late October that it did not have sufficient cash to restructure.
08 November 2018
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