Restructuring news in the UK | Page 8

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

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
Arts charity appoints administrators from Mazars Administrators have been appointed from Mazars following the collapse of the charity trust behind a Yorkshire based arts centre.
26 March 2020
Laura Ashley appoints PwC administrators Amid the continuing Covid-19 pandemic, Laura Ashley has become the first retailer to fall victim to the “significant” drop in trade that the virus has caused.
20 March 2020
Duff & Phelps secures future of carpet manufacturer Insolvency specialist consultancy Duff & Phelps has secured future of 250-year-old British manufacturing brand.
17 March 2020
Winding-up looms unless Bloodhound sniffs out investors The supersonic Bloodhound project looks to be under threat once more, as its current owner has suggested it has just one month to find new investment, or it will face being wound up.
10 March 2020
MPM Catering appoints administrators from Mazars Street food specialist MPM Catering has collapsed into administration, just weeks after celebrating its Cook Street brand’s fifth year in business.
28 February 2020
Duff & Phelps fully secures future of Midlands mobility provider The joint administrators of Accessible Transport Group have successfully sold its former premises in Aston to the West Midlands Accessible Transport firm established out of its collapse.
27 February 2020
RSM to oversee Ena Shaw winding down Merseyside soft furnishings business Ena Shaw has fallen into administration, seeing around 100 jobs lost in the town of St Helens.
21 February 2020
Pure Collection appoints administrators from KPMG KPMG professionals Howard Smith and Will Wright have been appointed joint administrators of cashmere brand Pure Collection.
14 February 2020
Tough Mudder appoints BM Advisory as UK administrator The European operation of outdoor sports group Tough Mudder has returned to trading, despite an international stand-off with its US wing.
12 February 2020
BDO takes on administration of Norton Motorcycles A historic motorcycle company has called in administrators, after the Birmingham-based company was taken to court for a disputed £300,000 tax bill.
10 February 2020
RSM oversees administration of Michelin-starred restaurant Professional services firm RSM has been appointed to oversee the administration of three Mayfair-based companies within the Marc restaurant group.
05 February 2020
Moorfields Advisory appointed to administrate Hawkin’s Bazaar UK toy retailer Hawkin’s Bazaar has collapsed into administration for the second time in the space of a decade.
29 January 2020
Fall in CVAs could lead to spike in retail administrations 2019 was undoubtedly a tough year for the retail sector – however Britain’s high street crisis could be on the verge of deepening this year, according to the latest research.
24 January 2020
Leven Car Company appoints Leonard Curtis administrator Leven Car Company, a car dealership group in Scotland, has gone into administration, leaving nearly 140 staff facing possible redundancy.
15 January 2020
Beales poised for administration after KPMG review Around 1000 jobs have been placed at risk, as department store Beales has warned it could collapse into administration without a new owner.
14 January 2020
Duff & Phelps secures future of InLink BT partner InLink collapsed into administration at the turn of the year, with the Wi-Fi and USB charging kiosk service having encountered numerous delays to its plans across the UK.
13 January 2020
Northern construction group Bardsley enters administration As the UK’s construction industry endures the final days of a torrid 2019, Bardsley Group has become the latest casualty of the uncertainty in the sector.
27 December 2019
PwC to oversee administration of The Book People The Book People has filed for administration with just one week to go before Christmas, putting 400 jobs at risk.
23 December 2019
KPMG tasked with restructuring of construction group Clugston Construction outsourcing firm Clugston Group has appointed administrators from KPMG, resulting in the laying-off of some 150 staff.
12 December 2019
Cyber security start-up XQ Cyber appoints administrators Professionals from David Rubin & Partners have been appointed administrators to cyber security start-up XQ Cyber.
04 December 2019
FRP Advisory negotiating deal between Bonmarché and Peacocks UK retail chain Peacocks has been lined up by administrators as a buyer for the Bonmarché stores.
03 December 2019
Mporium Group appoints Begbies Traynor for administration Begbies Traynor has overseen the sale of Mporium Group’s assets, following its collapse into administration earlier in November 2019.
26 November 2019
Scottish haulage firm appoints KPMG administrators Corporate Road Solutions 24:7, a company based in West Lothian, has collapsed into administration, appointing KPMG to oversee proceedings.
18 November 2019
Toto Energy appoints KPMG for administration Brighton-based Toto Energy has collapsed, appointing KPMG as its administrator. The firm previously supplied gas and electricity to approximately 134,000 customers throughout the UK.
13 November 2019
Mothercare appoints PwC administrators for UK wind-up PwC is set to close 79 Mothercare stores across the UK, after its appointment as administrator for the troubled brand. The news is likely to result in the loss of almost 3,000 jobs across Britain.
11 November 2019
EY and PwC also sold consulting work to Thomas Cook Big Four audit and advisory firms PwC and EY have come under scrutiny for selling consulting and accounting services to Thomas Cook in the lead up to the company’s collapse.
05 November 2019
Deloitte to oversee Supercuts owner administration Salon chain owner Regis UK has appointed administrators from Deloitte, becoming the latest victim of the UK’s ailing high street as a result.
04 November 2019
KPMG appointed to oversee Watt Brothers administration A family-run retailer has collapsed after more than 100 years in business, seeing almost 300 jobs lost across Scotland.
30 October 2019

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