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UK bars & restaurants boosted by late British summer

The unseasonably warm September, combined with greater disposable income resulting from a low inflationary economy, as well as the positive impact of the Rugby World Cup provided a much needed boost to the fortunes of the UK’s bars and restaurants sector during the final weeks of the third quarter, reveals new data from business recovery specialists Begbies Traynor.

UK grocery industry fights back, with first signs of sector recovery

As the UK’s supermarket price war rages on, with Tesco and Sainsbury’s recently reporting further price cuts to stem the flow of falling sales, new research from business recovery specialists Begbies Traynor indicates that stability may finally be returning to the struggling UK grocery sector, as the industry shows the first tentative signs that it has adjusted to today’s new low margin environment.

Acquisition of The P&A Partnership Ltd

Begbies Traynor Group plc, the business recovery and property services consultancy, today announces its agreement to acquire the trade and certain assets of The P&A Partnership Ltd out of administration in a pre-pack deal.

Aldi steps up supermarket war by launching online shopping

Today’s disappointing results show that even Aldi can’t escape the clutches of the ongoing supermarket price war. As its bigger rivals have committed to investing billions of pounds worth of price cuts over the next few years, Aldi has been forced to react in kind, causing its operating profit to fall by 4% last year, compared to stellar profits growth of 65% during 2013 and 124% in 2012.

UK food supply chain on the brink as supermarkets tighten belts still further

As the UK’s largest supermarkets up their game in the race to win back customers from the German discounters, their means of slashing prices and delaying payments to suppliers means that the food retail industry has never been tougher for the UK’s smallest food suppliers, independent grocers and farmers, warns business recovery specialists Begbies Traynor.

Begbies Traynor Group launches worldwide insolvency, restructuring and financial advisory group

Begbies Traynor Group, the specialist professional services consultancy, today announces the launch of BTG Global Advisory (www.btgga.com), an international alliance of independent insolvency, restructuring and financial advisory firms operating in key jurisdictions across the globe.

Commentary on AFC Bournemouth

AFC Bournemouth’s turnaround is nothing short of miraculous and is a great case study in football’s resilience.

UK Construction SMEs in hot water as funding crisis reaches boiling point

Despite favourable market conditions for the construction sector, the number of Construction SMEs suffering ‘Significant’ financial distress continues to rise as traditional lenders tighten their purse strings, cutting more firms off from vital funding, warns business recovery specialists Begbies Traynor.

Supermarkets Price War Continues To Devastate Food Suppliers

While most of the UK’s largest supermarkets are embarking on turnaround strategies in an attempt to claw their way back to financial health, their means of slashing prices and delaying payments is grinding many food suppliers and smaller high street grocers to the ground, warns business recovery specialists Begbies Traynor.

Election uncertainty stalls business growth as investment dries up

Businesses across the UK have battened down the hatches since the start of the year, holding back investment for growth and initiating recruitment and pay freezes as they await the outcome of May’s General Election, resulting in a state of stagnation across all areas of the economy, warns business recovery specialists Begbies Traynor.

TSG acquisition of North East technology specialist saves jobs

Technology Services Group Limited (TSG) has bolstered its technical offering by acquiring the trade and assets of Aegis IT Limited (Aegis).

Begbies Traynor Appointed as Liquidators of Stockport Finance Firm

Stockport-based loans call centre Cash Finance Direct (Holdings) Limited, trading as Horizon Finance, has been placed into liquidation.

Corporate Insolvency Appointments in 2014

The latest analysis of published corporate insolvency statistics for 2014 reveals that Begbies Traynor has retained its position as the UK’s leading business recovery practice with regard to total corporate insolvency appointments.

Sale agreed for Nottingham residential investment

A majority let apartment block investment close to Nottingham city centre has been sold to a private investor for in excess of the guide of £650,000.

Don Leisure Limited/Don Leisure Holding Ltd

John Kelly and Mark Malone of the Birmingham office of business rescue and recovery specialist Begbies Traynor were appointed joint administrators of Don Leisure Limited and Don Leisure Holdings Ltd on 31 March 2015.

The beautiful game ‘in good health’ as club distress falls to almost nil

In just the second season in which football clubs’ accounts have come under the scrutiny of the Financial Fair Play (FFP) rules, the health of English league clubs has improved significantly, reversing last year’s rise in distress.