Restructuring news in the UK | Page 9

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

One-fifth of UK businesses in financial distress The number of UK businesses in significant financial distress in the first quarter of 2019 has increased, while those under critical distress has ramped up by 17% on last year’s levels.
15 May 2019
Alvarez & Marsal administrates 322-strong care home group Four Seasons Health Care, one of Britain's largest care home groups, has appointed professional services firm Alvarez & Marsal to oversee its administration.
13 May 2019
Debenhams administrator handed legal threat from Sports Direct Earlier in April 2019, the long-suffering high street entity of Debenhams finally collapsed into a pre-pack administration, wiping out equity for shareholders including Sports Direct.
24 April 2019
8 tips for successfully buying or selling a distressed business Embarking on the sale of a business is one of the most challenging experiences a management team can undertake.
18 April 2019
Duff & Phelps appointed for Meridian Metal Trading administration UK steel supplier Meridian Metal Trading has collapsed into administration.
08 April 2019
RSM sells controversial UK wealth manager out of administration RSM has overseen the sale of UK financial advisory firm Mount Sterling Wealth out of administration.
26 March 2019
Deloitte to oversee Office Outlet administration Over 1,000 jobs have been jeopardised by the news that UK stationary store Office Outlet has been placed in administration.
25 March 2019
Grant Thornton named administrator for 'Welsh Carillion' Dawnus Following the collapse of Cardiff headquartered outsourcing firm Dawnus Group, the firm has been compared to failed contractor Carillion, while 700 workers have lost their jobs.
22 March 2019
Outsourcer Interserve sold out of administration by EY Administrators from EY have overseen the fire sale of Interserve, after the outsourcer finally collapsed following a year of poor trading.
19 March 2019
Quantuma helps rescue Bradford development project Corporate recovery experts from Quantuma have helped complete a restructuring deal for Xchange House in Bradford.
15 March 2019
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

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